Tahs Siddique, Director of M&A Research in Baird’s Europe Investment Banking Group, shared his perspective on what factors could trigger a reshoring revolution in the UK. In a bylined article recently published in Robotics & Automation News, Siddique explains:
China has built its reputation as the factory of the world, but is increasingly facing rising wages, forcing manufacturers including here in Britain to think hard about where they build factories, and even consider “reshoring”, or bringing manufacturing back home. Some companies, such as Rolls-Royce, Meggitt, Siemens and Nissan, are already increasing investment in the UK.
Read the full article here.