Reshoring refers to the strategic decision made by Businesses to bring their operations back to their home country from overseas locations. In essence, it marks the reversal of the popular offshoring strategy that aimed to reduce costs by relocating operations abroad.
Reshoring has gained momentum in recent years due to Brexit, Covid-19, and the desire to reinvigorate domestic manufacturing. The shift allows Businesses to mitigate supply chain vulnerabilities, enhance quality control and foster closer collaboration with both suppliers and customers.