The North American Manufacturing Trends Q4 2021 Report reveals reshoring and market investment trends by examining the responses from 899 industry buyers including:
- Significant Increase in Reshoring Interest: 61% of manufacturers indicate they are ‘likely to extremely likely’ to reshore (up from 21% in March 2020).
- 66% of Manufacturing Companies Plan to Increase Domestic Manufacturing Capacity: Companies are planning to hire more employees (68%), add new suppliers (58%), and introduce new technologies (35%) in 2022.
- Prioritizing Availability (90%) Over Price Per Unit: Industrial buyers are optimizing for product and service availability in 2022 possibly resulting in high tolerance for price elasticity.
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