Reshoring Initiative and Walmart Helping Suppliers Reshore
The Reshoring Initiative recently announced a program in partnership with Walmart to help companies manufacture more consumer products in the United States.
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Established in 2010, The Made in America Movement is the leading independently owned, non-partisan organization promoting businesses in the USA, reaching over 520,000 American consumers.
The Reshoring Initiative recently announced a program in partnership with Walmart to help companies manufacture more consumer products in the United States.
It took less than a year for America’s factory output to rebound from the 1991 recession. It took 3½ years to bounce back from the 2001 recession. Now, six years clear of the Great Recession, manufacturing output still hasn’t returned to the pre-crisis levels it reached in 2007, according to revised economic data from the Federal Reserve.
Growing trade deficit and the collapse of manufacturing output following the Great Recession are directly responsible for the loss of 5 million U.S. manufacturing jobs that occurred between 2000 and 2014. As the figure below shows, manufacturing started rapidly declining in 2000, just as the U.S. manufacturing trade deficit began to rise sharply. A rising […]
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