December 31, 2019
December 2019 eNewsletter
| December 2019 E-News: 2020 Opportunities and 2019 Year in Review
Preliminary data suggests that 2019 reshoring plus FDI job announcements will be the third highest ever despite a high USD, political turmoil and the uncertainty due to the trade war tariffs. Opportunities to reshore and to be recognized for doing so are outlined below.
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Reshoring Awards 2020
Announcing The 3rd Annual National Metalworking Reshoring Award by the Reshoring Initiative, PMA, AMT and NTMA. Products must be made primarily by metal forming, fabricating, casting or machining, including additive manufacturing. Both OEMs and contract manufacturers are eligible to compete. See Award details and application here.
The Sewn Products National Reshoring Award by the Reshoring Initiative and SEAMS is now an annual competition. The award is open to all companies that have successfully reshored the sewing of any product(s) to the United States. Awards categories include cut and sew manufacturers; brands, OEMs and vertical retailers; and textile providers. Visit the Sewn Products National Reshoring Award for 2020 eligibility and application details.
There is still time to reshore and compete. Try the Opportunities in the next section or call us for help!
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Opportunities to reshore in 2020 Amerimold Sourcing Fair – Amerimold’s Sourcing Fair is for companies that want to shift to domestic suppliers of plastic, glass and rubber molds and molding. Sourcing Fair 2019 was a great success. Attending companies were pleased with the suppliers they found to replace their offshoring. ISP is under way – Our newest program, the Import Substitution Program, is helping U.S. companies convince customers and prospects to import less and buy from them instead. Let us help you improve your bottom line! |
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"I am honored to receive these awards, but reshoring’s success is really due to the leaders, workers and organizations in the manufacturing industry who have made companies competitive enough to bring manufacturing back. They have brought 900,000 jobs back since 2010." - HM
Status on 2019 actions that should further improve future reshoring numbers.
The first ever Made in America show was a tremendous success. The event brought together hundreds of exhibitors and attendees. They also surprised Harry Moser with the MADE IN AMERICA 2019 Reshoring Award. |
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Don Buckner (right) presented Harry Moser & the Reshoring Initiative with the Award in Indianapolis. Reshoring American Jobs is a video filmed at the 2019 Made in America convention, giving an overview of reshoring. |
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Also in the News IMO 2020 is just about here – The International Maritime Organization (IMO) Marpol Annex VI ("Prevention of Air Pollution from Ships") regulations are set to limit sulfur content of bunker fuel in 2020, which will make imports and offshoring more expensive. Details here. Excess offshoring and shipping are also being reduced by automation – The Financial Times released this excellent video on Robotics and reshoring: the future of shipping. Offshoring has negatively affected the environment – See Assembly Magazine: U.S. manufacturing: The greener choice. |
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Further Perspectives on Tariffs and China - US companies are canceling investment into China at a faster clip, survey shows
- CPA Study on China Decoupling Wins National Economics Award
- Be careful what you ask for: Mark Cuban issues warning about doing business with China - "The bigger question to me is what's the end game?
- AmCham Shanghai releases 2019 China Business Report - "China’s …market access barriers still impede foreign businesses, and over a quarter of members are redirecting investment originally intended for China."
- Euromonitor reports: Table 7 shows that 5.9% of all respondents are moving some manufacturing from China to the U.S., and 39.7% are moving somewhere. Thus about 15% (5.9/39.7) of those who are moving are moving to the U.S. That is great!
- China is the world’s most mercantilist nation - The Global Mercantilist Index ranks China highest, in a class by itself, for "policies such as local production requirements, export subsidies, weak intellectual property (IP) protection, discrimination against foreign firms, economy-specific technical requirements, and data localization requirements. These policies harm both other nations and global innovation writ large. As such, they demand a coherent and bold response from free-trading nations and multilateral trade and development organizations."
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