The Import Substitution Program (ISP) creates opportunities for U.S. suppliers to compete more effectively vs. imported products and thus reshore. The ISP identifies and qualifies major importers of products you produce and helps you to convince them to reshore and buy from you instead. ISP is a unique tool that can become an important part of your sales and marketing effort. Start ISP today to obtain current business or to fill the valley when the U.S. economy next slows.
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 suppliers are fighting vs. domestic and foreign competitors for 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 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.
To get started, identify which version applies to you, then download and complete the ISP Input Data Form
The Reshoring Initiative's Import Substitution Program will help you achieve the Program Objectives, above.
Level I: The Reshoring Initiative will provide data on relevant annual imports:
Data will include for each product category:
Level II: Additional help via phone and email.
Level III: Field support