U.S. Manufacturers Plan To Expand Production At Home Instead Of Abroad
A new ABB survey of 1,610 U.S. and European manufacturing executives found companies are planning to move production closer to home. Specifically, as reported in IndustryWeek, seven in 10 U.S. manufacturing executives said their companies are already planning to move new production closer to home. More than one-third, 37 percent, plan to move existing operations back to the United States. Additionally, more than 40 percent of executives said they will use automation and robotics to make their supply chain more resilient.
Meanwhile, the U.S. government continues to work to address the country’s supply chain challenges. Last week, Secretary of Commerce Gina Raimondo met with the Advisory Committee on Supply Chain Competitiveness (ACSCC) to receive updates, hear recommendations, and gather additional feedback on supply chain-related issues.
The ACSCC is preparing recommendations that are focused on issues such as getting people back to work, fostering growth in domestic manufacturing, sustainability, federal investment to support supply chain resiliency, increasing U.S. exports, and promoting and developing the freight industry workforce. Click here to read more about the ACSCC’s work.