BDO: 22% of companies plan to reshore to US
10 Feb 2021
While optimism is returning to the economy, 83% of U.S.-based chief financial officers (CFOs) expect their company to take up to a year to recover, according to the 2021 BDO Manufacturing CFO Outlook Survey.
Of the 100 CFOs polled for the survey, 24% also said they plan to relocate their supply chains to another country in 2021, with the U.S. topping locations manufacturers saw as the most stable market to source materials.
The survey was conducted in September, polling 100 manufacturing industry CFOs for companies with revenues ranging from $250 million to $3 billion.