- 【Expatriate staff column】 The United States of America
Moreover, the U.S. has promoted a return to U.S.-based manufacturing with the doctrine, “made in America.” The generally accepted motives behind this push are to (1) mitigate risk; (2) reinforce self-supply; (3) develop a reliable self-defense network; (4) incentivize consumer demand; and (5) promote sustainability. In addition to U.S. corporations, those in Europe, China, Korea and ASEAN, etc. have also begun developing their own production bases in the U.S.
The U.S. possesses a vast land filled with abundant natural resources, allowing industries to procure raw materials, manufacture, and process end products entirely within its borders. As a result, U.S.-based manufacturing serves as a hedge against geopolitical and supply chain risks.
For Japanese corporations expanding into the U.S., as displayed in the figure below, the manufacturing industry still represents the largest sector of expansion overall despite its declining ratio to the whole.
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