(IW – Adrienne Selko: 8-25-16) From January 2010 until July 2016 the Reshoring Initiative estimates that 265,000 jobs have come back to the United States from abroad.
The Reshoring Initiative’s 2015 Reshoring Report found that the reasons companies gave for coming back to the U.S. included:
- Government incentives
- Proximity to customers
- Skilled workforce
At the same time, companies cited lower quality, supply interruption (this category had the largest increase from last year), high freight costs and delivery as leading problems offshore. Cumulatively, rising wages and total cost have been major drivers in reshoring decisions.
Regionally, the trend remained strongest in the Southeast and Texas, but in 2015 the West displaced the Midwest to hold second place for most jobs shifted from offshore.
See below the list of some of the companies that have brought jobs back. The list was compiled by the Reshoring Initiative for 24/7 Wall St. and is based on company announcements.
Ford – 3200 jobs that went to Georgia
Boeing – 2200 jobs that went to Missouri
General Electric – 2656 jobs that went to Kentucky, New York and Ohio
General Motors – 2345 jobs that went to Tennessee and Michigan
Caterpillar – 2100 jobs that went to Georgia and Texas
Flextronics – 1700 jobs that went to Texas
Farouk Systems – 1200 jobs that went to Texas
Mars – 1000 jobs that went to Kansas