18 May 2020 -
 General

U.S. manufacturing’s coming home, suggests Thomas survey

A recent industrial survey conducted by Thomas, the product sourcing and supplier platform, reports that 64% of those polled are likely to bring manufacturing production and sourcing back to North America — a 10% increase from the same sentiment reported in its March survey.

Of those companies, 20% stated they are extremely likely to reshore, compared to only 9% in March, says Thomas. There’s “strong Faith in North American manufacturing: while 41% of manufacturers are predicting a decrease in demand as a result of the outbreak, 91% are confident that the sector as a whole will recover.”

EETimes comments on this report here. They say, “The pandemic has exposed vulnerabilities in global supply chains as well as western dependence on mostly Chinese manufacturers for everything from electronics components to pharmaceuticals.”

Astute Electronics – Bringing you Safe Supply with the latest insights from trusted sources.

Related News

17 Apr 2024 - General

India’s semiconductor sector riding wave of global demand

Read more

15 Apr 2024 - General

Taiwan chipmakers eye Japan as security, costs rise

Read more

15 Apr 2024 - General

Memory price hikes loom after Taiwan quake

Read more

11 Apr 2024 - General

Semiconductor sales maintain upward momentum

Read more

05 Apr 2024 - General

Intel shooting for gold in competition for global semiconductor production

Read more

04 Apr 2024 - General

Counterfeit chip threat surges, supply status irrelevant, says ERAI

Read more