Economic uncertainties and investment in U.S. manufacturing have driven significant growth in essential industries, leading to increased job announcements, particularly in the Southern U.S., with reshoring at an all-time high. This surge in manufacturing jobs highlights the critical need for resilient supply chain solutions that can adapt to rapid changes and increased demands. PRIMO’s extended network and advanced freight management capabilities directly address the growing need for efficient and reliable logistics services amidst the reshoring trend.

• Job Announcements: In 2023, reshoring and foreign direct investment (FDI) led to 287,000 job announcements, the second highest year on record.
• Government Support: Significant growth in essential industries like EV batteries, semiconductor chips, and solar energy, driven by the Inflation Reduction Act and other subsidies.
• Geopolitical Risks: Increasing global risks, such as political tensions and climate change, are driving the reshoring trend.
• Regional Focus: The Southern U.S. remains the most competitive manufacturing region, with a significant portion of job announcements and investments.

Reference: mhlnews.com