Detailed Findings & Methodology
While companies have been under significant pressure over the past decade to invest in the domestic manufacturing sector, many of the companies bringing the most jobs back to America are not necessarily doing so for political reasons. Some of the most common reasons cited for reshoring manufacturing jobs are to capitalize on the brand value of the Made in USA label, proximity to the U.S. customer base, the country’s skilled workforce, and government incentives.
Many companies have also cited Walmart’s pledge to buy $250 billion of American-made products between 2013 and 2023 as a primary reason for shifting operations to the United States. The pledge has reduced some of the risk of relocating production to the United States and has helped companies such as Element Electronics, which won a contract with Walmart shortly after opening a small flat-screen television plant in Michigan, make the decision to reshore.
To determine which manufacturers are bringing the most jobs back to America, 24/7 Wall St. used data provided by the Reshoring Initiative based on reshoring announcements from 2010 through the first quarter of 2018. Data is based on reshoring announcements and press releases gathered and quantified by the Reshoring Initiative. Only companies that had already completed significant offshoring projects, or had specifically chosen to manufacture in the U.S. over offshore options, were considered. Companies were ranked based on the total number of jobs they plan to add or retain in the United States through domestic capital investments.