• Massimo Group moves production of its MVR Golf Cart series to Garland, Texas
• U.S. reshoring investment rises, as Massimo installs new cutting-edge automation, enhancing efficiency and safety
• Government incentives and policies backstop success for companies like MAMO

In recent decades, the U.S. witnessed a significant shift in manufacturing jobs moving overseas, driven by companies seeking lower labor costs and increased efficiency. This trend led to a substantial decline in domestic manufacturing employment to just below 10% in 2022.

However, a resurgence of “Made in the USA” pride is fueling efforts to bring manufacturing back to American soil. This movement, known as reshoring, is gaining momentum as businesses recognize the benefits of domestic production, including higher product quality, shorter delivery times and enhanced responsiveness to customer demands. Although, recent data underscores this trend. Just last year, spending on U.S. manufacturing facilities rose to an annual rate of $225 billion.

Several factors contribute to this reshoring movement. Trade tensions and policies have disrupted global supply chains, prompting companies to reconsider their offshore operations. For instance, U.S. manufacturers are experiencing growing challenges due to trade tensions and policies under President Donald Trump’s administration. Companies like Husco and Snap-On are finding their investment plans and global supply chains disrupted by the threat of tariffs against Mexico and new 25% tariffs on steel and aluminum.

Additionally, advancements in automation and technology have made domestic manufacturing more cost-competitive, reducing the reliance on low-cost foreign labor. The COVID-19 pandemic further highlighted vulnerabilities in global supply chains, reinforcing the need for localized production to ensure stability and control.

Companies across various industries are actively reshoring operations. For example, Massimo Group (NASDAQ: MAMO), a formidable force in the powersports and on-road vehicle industry through its diverse and value-packed product offerings, announced the transition of its MVR Golf Cart series production to its facility in Garland, Texas. By assembling these vehicles domestically, Massimo ensures stricter quality control while strategically positioning itself within the U.S. market. This move aligns with the company’s commitment to delivering high-quality vehicles while adapting to the evolving trade landscape.

While it brings its golf cart manufacturing to the U.S., Massimo is also staying ahead of the technology curve by ramping up production at its Garland, Texas, facility with a new robotic assembly line. This advanced system, featuring Automated Guided Robots (“AGRs”), increases efficiency by 50%, enhances quality control and improves worker safety. By integrating cutting-edge automation, Massimo is reinforcing its commitment to reshoring jobs, optimizing manufacturing and meeting growing market demand. Additionally, the company has expanded production of its best-selling T-Boss 560L and 760L UTVs, now equipped with fully enclosed cabs and heaters for all-weather performance, further solidifying its position as a leader in American manufacturing.

Concerted Policy Backstops Success

The U.S. government has also implemented policies to encourage reshoring. Legislation such as the Inflation Reduction Act and the CHIPS and Science Act offer over $400 billion in incentives for industrial growth, aiming to revive American manufacturing. Initial outcomes show a significant increase in manufacturing investments, with large-scale projects reaching $225 billion.

While challenges remain, including competition from established offshore manufacturing hubs and the need for a skilled domestic workforce, the reshoring movement reflects a renewed commitment to American manufacturing. By bringing production back home, companies aim to strengthen the economy, create jobs and restore the pride associated with “Made in the USA.”

For more information, visit the company’s website at massimomotor.com, massimomarine.com and massimoelectric.com

NOTE TO INVESTORS: The latest news and updates relating to MAMO are available in the Company’s newsroom at https://ibn.fm/MAMO

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN