An increasing number of companies in the eurozone are bringing operations back home, despite the bloc’s stagnating economy.
Management consultancy PwC found that nearly two-thirds of 384 non-financial companies operating in the eurozone said that they had reshored some activities during the past 12 months.
PwC’s chief economist, John Hawksworth, said that while offshoring was a no-brainer 10 to 15 years ago, the advantages were less clear now. He added that it was not the weakening economic situation in Europe that was causing this, but rising costs in Asia.
Financial Times, 21
