| Reshoring Contributed to China’s Slowdown! |
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| In the News |
Producing Near The Consumer Gains Traction
According to the Harvard Business Review, some of China’s slowdown is due to “near-shoring.” The article, “You Can’t Understand China’s Slowdown Without Understanding Supply Chains,” by David Simchi-Levi of the MIT Forum for Supply Chain Innovation, cites a number of surveys that demonstrate that companies are ‘…moving from a global manufacturing strategy, whose focus is on low-cost countries, to a more regional strategy…” For the U.S. that means U.S., Canada and Mexico.
Forbes Agrees
Author Kevin O’Marah summarizes the big picture of reshoring by saying “…it is really more about increasingly localized supply chain designs. The idea is not only to reduce risk and total landed cost, but also take advantage of technology trends including robotics, additive manufacturing and internet-of-things to offer more customized products finished closer to the point of sale.” Read More
Certificate Programs Increasing
The U.S. is making progress in bridging the skilled workforce gap. “The U.S. Dept. of Education reports that sub-baccalaureate certificates such as associate’s degrees awarded in construction, manufacturing and transportation, jumped by 67.8% from 2000 to 2012, compared with 46.6% growth in four-year college enrollment during the same period.” Learn more here. The Reshoring Initiative cooperates with NIMS (National Institute for Metalworking Skills) and MSSC (Manufacturing Skill Standards Council). Both have averaged about 15% annual growth in certificates awarded per year for the last 10 years, accelerating higher in the last 2 to 3 years.
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| Recent Events |
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An op-ed authored by The Reshoring Initiative appeared in the “Manufacturing in America” insert, which was featured in the September 25, 2015 issue of USA Today. You can see the insert here and read our article, Reshoring: Why America Needs to Rethink Its Imports.
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Harry Moser (left) being interviewed by Young-cheol Kim, Documentary and Factual Producer,
Korean Broadcasting System |
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| Reshoring Initiative Resources |
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- Calculate TCO with the Total Cost of Ownership Estimator™ , a free online tool to help evaluate sourcing alternatives and to make a case when selling against offshore competitors.
- Visit our Reshoring Library, which contains 2,800+ linked articles on reshoring. Data from these articles can be accessed and sorted through the Advanced Search function.
 Have a story to tell? Submit your reshoring success story on our Case Studies feature. All valid cases will be posted, and we will send the submitter a Manufacturing is Cool T-shirt.
- Use our Economic Development Program to strengthen your region by replacing imports with local production.
- See our Blog for recommendations on Skilled Workforce Development in your area.
- In support of Walmart’s Made in USA program, the Reshoring Initiative has created a new webpage Resources for Retail Suppliers. This page helps companies: pick the right products to reshore; improve their cost competitiveness; find component suppliers, financing and retailers interested in Made in USA; and comply with FTC regulations. The resources are continually updated. We call on manufacturers to use the resources, other relevant groups to volunteer to be listed and retailers that are interested in Made in USA to provide a contact point to be displayed along with the Walmart JUMP site.
- Visit by clicking a category below, or go through Walmart’s JUMP link.
- See complete list of upcoming presentations.
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As always, we extend a special thanks to our supporters and Sponsors. Reshoring successes depend on your help!
Sincerely,
Harry Moser – Founder and President, Reshoring Initiative (847) 726-2975
Millar Kelley – Newsletter Editor and Research Analyst
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