Skip to Content
Bank of America Coronavirus Resource Center See details

Reshoring: The Next Great Global Trend

Reshoring: The Next Great Global Trend

As Americans continue to adjust to life during the coronavirus, a significant shift in the way companies manufacture their products is also gaining momentum. It’s called “reshoring” and it’s steadily reversing a multi-decade globalization trend, where companies moved their operations and supply chains overseas—notably to China.  What forces are driving this new localization trend, and how might it affect our everyday lives?

Photo of a cityscape juxtaposed with images of line graphs at the top and bottom of the image. These graphs are overlaid on top of latitude and longitude lines

Listen to the podcast

Reshoring: The Next Great Global Trend

Read Full Transcript

In this episode of the Perspectives podcast, our hosts, Candace Browning, Chris Hyzy and Vikram Sahu, explore these questions. They explain why the global health crisis is actually accelerating the decision by many companies to move where they produce and source things back to their own shores. 

They also look at potential risks, such as rising tensions with China and heightened market volatility as economies adjust to the changes. And they consider benefits reshoring could offer over the longer term here in the U.S., including a new wave of job creation, increased investment in areas like infrastructure and manufacturing, and the potential to help more disadvantaged communities gain greater access to economic opportunities. 

HOST:

Candace Browning

Headshot of Candace Browning

Head of BofA
Global Research

HOST:

Vikram Sahu

Headshot of Michael Hartnett

Head of Asia Pacific
Research for BofA
Global Research

HOST:

Christopher M. Hyzy

Headshot of Christopher M. Hyzy

Chief Investment Officer
Merrill and Bank of America
Private Bank

Related Insights

TOP