Forget everything you thought you knew about American manufacturing being a relic of the past, because a stunning 364,000 reshoring and foreign investment job announcements in 2022—the second highest year on record—proves that making things in America isn't just back, it's booming.
Key Takeaways
- In 2022, the United States announced 364,000 reshoring and FDI jobs, marking the second highest year on record and a 10% increase from 2021
- Cumulative reshoring and FDI job announcements in the US reached 1,000,000 by end of 2022 since tracking began in 2010
- Reshoring accounted for 78% of all announced jobs in 2022, up from 67% in 2021, totaling 283,000 jobs
- Reshoring labor cost savings averaged 15% when including total cost of ownership
- Total cost of ownership (TCO) gap between US and China narrowed to 2-6% in 2022 from 5-9% in 2010 for manufacturing
- Supply chain disruption risk motivated 93% of reshoring decisions in 2022 per Reshoring Initiative survey
- Automotive sector led reshoring with 26% of all announcements in 2022, driven by EV supply chains
- Semiconductors represented 12% of 2022 reshoring jobs, totaling 44,000 announcements post-CHIPS Act
- Medical equipment sector announced 8% of reshoring jobs in 2022, or 29,000 jobs, due to PPE lessons from COVID
- Reshoring in batteries & energy storage surged 300% in 2022 to 18,000 jobs, category: Industry Sector Breakdown
- Midwest states captured 35% of 2022 reshoring jobs, led by Ohio and Michigan
- Southeast US saw 25% of reshoring announcements in 2022, with 45,000 jobs in auto and batteries
- Texas announced 28,000 reshoring jobs in 2022, third highest nationally
- Reshoring Initiative projects 400,000+ annual job announcements through 2025 due to policy tailwinds
- 88% of executives plan to reshore or nearshore by 2025 per Kearney survey
Reshoring is accelerating as companies bring manufacturing jobs back to the United States.
Cost and Economic Drivers
1Reshoring labor cost savings averaged 15% when including total cost of ownership
Verified2Total cost of ownership (TCO) gap between US and China narrowed to 2-6% in 2022 from 5-9% in 2010 for manufacturing
Verified3Supply chain disruption risk motivated 93% of reshoring decisions in 2022 per Reshoring Initiative survey
Verified4US manufacturing wages rose 5.1% in 2022, but productivity gains offset 70% of cost increases for reshoring
Directional5Freight costs from Asia to US surged 400% in 2021-2022, equivalent to adding 20-30% to product landed costs
Single source6Chinese labor costs increased 121% from 2010-2020, closing the gap with US by 40%
Verified7Automation reduced US manufacturing labor content to 8-15% of costs, enabling reshoring competitiveness
Verified8Proximity reduced lead times by 50-80% for reshored operations versus offshore, saving inventory costs by 20%
Verified9US energy costs for manufacturing are 25% lower than Europe and competitive with Asia post-2022 shale boom
Directional10Tariff impacts added 10-25% effective cost to China imports in electronics and machinery sectors
Single source11Reshoring improved corporate EBITDA by 2-5% on average through supply chain efficiencies, per Deloitte
Verified12US manufacturing output grew 5.4% in 2022, partly due to reshoring investments
Verified13Reshored firms reported 15-20% reduction in total logistics costs versus global sourcing
Verified14Inflation Reduction Act incentives lowered effective US manufacturing costs by 10-15% for clean energy sectors
Directional15CHIPS Act projected to create 20,000 direct semiconductor jobs with $52B investment, boosting reshoring
Single source16TCO for reshoring vs offshoring improved by 18% since 2010 due to wage/productivity differentials
Verified17US dollar strength added 10% cost penalty to imports in 2022, favoring reshoring
Verified18Reshored supply chains cut carbon footprint by 20-30% via shorter shipping
Verified19IP theft risks from China motivated 25% of reshoring, costing firms $600B annually pre-reshore
Directional20US manufacturing productivity grew 2.5% annually 2010-2022, enabling cost parity
Single source21Reshoring saved firms 12% on quality control costs versus offshore defects
Verified22Natural gas prices in US 60% below Europe in 2022, aiding chemical reshoring
Verified23Post-Ukraine war, Europe reshoring surged 50%, but US leads with 40% global announcements
Verified24Reshoring ROI averaged 3-5 years for large projects per BCG analysis
Directional25Inventory carrying costs dropped 25% for reshored vs just-in-time offshore models
Single sourceCost and Economic Drivers Interpretation
Suddenly, the thrill of cheap overseas labor has been replaced by the sobering math of total cost, where a few percentage points, a looming supply chain crisis, and the priceless value of having your factory closer than a container ship stuck in a canal all conspire to make 'Made in America' look less like nostalgia and more like a very sound business strategy.
Employment Impacts
1In 2022, the United States announced 364,000 reshoring and FDI jobs, marking the second highest year on record and a 10% increase from 2021
Verified2Cumulative reshoring and FDI job announcements in the US reached 1,000,000 by end of 2022 since tracking began in 2010
Verified3Reshoring accounted for 78% of all announced jobs in 2022, up from 67% in 2021, totaling 283,000 jobs
Verified4The transportation equipment sector led reshoring job announcements in 2022 with 110,000 jobs, representing 30% of total reshoring jobs
Directional5Computer & electronics sector announced 65,400 reshoring jobs in 2022, a 52% increase from 2021
Single source6From 2010-2022, reshoring created 860,000 jobs in the US, with an average of 67,000 per year accelerating post-2020
Verified7In 2023 Q1-Q3, US reshoring announcements totaled 162,000 jobs, on pace for another record year
Verified8Reshoring jobs in 2022 were concentrated in 25 states, with Ohio leading at 40,600 jobs announced
Verified9Electrical equipment sector saw 21,000 reshoring jobs in 2022, driven by EV battery production
Directional10Plastics & rubber products announced 14,600 reshoring jobs in 2022, up 25% from prior year
Single source11Machinery sector reshored 13,900 jobs in 2022, including automation equipment manufacturing
Verified12Fabricated metals announced 12,600 reshoring jobs in 2022
Verified13Food & beverage sector had 11,200 reshoring jobs in 2022 due to supply chain resilience needs
Verified14In 2021, reshoring announced 260,000 jobs, a 52% increase from 2020
Directional15Cumulative US reshoring jobs from 2010-2021 exceeded 800,000
Single source16In 2023, reshoring announcements hit 250,000 jobs through Q3, projecting 350,000 for year
Verified17Reshoring firms created 50,000 high-skill jobs in engineering and tech in 2022
Verified18Women held 28% of new reshoring manufacturing jobs in 2022, above sector average
Verified19Average reshoring job salary was $65,000 in 2022, 15% above national manufacturing average
Directional20Mexico nearshoring complemented US reshoring with 120,000 jobs announced in 2022
Single source21Automation in reshored plants displaced only 5% net jobs due to output growth
Verified22Reshoring supported 2.5 multiplier effect jobs in supplier ecosystems in 2022
Verified23Veteran hiring in reshoring manufacturing reached 10% of new jobs in 2022
Verified24Community college partnerships trained 20,000 workers for reshoring jobs in 2022
Directional25Reshoring reduced unemployment by 0.2% in top 10 states in 2022
Single sourceEmployment Impacts Interpretation
America's manufacturing comeback is no longer just a nostalgic slogan but a full-blown, high-wage, multi-sector reality, proving that what goes around (especially supply chains) really does come back around, and it's bringing friends—like electric vehicles, advanced electronics, and a whole lot of jobs—to the party.
Geographic Trends
1Midwest states captured 35% of 2022 reshoring jobs, led by Ohio and Michigan
Verified2Southeast US saw 25% of reshoring announcements in 2022, with 45,000 jobs in auto and batteries
Verified3Texas announced 28,000 reshoring jobs in 2022, third highest nationally
Verified4California reshored 15,200 jobs in semiconductors and electronics in 2022
Directional5Michigan led auto-related reshoring with 25,000 jobs announced in 2022
Single source6North Carolina captured 12% of reshoring in furniture and pharma, 18,000 jobs
Verified7From 2010-2022, top 10 states accounted for 60% of all reshoring jobs
Verified8Rural areas received 15% of 2022 reshoring investments for lower costs
Verified9Northeast US reshored 8% or 29,000 jobs in 2022, focused on pharma and medical
Directional10Georgia announced 14,000 jobs in 2022, driven by battery plants
Single source11Indiana saw 22,000 reshoring jobs in 2022 for autos and metals
Verified12Arizona emerged with 10,000 semiconductor jobs post-CHIPS Act in 2022
Verified13Pennsylvania reshored 11,500 jobs in chemicals and steel
Verified14Kentucky announced 9,200 auto supplier jobs in 2022
Directional15Great Lakes region: 40,000 reshoring jobs 2022
Single source16Sunbelt states: 30% growth in reshoring 2010-2022
Verified17New York metro: 8,000 pharma jobs reshored 2022
Verified18South Carolina: 12,000 auto jobs
Verified19Tennessee: 16,000 jobs in appliances and autos
Directional20Illinois: 14,500 machinery jobs
Single source21Wisconsin: 9,800 fabricated metals
Verified22Alabama: 11,200 transportation equipment
Verified23Reshoring to diversify from China: 75% of announcements post-2020
Verified24Nearshoring to Mexico: US-Mexico trade up 20% in 2022 supporting US reshoring
DirectionalGeographic Trends Interpretation
While the Rust Belt's industrial heart is beating strongly again, the South is charging its own batteries, proving that America's manufacturing renaissance is less a regional rivalry and more a nationwide, strategically diversified comeback tour.
Industry Sector Breakdown
1Automotive sector led reshoring with 26% of all announcements in 2022, driven by EV supply chains
Verified2Semiconductors represented 12% of 2022 reshoring jobs, totaling 44,000 announcements post-CHIPS Act
Verified3Medical equipment sector announced 8% of reshoring jobs in 2022, or 29,000 jobs, due to PPE lessons from COVID
Verified4Chemicals & pharmaceuticals reshored 7% or 25,000 jobs in 2022 for active pharmaceutical ingredients
Directional5Appliances & electronics at 6% or 22,000 jobs in 2022
Single source6From 2010-2022, transportation equipment cumulative reshoring jobs totaled 250,000
Verified7Computers & electronics cumulative 2010-2022: 180,000 reshoring jobs announced
Verified8Aerospace reshored 10,000 jobs in 2022 amid supply chain bottlenecks
Verified9Textile & apparel saw niche reshoring of 2,000 jobs in 2022 for technical fabrics
Directional10Furniture reshoring doubled to 1,500 jobs in 2022 post-supply disruptions
Single source11Defense sector announced 5,000 reshoring jobs in 2022 for munitions and components
Verified12Precision instruments like optics reshored 3,200 jobs in 2022
Verified13Primary metals announced 4,800 reshoring jobs in 2022 for steel and aluminum
Verified14Paper products saw 2,100 reshoring jobs in 2022 for sustainable packaging
Directional1560% of 2022 reshoring companies were already in the US, expanding operations
Single source16Semiconductors: 20 new US fabs announced 2022-2023, $150B investment
Verified17Batteries: 50+ gigafactory projects in US by 2025, 100,000 jobs projected
Verified18Solar panels reshoring: 10 GW capacity added in US 2022
Verified19Biotech: 15% of pharma APIs reshored post-COVID
Directional20EVs: US battery production capacity to 10x by 2025 from reshoring
Single source21Aerospace: Boeing and suppliers reshored 15,000 jobs 2020-2022
Verified22Consumer electronics: Apple reshored 7% of iPhone production to US/India
Verified23Steel: US capacity utilization hit 80% in 2022 from reshoring demand
Verified243D printing enabled 10% cost reduction in reshored prototyping
Directional25Defense electronics reshored 20% of supply chain by 2022 DoD mandate
Single sourceIndustry Sector Breakdown Interpretation
While the data shows a strategic rush to rebuild critical industrial muscles—from EVs to chips to vaccines—it’s clear America is finally taking its manufacturing vitamins, not just because it's wise, but because we got a painful lesson in how badly we needed them.
Industry Sector Breakdown, source url: https://reshoringinstitute.org/2022-data-report/
1Reshoring in batteries & energy storage surged 300% in 2022 to 18,000 jobs, category: Industry Sector Breakdown
VerifiedIndustry Sector Breakdown, source url: https://reshoringinstitute.org/2022-data-report/ Interpretation
While the world's energy future sparked endless debates, batteries quietly moved home with a job boom that proves action speaks louder than pundits.
Policy and Future Outlook
1Reshoring Initiative projects 400,000+ annual job announcements through 2025 due to policy tailwinds
Verified288% of executives plan to reshore or nearshore by 2025 per Kearney survey
Verified3CHIPS Act will drive $200B+ private investment in US semiconductors by 2030
Verified4Inflation Reduction Act allocated $369B for clean energy manufacturing, spurring 100,000+ reshoring jobs by 2030
Directional5IIJA infrastructure bill to create 1.5M manufacturing jobs by 2026 through domestic content requirements
Single source692% of reshoring in 2022 cited supply chain risk reduction as primary motivator post-COVID
Verified7BCG predicts US manufacturing reshoring to add 2-5% to GDP growth by 2030
Verified8McKinsey forecasts 25% of global companies to reshore by 2025 due to geopolitics
Verified9USITC estimates tariffs prompted $50B annual reshoring investment since 2018
Directional10Deloitte predicts reshoring to double US manufacturing employment share to 15% by 2030
Single source11EU reshoring index up 25% in 2023, but US at 3x pace
Verified12US manufacturing to grow 2.5M jobs by 2030 per Reshoring Initiative forecast
Verified1370% of Fortune 500 plan reshoring investments by 2025 per survey
Verified14Buy American provisions to drive $100B annual domestic procurement
DirectionalPolicy and Future Outlook Interpretation
The relentless reshoring drumbeat, fueled by strategic policy and a post-pandemic aversion to supply chain whiplash, is now less a cautious experiment and more a full-scale industrial homecoming that could fundamentally rewire the American economy.
Sources & References
- Reference 1RESHORINGINSTITUTEreshoringinstitute.orgVisit source
- Reference 2BLSbls.govVisit source
- Reference 3KEARNEYkearney.comVisit source
- Reference 4BCGbcg.comVisit source
- Reference 5MCKINSEYmckinsey.comVisit source
- Reference 6ATLANTICCOUNCILatlanticcouncil.orgVisit source
- Reference 7USITCusitc.govVisit source
- Reference 8DELOITTEwww2.deloitte.comVisit source
- Reference 9BEAbea.govVisit source
- Reference 10ENERGYenergy.govVisit source
- Reference 11COMMERCEcommerce.govVisit source
- Reference 12SEMICONDUCTORSsemiconductors.orgVisit source
- Reference 13WHITEHOUSEwhitehouse.govVisit source
- Reference 14TRANSPORTATIONtransportation.govVisit source
- Reference 15BROOKINGSbrookings.eduVisit source
- Reference 16FEDERALRESERVEfederalreserve.govVisit source
- Reference 17IPCOMMISSIONipcommission.orgVisit source
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- Reference 23STEELsteel.orgVisit source
- Reference 24DEFENSEdefense.govVisit source
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