Study: U.S. Manufacturers Leaving China

Forbes reports on a recent study that finds more U.S. manufacturers are either leaving China or contemplating an exit. The U.S.-China trade war and supply chain disruption due to COVID-19 are driving factors.

According to global manufacturing consulting firm Kearney and its seventh annual Reshoring Index, there has been a “dramatic reversal” in the index’s five-year trend “as domestic U.S. manufacturing in 2019 commanded a significantly greater share versus 14 Asian exporters tracked in the study,” 4/13/2020