American manufacturers are planning to reshore production from Asia back to the Americas ahead of President-elect Donald Trump’s return to office, seemingly in part due to his trade policy and global instability ushered in by the Biden administration.
Reshoring production signals a shift from relying on China toward sourcing more labor and materials in the U.S., creating a job surplus for Made-in-America manufacturing and a scramble for skilled workers in the U.S., according to the Wall Street Journal.
Japanese machinery-maker Kubota Tractor, IKEA and Lego are among the manufacturers planning reshoring or strategic onshoring moves, the WSJ reported. New semiconductor and electric vehicle battery manufacturing plants supported by federal grants are set to be established in Ohio, Nevada, Georgia, Idaho, Arizona, Texas, and other states over the next few years.
Some U.S.