NC is America’s Top State for Business (CNBC, 2022)
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18 Dec 2023
The U.S. manufacturing sector has been quietly undergoing a resurgence as the widespread disruptions caused by the pandemic brought into sharper focus the criticality of having secure, resilient, well-functioning supply chains. Accelerated by legislative incentives such as the Inflation Reduction Act and the CHIPS and Science Act, this paradigm shift is taking hold as onshoring, reshoring, and nearshoring considerations have significantly intensified among U.S. businesses and governments alike.
This raises the question, is the U.S. ready for a manufacturing renaissance?
With revived efforts to begin reshoring and nearshoring manufacturing to and toward the U.S., several challenges have surfaced, namely the lack of available manufacturing space, labor and talent shortfalls, as well as significant infrastructure improvements required for much-need supply chain efficiency and, ultimately, success.