Reshoring Initiative 2024 Annual Report

The Reshoring Initiative’s Annual Report provides detailed data and analysis on U.S. reshoring by domestic companies and foreign direct investment (FDI) by foreignheadquartered firms shifting production or sourcing to the U.S. In 2025, these trends are being shaped by the Trump administration’s shifting tariff, tax and industrial policies. While we expect these measures to ultimately boost reshoring and FDI, ongoing uncertainty and mixed messaging have slowed many announcements and delayed action.

There are many announcements of projects that are “in the works," and many “solid” announcements from recent years that may be cancelled. In response, this year’s report has been shortened and adjusted to combine key findings from 2024 with updates and insights from 1Q2025. Results from our 1Q2025 National Reshoring Survey have also been included.