1144 | 200 | Reshoring in a de-globalized world. The role of traditional production factors | Somoza Medina, Xosé

The phenomenon of industrial relocation or «reshoring», as opposed to the widespread process of dislocation or «offshoring», typical of globalization, is a relatively scarcely extended business strategy, although the successive crises in global supply chains, geopolitical tensions or the effects of the pandemic have placed this possibility on the political agenda, with declarations and specific action programs that seek to promote industrial relocation in developed countries. The United States, Germany, Australia or the European Union itself have discussed the possibilities of increasing the weight of the industry to relaunch their economies._x000D_
The phenomenon of industrial relocation began to develop in the first decade of the 21st century, partly in response to increasing instability in global supply chains and rising energy costs. These two elements, far from showing a positive dynamic in recent years, have increased their worst effects on the world market, leading some authors to consider whether we are facing a new model of globalization._x000D_
This communication aims to analyze the main obstacles that can stop this type of initiative in industrial companies, analyzing the recent evolution of the factors of production on a global scale._x000D_

Somoza Medina, Xosé
University of León

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ID Abstract: 200