A Bain survey of 166 CEOs and COOs from late 2024 found 81% indicating their companies have plans to bring supply chains closer to market by nearshoring or reshoring, up from 63% in 2022.

Bain said, “The acceleration of the reshoring trends underlines how heightened geopolitical turbulence and pressures for greater sustainability and reduced carbon footprints, alongside the post-pandemic goal to deliver greater resilience in supply chains, have disrupted the previous business rationale for low-cost offshore manufacturing hubs, tilting the balance towards operations closer to home markets.”

Respondents to a survey of over 500 manufacturers conducted by the Reshoring Initiative in early 2025 indicated that several factors could encourage further reshoring to the U.S. These include a larger pool of highly skilled U.S. workers, a weaker dollar, lower corporate tax rates, regulatory reform, and 15% additional tariffs applied to all imports from all countries. The survey results suggest that if trade policies provide greater certainty — even if they may lead to higher input costs — they could support more investment in U.S. manufacturing.

Of the OEMs surveyed, the top three reasons for reshoring to the U.S. were the benefit of having manufacturing located near engineering, 45%; reduced freight and duty costs, also 45%; and avoiding potential geopolitical risk, 38%.

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