Concerns over supply chain pressures, rising tariffs and trade disputes are driving large organisations in Europe and the US to focus on reindustrialisation, according to the latest Capgemini report.
Capgemini Research Institute has published its second annual report exploring the forces driving reindustrialisation across Europe and the US called The resurgence of manufacturing: reindustrialization strategies in Europe and the US.
Conducted during January 2025, 1,400 senior executives from large organisations with an annual revenue above $1bn were surveyed. The findings reveal that trade tensions are driving organisations to diversify their supply chains and invest in local manufacturing to mitigate the impact of tariffs.
Reshoring, nearshoring and friendshoring (a growing trade practice where supply chain networks are focused on countries regarded as political and economic allies) are escalating trends among organisations to de-risk their supply chains, despite the possible higher costs...