The Reshoring Imperative

The Covid-19 pandemic brought tragedy and disruption to America. But it has also provided another stark warning concern­ing the country’s disastrous overreliance on overseas production. It has demon­strated that without a strong, self-reliant industrial base, this country’s ability to forge a healthy, prosperous future—and even its ability to defend itself against foreign enemies—will be severely compromised.

The fact that the world’s largest, and theoretically most advanced, economy could not provide basic medical equipment like masks or the basic components of pharmaceuticals came as a shock, particularly as the country was forced to lean on its leading geopolitical rival, China, to address a health emergency that originated there. These developments have stirred some businesses and politicians in both parties to seek ways to encourage domestic production.

Read Full Article »