Reshoring – is it a significant trend?

During many years, China has been a place where European and American companies moved their manufacturing facilities, mostly in order to take advantage of cheaper labor. “Reshoring” is the opposition of offshoring, it means moving said facilities back to the companies’ home countries. Several media outlets have jumped on a reshoring bandwagon, claiming that the “cheap China” period has ended, and publicizing some of the most famous cases, such as Caterpillar or Philips.

reshoring-china

Continue reading