To Secure Energy Needs, the U.S. Must Reshore Vital Resources

July 30, 2024

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By simplifying and regionalizing its supply chains, the United States can secure its production networks against logistical and security hazards, reduce costs, and hedge against inflation.

Offshoring — the desire to find the cheapest possible location to source, refine, or produce a good — is laden with controversy. Since the mid-20th century, “offshoring” has been a corporate buzzword synonymous with driving more substantial profit margins and damaging the American job market by outsourcing most manufacturing work. However, recent events have caused or revealed flaws in the offshoring-centric business model. The COVID-19 pandemic, Russia’s war in Ukraine, and growing security concerns with China are the most prominent of a long list of incidents that strained or even broke the long and impossibly complicated supply chains that resulted from the better part of a century of offshoring.

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