Reshoring Initiative Winter 2013 Newsletter

Reshoring Initiative to Help Mississippi Reshore

The Reshoring Initiative is a partner with Mississippi State University in a $1.9 million award from the Make it in America Challenge, a $20.5 million federal fund to promote reshoring, job creation, and training. We will be speaking, consulting and training on reshoring and skilled workforce development. The MSU grant will be used to:

• Link small manufacturers into the supply chains of larger manufacturers.
• Engage more than 100 advanced manufacturers to prioritize reshoring and other related supply chain opportunities.
• Promote private and foreign investment, job creation and retention.
• With cooperating advanced manufacturers, establish an internship program that will fund 276 internships with a targeted 85 percent placement rate.

Why the World’s Largest Manufacturer of Musical Instrument Accessories Elevated its Domestic Manufacturing to 95%—and Plans to Keep Going

When asked why D’Addario & Co, the world’s largest manufacturer of guitar strings and other musical instrument accessories, is always searching for new reshoring opportunities, its president, John D’Addario III, can quickly pull from a seemingly bottomless supply of reasons.

“Rising labor costs in Asian factories, freight costs…I could go on and on,” remarked Mr. D’Addario. But his reasons for reshoring extend far beyond the typical glut of offshoring issues. When offshoring problems combine to form complex and costly multi-layered challenges, reshoring often provides the most elegant and effective solutions.

Reshoring in the Netherlands

Bringing back production from China

A lot of companies once offshored their production to countries with low wages like China. Today, there is a movement going against this offschoring. “Bring back production jobs and help the disabled on the labour market” says labourmarket specialist Martin Verduyn.