ECONOMICS COMMENTARY — 03 Dec, 2025

Reshoring Special Report: November 2025

As uncertainty becomes the new certainty for global trade, this report provides key insights direct from companies on the changing landscape of supply chains in key reshoring destinations. The report analyses the evolution of trends following the introduction of US tariffs, key challenges reported by firms, and reviews which markets are the most upbeat around reshoring gains to come in the next 12 months - to support corporate decision makers with adapting to changing trade dynamics and identifying opportunities.


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Purchasing Managers' Index™ (PMI®) data are compiled by S&P Global for more than 40 economies worldwide. The monthly data are derived from surveys of senior executives at private sector companies, and are available only via subscription. The PMI dataset features a headline number, which indicates the overall health of an economy, and sub-indices, which provide insights into other key economic drivers such as GDP, inflation, exports, capacity utilization, employment and inventories. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.

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