Since 2010, more than 100,000 manufacturing jobs have been reshored by about 500 OEMs and thousands of their suppliers have followed suit.
Walmart is a leading example of this trend with their decision to invest $50 billion in American-made goods over the next decade. While reshoring is undeniably good PR for U.S. OEMs, there is more driving this bourgeoning trend than marketing strategy. For decades, offshoring has been the primary way to cut costs and remain competitive in the North American market. Recently, however, increasing offshore wage rates and rising transportation costs are beginning to tilt the equation in favor of U.S. manufacturing. Many U.S. manufacturers have discovered that local production and sourcing often reduces their total cost of ownership of purchased parts and tooling while increasing productivity.
Join this Audio Conference by Harry Moser to learn more about the reshoring trend and how to evaluate the potential economic advantages of reshoring.
This Audio Conference is ideal for professionals and leaders in:
Harry Moser is the founder of the Reshoring Initiative to bring manufacturing jobs back to the U.S. Prior to founding the Reshoring Initiative, he served as President of GF AgieCharmilles from 1985 until his retirement as Chairman Emeritus in 2010. Largely due to the success of the Reshoring Initiative, Harry was ind... More info