About the ProjectLarge multinational American companies are starting to bring some of their manufacturing and technology operations back home to the United States in a new movement called reshoring. This trend is gaining steam and could have serious implications for global business operations, employment levels, government relations and economic growth. Scott Staples, co-founder and Americas President of Mindtree, an IT services firm, is at the forefront of the reshoring movement in the tech industry in the U.S. and Wharton professor Morris Cohen is a leading researcher on reshoring trends in U.S. manufacturing. Both men sat down with Knowledge@Wharton to discuss the current state of reshoring, the factors driving this trend and the uncertain future that awaits us.
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In the first part of their conversation with Knowledge@Wharton, Scott Staples, co-founder and Americas president of Mindtree, and Wharton professor Morris Cohen discuss the emerging phenomenon of reshoring, or the return of jobs that may have moved offshore in the past.
In part two, Scott Staples of Mindtree and Wharton’s Morris Cohen identify the major factors that are responsible for the reshoring phenomenon and what they mean for corporations and their operations.
In the final part of their discussion, Mindtree’s Scott Staples and Morris Cohen of Wharton explore how reshoring will evolve over the next few years.