Reshoring Initiative December 2014 Newsletter

Help Us Usher in the New Year by Refining the Reshoring Database! Call to Companies Early next year, we will be publishing large portions of our data on manufacturing returning to North America, providing more accurate insights to the breadth and progress of the reshoring trend. We need your help to refine our database, which contains all companies, including OEM’s and suppliers, reported as having reshored, kept from offshoring, or foreign direct invested (FDI: foreign companies investing in the U.S.) These are broadly defined at the linked site: The Reshoring Initiative Blog: MASTER LIST OF RESHORED COMPANIES. If your company has brought to North America any work, products, components, tools, etc., please check our list and update the data on your company or direct us to someone who could do so. Or, if your company is not listed, find out more here about how to add your information to the database. We would love to hear from you. In the News One major trajectory of the trend is the expansion of international reshoring efforts. We recently compared notes with Janice Munday, Director, Advanced Manufacturing and Services (BIS) and Co-Chair of ReshoreUK, and Richard Colley, Reshoring and Business Investment, Department for Business, Innovation & Skills (BIS). The U.K. faces many of the same reshoring issues that we do in the U.S., but appears to be taking a more proactive approach to getting work back. We urge the U.S. to implement our Reshoring Recommendations to match or exceed the U.K.’s commitment to economic growth via reshoring. To learn more about what the U.K. is doing, read the following speeches on the subject: Prime Minister Cameron’s Davos speech to the World Economic Forum Secretary of State Vince Cable’s speech to Industrial Strategy Conference Find out more on UK, European and Taiwanese reshoring in our blog on International Reshoring Update. Festo, Tesla and Boeing Tango with the Skills Gap. Skills training initiatives continue to evolve, but gaps remain. How will government and community colleges respond to help fill the skills gap in large reshoring cases such as Tesla, which will provide 6500 new jobs in Nevada, and Boeing, which will add 1000 jobs in Utah? Read more: Festo Didactic Opens Workforce Education Center in NJ As companies reshore, how to meet the workforce demands? Stay Alert to the Dangers of Offshoring: Risks = Costs See the latest on offshore risk assessment: The Risks of Offshoring: A Multi-Faceted Perspective. More Support for Reshoring Congratulations to Rosemary Coates on the successful launch of the Reshoring Institute. The Institute (not to be confused with the Reshoring Initiative) offers expert guidance on how to successfully reshore. We are delighted to have another organization and resource driving the cause! Walmart’s Reshoring Initiative Under Way Walmart’s U.S. Manufacturing program continues to gain momentum. A recent MASSMEP Newsletter contained a great summary of the program. We encourage companies that have Made in USA products or could decide to bring manufacturing back to contact Walmart. Go to Jobs in U.S. Manufacturing Portal (JUMP), and keep us informed of your success. Reshoring Initiative Resources Calculate TCO with the Total Cost of Ownership Estimator™ – free online tool to help evaluate sourcing alternatives and to make a case when selling against offshore competitors. See this in-depth webinar : Applying Reshoring and Total Cost in PA with Harry Moser, presented by NEPIRC. Visit our Reshoring Library, which contains 1,800+ linked articles on reshoring. Data from these articles can be accessed and sorted through the Advanced Search function. Have a story to tell? Submit your reshoring success story on our Case Studies feature. All valid cases will be posted, and we will send the submitter a Manufacturing is Cool T-shirt. Use our Economic Development Program to strengthen your region by replacing imports with local production. See our Blog for recommendations on Skilled Workforce Development in your area. Invite the Reshoring Initiative to address your or your customers' industries at a speaking engagement or meeting. See our schedule of Upcoming Events Thanks to all our supporters, and especially to our Sponsors. Reshoring successes depend on your help.. Please consider posting a link to the Reshoring Initiative on your website, and/or donating your time, talent or dollars. You can download our logo at the website. Contact us for more information on how you can help or how the Initiative can help you. Happy Holidays from the Reshoring Initiative! Harry Moser – Reshoring Initiative (847) 726-2975 Millar Kelley – Newsletter Editor and Research Analyst Join our mailing list.