The resurgence of manufacturing

The reconfiguration of global supply chains and manufacturing capacity, with the aim of bringing them closer to, or within, domestic markets, has gained momentum in Europe and the US. According to the Capgemini Research Institute’s latest report, “The resurgence of manufacturing: reindustrialization strategies in Europe and the US,” 47% of large European and US organizations have already invested in reshoring their manufacturing production and 72% are currently developing a strategy for reindustrialization or already have one in place. The majority having initiated these strategies within the past two years. A majority of business leaders believe reindustrialization will help their organizations meet climate goals with an expected carbon reduction of 13.6% on average in the next three years