The Black Book of Reshoring

How to conduct business profitably in the new era of reshoring and economic nationalism First published in 2005, The Black Book of Outsourcing quickly became a definitive guide for businesses navigating the complexities of offshore outsourcing, offering strategies and insights that shaped corporate decision-making during the height of globalization. Now, 20 years later, the world has changed dramatically. The Black Book of Reshoring: The Essential Guide to America's New Manufacturing Boom delivers key insights into how the global economic landscape has shifted, showing how the once-unquestioned dominance of offshore outsourcing has given way to a new era of reshoring and economic nationalism. This book includes information on tariffs, supply chain vulnerabilities, and the COVID-19 pandemic, which have exposed the flaws in globalization’s model, leading to a reversal in course as businesses and governments prioritize domestic production, resilience, and sovereignty. This book offers: Practical frameworks and strategies for businesses considering reshoring, including insights on technology, workforce development, and supply chain resilience Case studies from leading companies like Tesla, GE, and Pfizer, illustrating the challenges and opportunities of reshoring in industries such as semiconductors, EVs, pharmaceuticals, and consumer goods A forward-looking perspective on the future of trade, globalization, and economic sovereignty The Black Book of Reshoring is an essential read for all business professionals seeking up-to-date information on trends, strategies, economic impacts, and best practices in reshoring and homeshoring.

Preface xi Introduction 1 Part I Fault Lines of Globalization 5 1 The Great Repricing: Why Making Things in America Wins Again 7 2 Industries on the Frontlines: Rebuilding America’s Competitive Edge 17 3 Reshoring’s Reality Check: Frictions, Execution, and the Services Renaissance 26 4 Fault Lines Become Fractures: Populism, Protectionism, and Disorder 36 5 Beyond the Factory Floor: Reshoring Services in a Digital World 48 6 Fractured World, Remade Rules: Geopolitics, Tech Rivalry, and the New Architecture of Power 59 Part II Sectoral Shifts and Strategic Industries 73 7 Reshoring Realities: The Grit, Gaps, and Hope Behind a New Industrial Age 75 8 Resilience Under Siege: How Reshoring Holds Up When the Shocks Hit 86 9 From Shock to Strategy: Building the Reshoring Playbook 96 10 Automation and the Reshoring Workforce: Redefining Jobs in the New Industrial Age 103 11 Reshoring’s Reality Check: Between Headlines and Hard Limits 112 12 Resilience by Design: Building the Next Era of Industrial Strength 122 13 How the World Reacts to America’s Reshoring Wave 129 14 Globalization vs. Nationalism: Finding the Sweet Spot 136 15 North America’s Fragile Alliance 143 16 Beyond the Factory Floor: Reshoring Services in a Digital, Data- Driven World: The Hidden Half of Reshoring 150 17 When Reshoring Fails 160 18 The Reshoring Playbook: Strategies That Work 168 19 America’s Talent Challenge: Preparing the Workforce for Reshoring and New Technologies 176 20 The New American Renaissance: Building a Future of Resilience, Innovation, and Shared Prosperity 184 Part III Energy, Health, and the New Arsenal 195 21 Manufacturing Reshored: Reinventing the American Factory 197 22 Pharmaceuticals and Biotech: Sovereignty and Survival in Healthcare 208 23 EVs, Batteries, and Energy: Building the New Industrial Base 220 24 Services Reshored: Call Centers, IT, Healthcare, and the Hidden Half of the Renaissance 230 25 Reskilling in the Age of AI and Automation: Equipping Workers for Factories That Think 242 26 Communities Reborn 251 27 The Four Anchors of Industrial Renewal: A Playbook for America’s Renaissance 269 28 The Road Ahead: Sustaining Momentum in a Fractured World 276 29 Future Horizons: Building the Next Industrial Era 283 Part IV Appendixes: Reshoring Resource Manual 289 Appendix A. Key Statistics, History, and Trends in Reshoring 291 Appendix B. Timeline of Outsourcing to Reshoring: Four Decades of Shifts in Global Strategy 295 Appendix C. Practical Frameworks and Toolkits for Successful Reshoring 299 Appendix D. Key Metrics and KPIs for Measuring Reshoring Success 305 Appendix E. Policy and Incentive Programs: Federal, State, and Local 311 Appendix F. Organizations, Associations, and Advocacy Groups Supporting Reshoring 319 Appendix G. Financing and Investment Partners for Reshoring 323 Appendix H. Field Manual for Governors, County Executives, and City Councils 327 Appendix I. Consultations and Advisory Services Black Book Insights: A Resource for Reshoring 335 Appendix J. Global Benchmark Data Tables 339 Appendix K. Practical “How- To” Reshoring Checklists 345 Appendix L. Directory of Training and Apprenticeship Resources 349 Epilogue 355 Glossary 357 Further Reading and References 367 About the Author 373 Index 375