Buyers have “little confidence” in a significant resurgence in US manufacturing, with high costs limiting the prospects for sourcing more domestically made goods, says a new report.

“Manufacturing in the US – Movement or Myth?”, a report by B2B trade platform provider Panjiva, is based on a survey of sourcing professionals across the US.

Some 75% of those surveyed currently source goods from the US, saying that swift turnaround and delivery was the dominant quality making the US a desirable sourcing destination.

But 81% said high costs limited how much their company could afford to source from domestic manufacturers.

Despite the issue being given a strong political focus and more companies announcing plans to manufacture in the US, there is little confidence among buyers that the US will enjoy a significant manufacturing resurgence.

According to the report, 36% of buyers anticipate a decline or stagnant activity when asked to assess the long-term outlook for US manufacturing.

Meanwhile, only 4% cited concerns about working conditions at overseas factories as a prompt to increase the amount of US-sourced goods and, while 52% thought consumers would pay more for US-made goods, 48% thought they would not.

“High costs are clearly holding back US manufacturing, which is an unfortunate scenario given that it is largely out of the control of the manufacturers themselves,” said Josh Green, Panjiva CEO.

“However, this predicament underscores the need for manufacturers to focus not only on what they do very well, but also what buyers look to them for: the ability to deliver goods in a much shorter time period.”