| |  | December 2020 E-News: One Million Jobs Added 2010 to 2020
More than 1 million U.S. jobs added from 2010 to 2020: 1H2020 Reshoring Initiative Data Report Despite the challenges of COVID-19, reshoring is up this year with 110,000 projected job announcements, which will bring the total to more than 1 million between 2010 and 2020. In 2021 and beyond, reshoring will continue to be essential to recovery in manufacturing and the U.S. economy.
More takeaways from the Reshoring Initiative Data Report
- Because of the pandemic, U.S. reshoring is outpacing FDI for the first time since 2014. In response to uncertainty, companies are emphasizing operations in their home countries.
- The PPE, medical, tech, and defense industries should benefit most from national demand to shorten supply chains, close gaps for essential products and make the U.S. less vulnerable. Already, 60% of reshoring cases after March 2020 mention the pandemic as a factor in reshoring decisions.
- Efforts by MEPs, EDOs and states to enable reshoring continue to grow, and the Reshoring Initiative is deeply involved in these efforts. By year’s end, we will be working with 50 or more companies to reshore approximately 100 products. As a measure of corporate interest, the demand for this service in 2020 is more than 20X the rate in 2019. Companies are doing their best to reshore, and we are here to help.
- Going forward, President Biden will prioritize reshoring highly but apply different methods than President Trump.
For data on individual states, industries, regions and more, read the full Reshoring Initiative 1H2020 Data Report. | | | | | Biden Administration Brings New Approach
Manufacturing Fortunes Mixed Under Biden In this must-read article, Harry Moser offers a comprehensive analysis of what to expect from the incoming administration.
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| | | | |  | | |  | For more on the topic of supply chains, visit IMTS’s 19-article series Rebuilding and Reshoring, written by Harry Moser, with four articles already posted and the entire series available by early 2021.
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| | | Rebalancing the Education System
KENTUCKY FAME FULFILLING THE PROMISE OF APPRENTICESHIP
The economy is changing and, with it, America’s need for postsecondary education and training. This study of a joint college-employer program suggests a four-year degree isn’t the only, or even the best, path to a high salary. FAME apprentice graduates’ pay averages 50% higher than with bachelor’s degrees and equals the earnings of PhDs! Five years after completing the apprenticeship program, these graduates average $96,000/year, whereas the average U.S. bachelor’s degree holder aged 25-65 years earns $64,000 and PhD holders average $98,000.
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|  |  | WSJ: Students in a FAME apprenticeship program in Kentucky operate an integral training system for industrial automation. PHOTO: SCC KY FAME PROGRAM
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| | | Upcoming Events
December 10 – Des Moines Partnership and CIRAS Reshoring Webinar, 11 a.m.-12 p.m. CST
December 17 – Curious Capitalist, Northeastern University Webinar
January – California's Manufacturing Network (CMTC)
February 9 – Practical Machinist MeetUP
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| | | The Reshoring Initiative seeks volunteers to help enable reshoring. We are looking for several experienced manufacturers to commit 5 or 10 hours/week for at least a few months. Helpful qualifications include Microsoft Excel competence, general manufacturing knowledge and comfort talking to other manufacturers by phone or via Zoom. Successful volunteer work could lead to paid part-time contract work. Email info@reshorenow.org for inquiries.
Thanks to all our readers, our sponsors and the companies who use TCO to reshore.
Want to help? Please consider making a year-end tax-deductible donation to the Reshoring Initiative. Also, remember to use the Smile link when you make your gift purchases on Amazon.
We wish everyone a safe and happy holiday season!
Sincerely,
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|  | | | | | | 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.
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