By Jenel Stelton-Holtmeier, MDM.com
While it may still be too early to call "reshoring" a trend (see Manufacturing May Be Coming Back Home), if the President has his way, it soon will be. Last week, the White House announced a plan to encourage American companies to "insource."
With the "insourcing initiative," the administration says it hopes to encourage growing and new companies to keep factories and production facilities in the U.S. and incentivize a return from overseas.
The announcement laid out five areas the administration plans to focus on to attain this.
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