In recent decades, companies in certain sectors -- particularly manufacturing -- have outsourced operations to other countries to take advantage of lower labor costs.
In recent decades, companies in certain sectors -- particularly manufacturing -- have outsourced operations to other countries to take advantage of lower labor costs. More recently, there have been targeted efforts to reduce reliance on countries like China and reshore U.S. manufacturing so that products can be sourced in the U.S. For example, Intel is building two semiconductor plants in central Ohio, and Hyundai is building an electric vehicle and battery manufacturing plant in Georgia.