The Reshoring Initiative's Harry Moser to be Keynote Speaker at Bank of America Event

See press release below:

Coming Home: Manufacturing Returns to the U.S.
September 11, 2014 | Pro Football Hall of Fame | Canton, OH

With offshoring expenses on the rise, elevated risk factors, stretched supply lines and talent issues, reshoring is bringing manufacturing back to the United States, setting the stage for a manufacturing renaissance. American companies now have an exceptional opportunity to capitalize on this imminent homecoming.

Consider the Skilled Workforce Initiatives put forth by AME

Creating a stronger skilled workforce in America will enable more reshoring. Please see AME's suggestions on the subject by downloading the PDF, or reading below:

3701 Algonquin Road, Suite 225 • Rolling Meadows, IL 60008-3127
Tel. 224-232-5980 • Fax. 224-232-5981
Email: info@ame.org • Website: www. ame.org

Making “Made in the USA” a reality!

To remain relevant as a manufacturing powerhouse, America needs a concerted effort between public educational system, government agencies, and business leaders for the revitalization of manufacturing to occur.  AME Executive Board is proposing a comprehensive plan formulated to shape the future of manufacturing workforce through knowledge and skills development that will help energize America’s economy.

August 2014 Reshoring News: Reshoring at IMTS

 

 

 

 

 

 

 

 

Evaluate Technology and Reshoring at IMTS

For the first time in decades, new reshoring is at least balancing new offshoring: the U.S. is now reshoring about 50,000 mfg. jobs/year. Let's make it 100,000 in 2015! IMTS exhibitors can help you find the technology you need to reduce manufacturing costs. Our Harry Moser will be available at seven events at IMTS to help you calculate how much reshoring reduces your overhead costs. See the Reshoring Initiative's IMTS Schedule.

Trying to Decide Whether to Invest in the U.S. or Source Offshore?

The relative ROI on investing in the U.S. is much higher if you consider all of the costs of offshoring instead of just the ex-works price.  Use the free Total Cost of Ownership Estimator™ to make the best sourcing decision.

            Total Cost of Ownership [TCO]: noun 1. A method that quantifies
            all the costs, risks and strategic impacts of offshoring or reshoring.
            2. A more accurate sourcing approach than PPV (Purchase Price Variance).
            3. An excellent sales tool when competing against imports.

Visit the Reshoring Initiative Sponsors at IMTS

Support from the following companies has made the Reshoring Initiative the leading force in reshoring. Thank them for helping us bring jobs and manufacturing back to the U.S. by visiting their booths at IMTS!

• The Association for Manufacturing Technology (AMT), N-650
• BIG Kaiser Precision Tooling Inc., W-1600
• Doosan Infracore Machine Tools, S-8100 
• Festo, E-4936 and C-869
• Gardner Business Media, Inc., W-10
• GF Machining Solutions (formerly AgieCharmilles), S-8754
• Mazak Corporation, S-8300
• Morris Group, S-9410
• Parlec, Inc., W-2300
• Precision Metalforming Association (PMA), N-6354
• Royal Products, W-1622
• TCI Precision Metals, W-1267
• United Grinding North America, Inc., N-6800
• United States Cutting Tool Institute (USCTI), W-2073

As always, thanks for your support.

Harry Moser - Reshoring Initiative (847) 726-2975

Millar Kelley - Newsletter Editor and Research Analyst

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Walmart Backs U.S. Manufacturing Sector, to Host U.S. Manufacturing Summit

The Reshoring Initiative Encourages Companies To Get On Board

A very direct way for a company to get started reshoring is to offer a Made in USA product to Walmart.

We will have a booth at Walmart’s U.S. Manufacturing Summit. Hope to see you there.

Companies interested in becoming Walmart suppliers go here. 

For general questions about Walmart’s efforts in US Manufacturing: MadeInUS@wal-mart.com.

Walmart’s 10 year plan will increase U.S. manufacturing jobs by about 300,000. The Reshoring Initiative believes Walmart is, today, the single biggest force in reshoring. We encourage companies to get on board.

The not-for-profit Reshoring Initiative’s free Total Cost of Ownership Estimator™ can help corporations calculate the real P&L impact of reshoring or offshoring. 

Companies are encouraged to contact the Initiative for help reshoring.

The Reshoring Initiative's Recommendations for the Federal Government

Reshoring Recommendations for the Federal Government, especially Department of Commerce

Executive Summary

The economic bleeding due to increasing offshoring has stopped.  The rate of new reshoring is now equal to the rate of new offshoring.  The challenge is now to reshore the 3 to 4 million manufacturing jobs that are still offshored. Recent reshoring announcements and successes by Apple, Caterpillar and GE and analysis of the economics of reshoring suggest that we could raise the net reshoring rate from the current zero jobs/year to 50,000.  For the U.S. to achieve its full reshoring potential requires a continuation of offshore cost trends, improvement in U.S. competitiveness and changes in companies’ sourcing decision metrics.  The U.S. government can influence all of these factors with minimal expenditure to achieve the 2016 scenario shown below.

	Manufacturing Jobs / Year
	2003	2013	% Change	Feasible 2016
New offshoring *	~150,000*	30-50,000*	- 70%	20,000
New reshoring	2,000*	30-40,000**	+ 1,500 %	70,000
Net reshoring	-148,000	~0	-100%	+50,000

        *Estimated / ** Calculated

Reshoring and TCO Analysis Find Support in Graduate Thesis by Ferran Cabratosa

The Reshoring Initiative is pleased to publish Illinois Institute of Technology graduate student Ferran Cabratosa's thesis, titled: “Reshoring.”

Mr. Cabratosa's paper offers a concise and thorough understanding of the precursors, causes, and consequences of both offshoring and reshoring, and ultimately makes the case for reshoring.

Included in the topics are the macroeconomic trends that led from pre-Industrial Revolution to twentieth century offshoring to twenty-first century reshoring. Using an enormity of data, Mr. Cabratosa demonstrates that reshoring production is often the most cost-effective supply chain decision a manufacturer can make.

The Reshoring Initiative's Harry Moser assisted Mr. Cabratosa in his research, and is pleased to publish his paper on our website, here.

Using The Reshoring Initiative's TCO Estimator: A How-To Guide

                                                      

Getting a Company Started with TCO

A.    Which parts to analyze

1.    By sourcing structure

Follow these priorities:

          1^st Keep existing domestic sources: No new offshoring w/o TCO analysis.

               2^nd Shift outsourcing back

3^rd Repurpose offshore own-facility to serve the offshore market. Incrementally invest domestically to serve domestic market

4^th Shut offshore own facility. Build new domestic facility.

Time to Reshore? Find out at IMTS.

The Reshoring Initiative's Economic Development Program

Economic Development Program

The Reshoring Initiative’s high impact-minimal cost economic development program outlined below is being implemented in Pennsylvania, Mississippi and central New York. We are seeking other regions interested in developing this opportunity.

IMTS Schedule: When and where to find the Reshoring Initiative

Is it time to reshore? The Reshoring Initiative will be at IMTS to help you find out!

• 09/09/2014 GF Machining Solutions Booth S8754 -IMTS, Chicago, IL 3pm
• 09/10/2014 IMTS Gardner Business Media, Inc., Chicago, IL 10 am
• 09/10/2014 Festo Booth E4936, Chicago, IL 11 am
• 09/10/2014 IMTS Media Briefing, Media Briefing Room 12 pm
• 09/10/2014 IMTS Parlec Booth W-2300, Chicago, IL 2 pm
• 09/12/2014 Festo Booth E4936, Chicago, IL 11 am
• 09/12/2014 GF Machining Solutions Booth S8754, Chicago, IL 1pm

The Reshoring Initiative's Recommendations for a Skilled Workforce

Skilled Workforce Development Program

The Reshoring Initiative believes that skilled workforce is the key to reshoring and manufacturing growth in general. We believe that the key to skilled workforce development is motivating a higher quantity and quality of recruits. We recommend the high impact-minimal cost skilled workforce development programs outlined below and are seeking communities interested in implementing these programs.