Reshoring Chip Manufacturing - Key Hurdles and Actionable Tips

Due to the relentless disruptions supply chains have faced in recent years, governments and companies are turning to reshoring and nearshoring. The $550 billion US infrastructure package is set to raise construction spending by $1 trillion over 5-10 years, fueled by semiconductor, aerospace and defense, high-tech, and automotive industries. As a result, critical materials like concrete, steel, and lumber will see demand and price fluctuations. However, a skilled labor shortage which could leave over 2.1 million US manufacturing jobs vacant by 2030, poses a significant risk.