Reshoring to the EU and the USA: problems, trends and prospects
- Authors: Chernova V.Y.1
-
Affiliations:
- The State University of Management
- Issue: Vol 28, No 1 (2020)
- Pages: 160-171
- Section: WORLD CAPITAL MARKET
- URL: https://journals.rcsi.science/2313-2329/article/view/324112
- DOI: https://doi.org/10.22363/2313-2329-2020-28-1-160-171
- ID: 324112
Cite item
Full Text
Abstract
Reshoring is recognized as one of the tools to achieve the goal set in Western countries to restore the role of manufacturing in the economy, its “renaissance”, stimulate innovation and increase employment. This article analyzes current trends and prospects for reshoring. Obstacles to the successful relocation of Western companies' production capacities to maternal jurisdiction were identified, the key role of which was played by the US protectionist policy and the escalation of trade conflicts. As a result, after increasing the cases of reshoring in previous years, in 2018-2019, the process of moving production facilities of western companies to other countries of Southeast Asia at lower costs received an additional impetus. It is concluded that the state policies of countries aimed at reviving their industry and the technology of the fourth industrial revolution have a significant impact on the change in the position of individual countries in the international division of labor, which gives an opportunity for “catching countries” to develop the economy and improve their position in the world trade.
About the authors
Veronika Yu. Chernova
The State University of Management
Author for correspondence.
Email: veronika_urievna@mail.ru
Сandidate of Economic Science, Associated Professor
99 Ryazanskii Ave., Moscow, 109542, Russian FederationReferences
- Ancarani, A., & Di Mauro, C. (2018). Reshoring and Industry 4.0: How often do they go together? IEEE Engineering Management Review, 46(2), 87-96
- BMWI. (2019). Shared Action Plan Industrie du Futur / Industrie 4.0 / Industria 4.0 in France - Germany - Italy. Retrieved from https://www.plattform-i40.de/PI40/Redaktion/EN/ Downloads/Publikation/shared-actionplan-fr-de-it.html (accessed: 20.12.2019)
- De Backer, K., Menon, C., Desnoyers-James, I. & Moussiegt, L. (2016). Reshoring: myth or reality? OECD Science, Technology and Industry Policy Papers No. 27. OECD Publishing, Paris. Retrieved from https://www.oecd-ilibrary.org/science-and-technology/ reshoring-myth-or-reality_5jm56frbm38s-en (accessed: 20.12.2019)
- EC. (2012). A Stronger European Industry for Growth and Economic Recovery. Industrial Policy Communication Update. Retrieved from https://eur-lex.europa.eu/LexUriServ/ LexUriServ.do?uri=COM:2012:0582:FIN:EN:PDF (accessed: 20.12.2019)
- EC. (2014). For a European Industrial Renaissance. Retrieved from https://eur-lex.europa.eu/ legal-content/EN/TXT/PDF/?uri=CELEX:52014DC0014&from=EN (accessed: 20.12.2019)
- Eurofound. (2019). Reshoring in Europe: Overview 2015-2018. Publications Office of the European Union, Luxembourg. Retrieved from https://www.eurofound.europa.eu/ publications/report/2019/reshoring-in-europe-overview-2015-2018 (accessed: 20.12.2019)
- Fratocchi, L., Ancarani, A., Barbieri, P., Di Mauro, C., Nassimbeni, G., Sartor, M. et al (2016). Motivations of manufacturing reshoring: An interpretative framework. International Journal of Physical Distribution & Logistics Management, 46(2), 98-127
- Fratocchi, L., Barbieri, P., Ancarani, A., Di Mauro, C., Troiano, A., Vignoli, M. et al. (2015). Manufacturing backand near-reshoring: A comparison of European and North American companies. In J. Stentof, A. Paulraj, G. Vastag (Eds.), Research in the decision sciences for global supply chain network innovations: Best papers from the 2014 Annual Conference (pp. 107-128)
- Pearson Education Inc., Old Tappan, NJ. Hejfec, B.A. (2018). Metamorfoza ekonomicheskoj globalizacii [Metamorphosis of economic globalization]. Moscow, Institut ekonomiki RAN Publ. (In Russ.)
- Hejfec, B.A. (2019). Novye ekonomicheskie megapartnerstva i Rossiya [New Economic Megapartnerships and Russia]. Saint Petersburg, Aletejya Publ. (In Russ.)
- Kinkel, S., & Maloca, S. (2009). Drivers and antecedents of manufacturing offshoring and backshoring: A German perspective. Journal of Purchasing and Supply Management, 15(3), 154-165
- Kondrat'ev, V. (2017). Reshoring kak forma reindustrializacii [Reshoring as a form of reindustrialization]. Mirovaya ekonomika i mezhdunarodnye otnosheniya, (9), 54-65. (In Russ.)
- Reshoring Initiative USA. (2019). Reshoring initiative: Bringing manufacturing back home. Retrieved from http://www.reshorenow.org (accessed: 20.12.2019)
- Savinov, Y.A., Zelenyuk, A.N., Taranovskaya, E.V., Orlova, G.A., & Skurova, A.V. (2019). Usilenie protekcionizma vo vneshnej torgovle SSHA [Strengthening Protectionism in US Foreign Trade]. Russian Foreign Economic Bulletin, (1), 36-51. (In Russ.)
- Srai, J.S., & Ané, C. (2016). Institutional and strategic operations perspectives on manufacturing reshoring. International Journal of Production Research, 54(23), 7193-7211
- Stentof, J., Olhager, J., Heikkilä, J., & Thoms, L. (2016). Manufacturing backshoring: A systematic literature review. Operations Management Research, 9(3-4), 53-61
- Zagashvili, V.S. (2017). VTOimegaregional'nye torgovye soglasheniya [WTO and megaregional trade agreements]. Russian Foreign Economic Bulletin, (5), 27-37. (In Russ.)
Supplementary files
