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Auto Recovery From Chip Shortage May Be Long

The auto industry’s recovery from a global semiconductor shortage may be long and require revamping supply chains, according to a report by the Deloitte consulting firm.

U.S.: The Once and Future Manufacturing Leader

The U.S. has not been competitive, so companies sourced offshore to meet consumer and industrial demand for low-priced goods. Fortunately, however, a positive localization trend since 2010 indicates an increasing rate of reshoring by U.S. companies and foreign direct investment by foreign companies.