Reshoring

Reshoring is the practice of bringing manufacturing or sourcing operations back to the buyer’s domestic market after previously offshoring them to lower-cost regions. It is driven by rising overseas labor costs, supply chain disruptions, quality concerns, and a desire for shorter lead times.

Reshoring can reduce total cost of ownership when factoring in logistics costs, inventory requirements, quality issues, and IP protection risks. Government incentives and tariff policies have accelerated reshoring trends in the US and EU. Speya (formerly Find My Factory) helps companies explore reshoring options by connecting them with domestic and regional manufacturing partners.