As reshoring and nearshoring gain momentum, many are rethinking the location of their manufacturing footprints. In this #industryinsight, we explore both the benefits and challenges of #reshoring and #nearshoring, and how advances in automation enable cost-competitive domestic manufacturing: https://hubs.la/Q02FJG9b0 Thank you to Futura Automation, LLC and RESHORING INITIATIVE for their insights.
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Reshoring is gaining momentum — a lot of it. Manufacturers are rapidly bringing production back to the United States from overseas or at least closer to home in a related move called nearshoring. Both reshoring and foreign direct investment have grown, from generating 11,000 new U.S.-based jobs per year in 2010 to more than 300,000 in 2022, and another 180,000 jobs recorded in just the first half of 2023. Advances in automation are playing a big role in this phenomenon by helping domestic producers to overcome many of the challenges that drove production offshore in the past. Learn more from Harry Moser featured in Automate.org: https://lnkd.in/eDxWzWu5 #fastenernews #fasteners #manufacturing #reshoring #supplychain #automation #usmfg
Reshoring and Nearshoring Trends
automate.org
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In the rapidly changing landscape of global manufacturing, onshoring has gained prominence as businesses rethink their strategic efficiency and adapt to evolving challenges. Factors like escalating offshore production costs, supply chain disruptions, and the pursuit of greater control have fueled the onshoring trend. As a result, the demand for industrial space has surged, driving industrial development across the country. In this article, we explore how on-shoring affects the industrial space sector and its implications for businesses navigating the changing manufacturing landscape. #CRE #Industrial #Manufacturing #Onshoring #TenantTips #TenantRep #CorporateRealEstate https://hubs.ly/Q02f737k0
Will The Trend Towards Onshoring Increase Demand for Industrial Space?
ioptimizerealty.com
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In the rapidly changing landscape of global manufacturing, onshoring has gained prominence as businesses rethink their strategic efficiency and adapt to evolving challenges. Factors like escalating offshore production costs, supply chain disruptions, and the pursuit of greater control have fueled the onshoring trend. As a result, the demand for industrial space has surged, driving industrial development across the country. In this article, we explore how on-shoring affects the industrial space sector and its implications for businesses navigating the changing manufacturing landscape. #CRE #Industrial #Manufacturing #Onshoring #TenantTips #TenantRep #CorporateRealEstate https://hubs.li/Q02vRTHX0
Will The Trend Towards Onshoring Increase Demand for Industrial Space?
ioptimizerealty.com
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International trade executive with strong customer focus for mitigating trade risks! And yes, I am 100% a trade nerd!
I have always been a fan of looking within ones borders to see what resources are available and then broaden out into other markets. Forbes did an excellent article here on strategies for nearshoring which I found to be very informative. 2023 was a very big year for companies looking to take advantage of nearshoring and I strongly believe 2024 will also be following that direction as well. https://lnkd.in/eD6zqS4J
Council Post: Manufacturing Automation Strategies For Nearshoring In 2024
forbes.com
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In the rapidly changing landscape of global manufacturing, onshoring has gained prominence as businesses rethink their strategic efficiency and adapt to evolving challenges. Factors like escalating offshore production costs, supply chain disruptions, and the pursuit of greater control have fueled the onshoring trend. As a result, the demand for industrial space has surged, driving industrial development across the country. In this article, we explore how on-shoring affects the industrial space sector and its implications for businesses navigating the changing manufacturing landscape. #CRE #Industrial #Manufacturing #Onshoring #TenantTips #TenantRep #CorporateRealEstate https://hubs.li/Q02v14pv0
Will The Trend Towards Onshoring Increase Demand for Industrial Space?
ioptimizerealty.com
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In the rapidly changing landscape of global manufacturing, onshoring has gained prominence as businesses rethink their strategic efficiency and adapt to evolving challenges. Factors like escalating offshore production costs, supply chain disruptions, and the pursuit of greater control have fueled the onshoring trend. As a result, the demand for industrial space has surged, driving industrial development across the country. In this article, we explore how on-shoring affects the industrial space sector and its implications for businesses navigating the changing manufacturing landscape. #CRE #Industrial #Manufacturing #Onshoring #TenantTips #TenantRep #CorporateRealEstate https://hubs.li/Q02dtctq0
Will The Trend Towards Onshoring Increase Demand for Industrial Space?
ioptimizerealty.com
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In the rapidly changing landscape of global manufacturing, onshoring has gained prominence as businesses rethink their strategic efficiency and adapt to evolving challenges. Factors like escalating offshore production costs, supply chain disruptions, and the pursuit of greater control have fueled the onshoring trend. As a result, the demand for industrial space has surged, driving industrial development across the country. In this article, we explore how on-shoring affects the industrial space sector and its implications for businesses navigating the changing manufacturing landscape. #CRE #Industrial #Manufacturing #Onshoring #TenantTips #TenantRep #CorporateRealEstate https://hubs.li/Q02nVPFM0
Will The Trend Towards Onshoring Increase Demand for Industrial Space?
ioptimizerealty.com
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In the rapidly changing landscape of global manufacturing, onshoring has gained prominence as businesses rethink their strategic efficiency and adapt to evolving challenges. Factors like escalating offshore production costs, supply chain disruptions, and the pursuit of greater control have fueled the onshoring trend. As a result, the demand for industrial space has surged, driving industrial development across the country. In this article, we explore how on-shoring affects the industrial space sector and its implications for businesses navigating the changing manufacturing landscape. #CRE #Industrial #Manufacturing #Onshoring #TenantTips #TenantRep #CorporateRealEstate https://hubs.li/Q02yBzcH0
Will The Trend Towards Onshoring Increase Demand for Industrial Space?
ioptimizerealty.com
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In the rapidly changing landscape of global manufacturing, onshoring has gained prominence as businesses rethink their strategic efficiency and adapt to evolving challenges. Factors like escalating offshore production costs, supply chain disruptions, and the pursuit of greater control have fueled the onshoring trend. As a result, the demand for industrial space has surged, driving industrial development across the country. In this article, we explore how on-shoring affects the industrial space sector and its implications for businesses navigating the changing manufacturing landscape. #CRE #Industrial #Manufacturing #Onshoring #TenantTips #TenantRep #CorporateRealEstate https://hubs.li/Q02djqkK0
Will The Trend Towards Onshoring Increase Demand for Industrial Space?
ioptimizerealty.com
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In the rapidly changing landscape of global manufacturing, onshoring has gained prominence as businesses rethink their strategic efficiency and adapt to evolving challenges. Factors like escalating offshore production costs, supply chain disruptions, and the pursuit of greater control have fueled the onshoring trend. As a result, the demand for industrial space has surged, driving industrial development across the country. In this article, we explore how on-shoring affects the industrial space sector and its implications for businesses navigating the changing manufacturing landscape. #CRE #Industrial #Manufacturing #Onshoring #TenantTips #TenantRep #CorporateRealEstate https://hubs.li/Q024rYqK0
Will The Trend Towards Onshoring Increase Demand for Industrial Space?
ioptimizerealty.com
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