September 2024 Reshoring Initiative E-News: Full Steam Ahead at IMTS
Progress, Policy and Politics
Reshoring Initiative 1H 2024 data shows more than 2 million U.S. reshoring and FDI manufacturing jobs have been announced since 2010.
The timing of this landmark achievement coincides with a presidential election year and with IMTS, offering the industry an opportunity to reflect on its success and to identify actions that will continue the momentum.
Moving forward, all eyes will be on creating a U.S. Industrial Policy that will dictate a more competitive environment for U.S. manufacturing across a broad range of industries. Skilled workforce development, currency, tariffs, the use of AI, and automation will be among the top issues. Escalating geopolitical tension is the leading factor driving the trend.
The International Manufacturing Technology Show (IMTS) provides the technology needed to enable reshoring and is one of the largest U.S. trade shows of any kind with as many as 100,000 attendees. The Reshoring Initiative’s founder & president, Harry Moser, will be attending IMTS from Sept 9 to 14th to promote and accelerate the trend.
Harry would be delighted to connect with you to learn of your reshoring successes or help with any reshoring opportunities.
OEMs: Discover that 20 to 30% of what you import can be produced or sourced more profitably here.
Job shops: How to convince the OEMs to reshore.
Technology suppliers: How to help OEMs and job shops discover their reshoring opportunities and provide the needed manufacturing technology.
If you would like to connect with him, he can be reached by email before the show at harry.moser@reshorenow.org and during the show by cell phone: 847-867-1144.
He will be available at the following IMTS events:
2 to 4 pm Swiss delegation tour with the Swiss Ambassador
6:30 pm SMTS dinner
Wednesday:
Noon to 12:45 pm Supply Chain Forum presentation with Sumitomo Machinery Corporation of America (Admission charge)
2 to 4 pm United Grinding Booth 236802 N. Hall
United Grinding Customer Night
Thursday:
12:30 to 1 pm, Media Event in the Media Center
Friday:
12:30 pm National Metalworking Reshoring Award on Main Stage between North and South Halls
Saturday:
Walking the Show
Reshoring Call to Action
Visit our new Government Grants and Incentives webpage for information on how to qualify and apply for aid. This resource is an ongoing summary of local, state and federal monetary incentives for manufacturers looking to return or expand US production. Some have expired. New ones are routinely announced. Please send us other links to add. In 2023, incentives for manufacturing projects averaged $75,000 per employee. Don’t miss out on these opportunities!
Upcoming Events
September 9 - 14 – IMTS, See Harry’s schedule above!
September 24 – Igniting U.S. Manufacturing podcast
The global metal casting market is expected to see a stunning expansion, with some experts forecasting growth from $161 billion in 2023 to $314.9 billion by 2032. The forecast growth will provide lots of reshoring and FDI opportunities for foundries.
Why Reshore Reshoring is an efficient way to increase corporate profits, reduce imports and regain manufacturing jobs in the United States. It's also the fastest and most efficient way to strengthen the U.S. economy.
