Making Money Minute - September 16, 2025
Update: 2025-09-26
Description
Making Money Minute with Ron Hiebert - Reshoring Opportunities
Reshoring, is the term used to describe companies bringing a chunk of their business back home from outside the country. The problem with Reshoring to a place like United States or Canada, is that labor costs are generally so high, that products made there, aren’t competitive in the global market place. The only way many domestic factories can compete, is for them to be automated. Reshoring might bring manufacturing back home, but jobs aren’t likely. The big winners will be the companies that construct the factories and automate them.
Reshoring, is the term used to describe companies bringing a chunk of their business back home from outside the country. The problem with Reshoring to a place like United States or Canada, is that labor costs are generally so high, that products made there, aren’t competitive in the global market place. The only way many domestic factories can compete, is for them to be automated. Reshoring might bring manufacturing back home, but jobs aren’t likely. The big winners will be the companies that construct the factories and automate them.
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