Onshoring, the act of transitioning the manufacture of goods by U.S. companies from overseas to domestic production, has been a recent focus of federal policymakers. Onshoring is a relatively rare phenomenon for businesses, but small firms made up 99.4 percent of all onshorers in 2022. The available data also indicates that the Wholesale, Retail, and Manufacturing industries represent 70 percent of all onshoring firms.
FACT SHEET: Small Firms Lead in Onshoring
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AUTHOR: Office of Economic Research
TOPIC(S): Fact Sheet