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Report points to trends favoring 'onshoring'
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A new report by TD Bank predicts some manufacturing may return to the United States and Canada in the coming years. “Onshoring is still in its infancy and largely limited to anecdotes. However, the scales are beginning to rebalance for some industries as global conditions evolve,” wrote Michael Dolega, a Toronto-based economist for the bank. He said those changes include rising offshore labor costs in China, an appreciating Chinese renminbi, and other d...
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