Thomas News Highlights

News Highlight

Supply Chain Management Review: Reshoring is Booming – Some Astonishing Statistics to Ponder

Thomasnet surveyed over 500 industrial buyers - 83% of these buyers said they intended to find and place 10-12% more orders with domestic suppliers this year than last.  Based on Thomasnet’s collected buying data from past years as compared with next year, this simple change – buying 10%-12% more U.S.-made products - could inject $443 Billion into the US economy. WOW!


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News Highlight

Plastics Today: Reshoring Surges to Record High

Thomas released its findings in the “2021 State of North American Manufacturing Annual Report.” A provider of actionable data, analysis, and tools supporting industrial procurement, Thomas canvassed the North American manufacturing and industrial sectors. While the report reveals multiple shifts in domestic sourcing trends and supply-chain demands, the key takeaway is industry’s growing prioritization of reshoring in the aftermath of COVID-19 and the associated benefits of this shift for the US economy.

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