The appearance of foreign threats generally strengthens the economy, helping companies and country focus on essential products and actions. 2022 was no exception. Reshoring plus foreign direct investment (FDI) set a new record of 364,000 manufacturing jobs announced, up 53% from 2021’s record and 60 times from 2010.Amber Thomas, AMT’s vice president – advocacy, and Harry Moser, the Reshoring Initiative’s founder and president, discussed the Initiative’s 2022 data report in this AMT podcast.Competition with China drove the Chips bill and the Inflation Reduction Act (IRA), resulting in hundreds of billions in government incentives to stimulate investment in chips and EV batteries. Many companies are making the same decisions on their own, reducing dependence on Asia in general and China in particular by reshoring or friendshoring.As a result, construction spending for manufacturing facilities reached $108 billion in 2022 – the highest annual total on record. Companies and government are funding local community colleges and universities to recruit and train the needed workforce. It is doable. In Georgia, SK Battery hired 2,600 workers two years ahead of schedule with local, state, and national help.
Recent advocacy News
When a business model works for a century, it’s due to a combination of the strength of its core principles and its ability to adapt to economic, technological, and cultural changes to maintain relevance across multiple generations.
New data reveals OEMs prioritize price, but overlook true sourcing costs. Contract manufacturers say better tools and trained labor are key to restoring U.S. production strength.
The Reshoring Initiative*, in conjunction with the PMA, AMT, NTMA, FMA, and SME is looking to recognize companies for successful reshoring projects.
Sumitomo Drive Technologies received the 2024 National Metalworking Reshoring Award. The award was given in recognition of their success in bringing manufacturing to the United States through foreign direct investment and to Mexico via nearshoring.
The Reshoring Initiative's 2023 report highlights a robust trend in U.S. manufacturing, with 287,000 jobs announced, driven by essential goods, strategic policies, and responses to global events.
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Advocacy
When a business model works for a century, it’s due to a combination of the strength of its core principles and its ability to adapt to economic, technological, and cultural changes to maintain relevance across multiple generations.
Intelligence
New orders of metalworking machinery totaled $387.3 million in July 2025, a 9.5% decrease from June 2025 but a 20.1% increase from July 2024. Machinery orders placed through July 2025 totaled $2.91 billion, up 14.4% over the first seven months of 2024.
International
Despite ongoing tariffs, India’s manufacturing and industrial momentum remains robust. Strong PMI and industrial production growth indicate strong manufacturing output and increased opportunities. For more industry intel and other tidbits, read on.