In: Economics
US Reshoring will be powerful economic force 2020-2025, Agree or Disagree
*agree
Reshoring is going to boost the manufacturing sector and will also increase jobs as a result of which,employment will increase to a great extent.over 1300 companies have announced their plans for reshoring which will positively impact manufacturing plants,supply chains and supporting services.there will be investment opportunities in automation and industrial sector.
Currently most of the millenials are not buying automobiles but after sometime,demand for automobiles will increase and automation industry will expand creating many employment opportunities.americas manufacturing sector could expand by$130 billion creating 5 million jobs in coming years.
Because of all these reasons,US reshoring will be powerful economic force-2020-2025.