Recent shocks to global value chains and geopolitical tensions have reignited the debate on domestic production of strategic
goods and technologies. This paper proposes an analytical framework for identifying and prioritising activities and regions
for potential reshoring policies combining methods from international, industrial and regional economics. Particularly, we
assess import dependencies, potentials and risks for competitive domestic production, and evaluate the embeddedness of existing
and potential production in cognitively and technologically related activities in a region. We highlight the relevance of
this approach as a policy tool using industries manufacturing strategic products and regions in Austria as an example.
