American Factories Are Making Stuff Again As CEOs Take Production Out of China

Long-time Slashdot reader schwit1 quotes a (paywalled) article from Bloomberg: There has been a sense in financial circles that the fever among American executives to shorten supply lines and bring production back home would prove short-lived. As soon as the pandemic started to fade, so too would the fad, the thinking went.

And yet, two years in, not only is the trend still alive, it appears to be rapidly accelerating. 'This is just economics,' says one executive who made the move

National Review shared some telling excerpts from the article:

The construction of new manufacturing facilities in the US has soared 116% over the past year... There are massive chip factories going up in Phoenix: Intel is building two just outside the city; Taiwan Semiconductor Manufacturing is constructing one in it. And aluminum and steel plants that are being erected all across the south... Scores of smaller companies are making similar moves, according to Richard Branch, the chief economist at Dodge.

Not all are examples of reshoring. Some are designed to expand capacity. But they all point to the same thing — a major re-assessment of supply chains in the wake of port bottlenecks, parts shortages and skyrocketing shipping costs that have wreaked havoc on corporate budgets in the US and across the globe....

In January, a UBS survey of C-suite executives revealed the magnitude of this shift. More than 90% of those surveyed said they either were in the process of moving production out of China or had plans to do so. And about 80% said they were considering bringing some of it back to the US. (Mexico has also become a popular choice.)

Read more of this story at Slashdot.