US Manufacturers ‘Pumped Up’ About Supply-Chain Reshoring Trend

US companies are acknowledging that reshoring -- once the subject of talk but no groundswell of action -- is accelerating, with at least one executive being “pumped up” about critical supply lines shifting away from nations such as China.

“This reshoring, nearshoring, whatever they’re calling it this week is real, and we’re pumped up about it,” Jim Hoffman, the CEO of Reliance Steel & Aluminum Co. of Scottsdale, Arizona, said on a recent earnings call. “It’s going to fit right in our wheelhouse.”

According to a report Wednesday, Deloitte said some 62% of manufacturers it surveyed have ...