New CIRAS paper shows Iowa Industries may be at a Reshoring Tipping Point
Manufacturing jobs that fled U.S. soil decades ago for cheaper overseas labor might now be poised to come back – but only in certain sectors and only a little at a time, according to a newly released white paper from two CIRAS experts.
The upshot for Iowa is that producers in a handful of tipping-point industries should be keeping a close eye on labor and energy prices. In some cases, CIRAS experts say, those numbers could prove that manufacturers are paying too much to foreign suppliers or that U.S.-based suppliers are missing an opportunity.