“In 2024, U.S. manufacturing reshoring and foreign direct investment (FDI) remained strong, driven by companies seeking to shorten supply chains, reduce exposure to geopolitical risks, and avoid costs associated with impending tariffs,” says the report.

After peaking in 2022 with almost 350,000 announced new jobs from reshoring or FDI, the numbers have slipped to almost 245,000 in 2024.

And now “reshoring” (moving jobs back to the U.S. that had previously been offshored) outpaces FDI by the largest margin recorded since tracking began in 2010, with 156,973 reshored jobs versus 87,968 FDI jobs, declares the report.

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