Reshoring

Reshoring is essentially the opposite of offshoring, it is a term used to describe the act of bringing back offshored manufacturing to a country. In the beginning of 2011, for the most part, most people thought that this was just impossible, that there would be no reshoring to the U.S. or UK, that everything was going to China, manufacturing was leaving both countries and it will never come back and I think the striking thing is how much that’s changed in the last three years. You went to China because it was just so cheap you couldn’t help it; but if you’ve got the engineers and people in the U.S. or UK, and the customer base in the U.S. or UK, you’d like to be close to the customer. It gives you a shorter supply chain.