18 May 2020 -

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.”

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