Showing posts with label Harry Moser. Show all posts
Showing posts with label Harry Moser. Show all posts

Tuesday, December 16, 2014

Help Document the Return of Manufacturing to North America

Instructions to the MASTER LIST OF RESHORED COMPANIES

In the last 5 years, has your company brought manufacturing from overseas to North America or decided to keep manufacturing here? If so, we would like to know about it. The Reshoring Initiative keeps track of all data involved in manufacturing trends related to reshoring both through our Library of published articles, and by talking to companies directly. All manufacturing qualifies: products, assemblies, components, tooling, etc.


Click to download: MASTER LIST OF RESHORED COMPANIES

Here is how to proceed:

  1. Read this Blog, then follow the link to MASTER LIST OF RESHORED COMPANIES belowTo date our list contains 800+ companies.
  2. If your company is listed, email us to request a spreadsheet of our record of all of your company’s data for you to review, edit and return. Please include your company name and detailed contact info.
  3. If your company is not on the list or you have additional cases at your company, click here to add your company to the database. Click the arrow icon to download, enter your data, save and email back to us. 
Companies that qualify:
  1. OEMs that bring back in-house manufacturing
  2. Suppliers that replace offshore suppliers
 DEFINITIONS OF CATEGORIES
Where parent company is headquartered
Where the product has been produced
Where product will be produced
Category
U.S., Canada or Mexico
Outside headquarters country
In the headquarters country
Reshoring
U.S., Canada or Mexico
Headquarters country
Headquarters country
KFO (Kept from Offshoring)
Any country other than the N. American country where it will be produced
Any country other than where it will be produced
In a N. American country
FDI (Foreign Direct Investment)


Not included: Expansion due to natural market growth. While this is also an important indicator of industry health, it is not within the scope of reshored production.

note:    FDI: Foreign Direct Investment,        KFO: Kept from Offshoring 


Click to download: MASTER LIST OF RESHORED COMPANIES

Why Participating is important

When other companies see your reshoring successes, it will encourage them to use TCO, which may lead to better sourcing decisions, growth in U.S. Manufacturing and American jobs and a better U.S. Economy.

Thank you for participating in our 2015 Reshoring Trends report!

Sunday, August 10, 2014

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.

Tuesday, May 7, 2013

Local and Federal Governments Support Reshoring

The Commerce Department Launches Assess Costs Everywhere (ACE)


On April 9, the Commerce Department introduced ACE - a useful and informative tool for comparing costs and risks of offshoring to those of domestic sourcing. As part of this endeavor, The Commerce Department accumulated data on a wide variety of risks, travel and shipping costs and other factors helpful for calculating Total Cost of Ownership. The Reshoring Initiative played a role in the development of the site’s concept, and is present on the site’s Toolbox. It is estimated that companies would reshore 25% of offshored work if they calculated their total cost. Rising offshore wages, plus other “hidden” costs are increasingly diminishing any savings from price and labor. Total cost tools make it possible for companies to recognize when local sourcing is the more profitable option.

Ohio House Passes Legislation to Designate March "Reshoring Month"


Ohio State Senator Bill Beagle led the effort to make March 2013 Reshoring Month in Ohio. This reshoring proclamation is the first by any state. Congratulations, Ohio!

The Bring Jobs Home Act

West Virginia Senator Jay Rockefeller cosponsored a bill to encourage American businesses to stop moving jobs overseas, and incentivize them to bring those jobs back home and hire American workers. While all efforts to support reshoring are appreciated, in general the preferred solution is to eliminate all special exemptions and deductions to keep tax codes simple and reduce corporate tax rates across the board so that all manufacturing is motivated to produce in the U.S.

Many State governments continue to offer tax, credit and grant incentives to companies that create jobs in their areas. According to a recent Reshoring Report by the MIT Forum for Supply Chain Innovation, “the number one government action that can make a difference is corporate tax reductions, with both providing tax credits and incentives coming in second.”

To find out more about existing government incentives, contact your local Manufacturing Extension Partnership or Economic Development Organization.

Tell us how government incentives helped you reshore on the Case Studies feature on our website.

Join our mailing list here.

Next Up: Industry Focus of R&D, and profitability of Made in the USA branding.

Monday, March 18, 2013

Reshoring Movement Prevails In Economist Outsourcing Debate

by Harry Moser,  founder of The Reshoring Initiative.

The past few months have been full of publicity surrounding U.S. manufacturing and reshoring. With the increased interest in both, The Reshoring Initiative has been present in many prestigious media outlets including Forbes and MIT Technology Review. Most notably, I recently participated in an Economist debate, which highlighted the strong support of the Reshoring Initiative’s mission.

The online debate, which took place over nine days, pitted Columbian University Professor of Economics and Law Jagdish Bhaqawati against me. As a representative of reshoring efforts, I defended the motion, “Do multinational corporations have a duty to maintain a strong presence in their home countries,” while Professor Bhagawati debated against the motion. All arguments and reader participation was moderated by Tamzin Booth, Economist European business correspondent.


Despite the clear commitment of most Economist readers to globalization, I held a first-day lead with 58% of the vote. In my opening statement, I defined “strong presence” as investing, employing, manufacturing and sourcing at least in proportion to a company’s sales in the home country. Far too often, I have observed multinational corporations place excessive focus on the offshoring of manufacturing jobs. By deciding what to offshore based on labor rates, ex-works price or landed cost rather than on total cost of ownership, multinational corporations are making uninformed decisions. Preliminary data from users of the Reshoring Initiative’s free Total Cost of Ownership Estimator™ supports this conclusion. As much as 25% of what has been offshored would come back with higher profitability if the correct metrics were used. In reality, decisions are made that reduce the short and long-term return for the company, their shareholders and employees, as well as their home country.

But, as in any debate, a lead is never safe and the vote quickly swung in favor of Professor Bhagawati on days four thru seven. Professor Bhagawati maintained that home countries benefit no matter where the production or R&D is done because profits inevitably come back to the home country. However, he agreed that companies should reevaluate their decisions to offshore. It was refreshing to see that a devout globalization and Ricardian economics defender could not disagree with the base of the Reshoring Initiative’s mission.



I believe much of the late surge of support that ended up giving me the 54% victory can be attributed to the continual agreement on this point. With roughly 50,000 manufacturing jobs reshored since January 2010, the debate win reveals solidarity among manufacturers, employees, machine tool builders, distributors, trade and policy associations, progressive and fair trade groups, unions and Made in USA companies.

The majority of companies ignore 20% or more of the total cost when making sourcing decisions. When multinational corporations do not see past a low labor rate or direct price, they can incur a much higher total cost. It is imperative for companies to make better-informed investment and sourcing decision: offshore vs. home and long-term vs. short-term.

Special thanks to the Economist for allowing me to participate, Professor Bhagawati for his time and thoughtful arguments, and Tamzin Booth for her fair and thorough moderating. Also, thank you to all those who supported me in the debate.

A copy of the debate in its entirety is still available online.

Tuesday, November 27, 2012

A U.S. Manufacturing Success Story – Simple Wave LLC

by Harry Moser, founder and president of The Reshoring Initiative.

This past year, focus on the loss of U.S. manufacturing jobs due to offshoring (sending jobs overseas) has intensified. In the rhetoric surrounding offshoring, all too often we hear stories of individuals losing their jobs to the “lower” cost of production. I have worked to dispel this notion using analysis and data obtained by the Reshoring Initiative’s Total Cost of Ownership Estimator™.



One company, SimpleWaveLLC, has embraced the shift in collective thinking from ‘offshoring is cheaper’ to ‘local reduces the total cost of ownership.’ In doing so, the California-based company received the 2012 U.S. Department of Commerce’s Export Achievement Award during a ceremony at NPE - a chemicals trade show and event organized by The Society of the Plastics Industry, Inc. While presenting at the show, I had the opportunity to congratulate the Calibowl creators and thank them for their efforts toward bringing solid, well-paying manufacturing jobs back to the United States.

Simple Wave and its award-winning Calibowl, the innovative bowl featuring a patent-pending inner curving lip that moves food back into the utensil or chip, eliminating spills, is the creation of Jeff Bollengier and partner Rich Stump.

Jeff and Rich first presented Calibowl at the 2008 LA Gift Show and were immediately featured in the “O” Favorite Things list. That led to placement in the Rachel Ray Show, QVC, the Shopping Channel, Readers Digest, Canada Homestyle Magazine and many more. As they say, “The rest is history.”

Calibowl is much more than a unique solution to one of life’s many problems. Simple Wave’s brand serves as a reflection of both Jeff and Rich’s personal values. These values are then carried out in their production of Calibowls. Jeff and Rich’s dedication to the U.S. economy led them to move the manufacturing process from China to the United States.

In an April 3 interview with The Street’s Elizabeth Blackwell, Rich spoke to being a U.S. manufacturer and the demand for U.S. manufactured products. "Our customers in Korea, Canada and even China wanted U.S.-made products,“ says Stump. ”The Made-in-America brand has real value overseas…So far, we've created a total 15 jobs in the U.S. just in manufacturing, and we expect to add a few more each month,“ says Stump.

As accounted for in the total cost of ownership, Simple Wave believes U.S. manufacturing will reduce freight cost and improve the company’s response time as well as reinforce its green image through a reduced carbon footprint. Now Calibowl is MADE in USA and is exporting to Canada, Singapore, Korea, and even China, a business practice the Reshoring Initiative and Simple Wave hope other manufacturers follow.

You can support Simple Wave, Calibowls and their reshoring initiative at BevMo!, Amazon.com, JC Penny’s, and Bed Bath & Beyond.

Connect with Calibowl via their website calibowl.com, Facebook, and follow them on
Twitter at @CaliBowl.