The Import Substitution Program (ISP) creates opportunities for technology suppliers (brands or distributors) to sell more equipment/technology to OEMs and contract manufacturers by identifying the largest importers of the products that can be best produced using your technology. ISP is a unique tool that can help U.S. companies decide to reshore and foreign companies decide to do FDI (foreign direct investment) while creating opportunities for you to sell more.
Today, the new tariffs are causing companies to shift work out of China. Lower corporate taxes and regulations, higher offshore wages, consumer demand for quick delivery and an increased emphasis on skills training make the U.S. an increasingly attractive destination for that work. U.S. and foreign companies are seeing the benefits of proximity, i.e. producing in the market, especially when the home market is the U.S., still the world's largest. ISP will help you identify and sell to the best prospects among these companies.
Most technology suppliers are fighting for a share of the current U.S. market. ISP will expand your market by about 20%, identify prospects and provide the tools to make them into customers.
ISP will provide detailed data on relevant imports by regional or national companies and provide the sales tools to convince them to reevaluate their offshore sourcing decisions. The potential is huge. Our user data suggests that about 25% of the $2.2 trillion of imports would come back if TCO (Total Cost of Ownership), instead of wage rates or purchase price, is consistently used to make sourcing decisions. Substituting domestic production for 25% of imports will increase domestic manufacturing by 20%. ISP will help you get your share or more!
Accelerated domestic production and sourcing by companies that are now importing. ISP will help you obtain orders by:
Your input on some of these will help us to customize our deliverables for you.
Level I: The Reshoring Initiative will provide data on annual imports into the region:
Level II: Additional help via phone and email
Level III: Field support