Factory construction in the United States is surging as more American companies consider reshoring their production. Reshoring is the process of bringing back production and manufacturing of goods to a firm’s original country.
An analysis of earnings calls and conference presentations by Bloomberg revealed CEOs indicating plans to relocate production at a greater rate in 2022 than during the first six months of the pandemic. The analysis is based on the usage of buzzwords like reshoring, onshoring, or nearshoring.
