In 2021, the private and federal push for domestic supply of essential goods propelled reshoring and foreign direct investment (FDI) job announcements to a record 261,000, bringing the total jobs announced since 2010 to over 1.3 million.
For the second year in a row, reshoring exceeded FDI by 100%, in contrast to 2014 through 2019 when FDI exceeded reshoring. Additionally, the number of companies reporting reshoring and FDI set a new record of more than 1,800 companies. The data report discusses the trend and how reshoring will continue to be key to US manufacturing and economic recovery.
For more information or to see the full Reshoring Initiative 2021 Data Report, visit www.reshorenow.org.