Iván Hernández Dalas: MISUMI Americas releases reshoring report, supports manufacturing training bill
U.S. manufacturing reached a record $2.91 trillion in value. Source: MISUMI Americas Labor shortages and a desire for national self-reliance are driving reshoring of production to the U.S. But how much reshoring is actually happening? MISUMI Americas today released its report on The Rise of U.S. Manufacturing , which has compiled mostly positive statistics. Demographics is driving investment automation, as manufacturers struggle to mitigate the growing workforce challenge. The industry will need 3.8 million more workers by 2033, and 1.9 million of those positions could go unfilled, according to The Manufacturing Institute and Deloitte. Of that 3.8 million, about 2.8 million comes from workers retiring and the remainder from new growth, including jobs tied directly to the CHIPS Act, the Inflation Reduction Act, and the Infrastructure Investment and Jobs Act. More than 65% of manufacturers have cited attracting and retaining talent as their single biggest business challenge. Investm...