Health, Security, Economic Benefits from Reshoring By Steven L. Byers, PhD and Jeff Ferry With the spreading coronavirus pandemic, Americans are becoming increasingly aware of our dependence on foreign sources for important pharmaceuticals and other health care products. The US is dependent on China for over one third of all the antibiotics we import, and…
Editor’s Note: Jeff Ferry is chief economist at the Coalition for a Prosperous America (CPA). Two decades of offshoring pharmaceuticals has hurt our national security. [Jeff Ferry | March 17, 2020 | Industry Week] With breathtaking speed, the coronavirus has revealed a previously overlooked vulnerability in the U.S. economy. The United States has become heavily dependent…
Editor’s note: The silver lining in the coronavirus outbreak is that calls for reshoring medical supplies and devices is becoming very strong. Which will help the efforts to reshore other industrial sectors. New Jersey used to manufacture the world’s medicine supply. But today, the majority of ingredients necessary to make your medicine — more than…
Editor’s note: Michael Stumo asks, in this op-ed: Why do we let Chinese companies sell products made with forced labor in our market when we do not allow US companies to do it? This past December, a London family bought a package of Christmas cards to mail to friends. Their 6-year-old daughter opened one of…
