A Heightened Focus on Reshoring

24 Aug 2020


The COVID-19 pandemic exposed the risks inherent in the global supply chain, particularly the worldwide reliance on China for medical supplies. The supply chain turbulence experienced during the pandemic undoubtedly will impact future business decisions, extending beyond medicine to other industries, including electronics, aerospace, automobiles, defense, consumer products, and technology.

Incentivizing Reshoring
Manufacturing companies accelerated moving production to low-cost manufacturing countries (known as offshoring) in the early 1990s. In the rush to globalize, key manufacturing sectors were abandoned in the United States. But now that the vulnerabilities of doing so have been exposed, there is talk of “de-globalization,” or reshoring.

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Welcome to Region 5 — and The Good Life

Located at the heart of Minnesota’s 10,000 lakes, Region 5 is a destination for recreation, industry, and employment.

Fast Fact Photo
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