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Sunday, Sep 21, 2014
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Sandy Montalbano  
September 26, 2013 3:27pm
 
Reshoring has grown rapidly since 2010. More than 200 larger companies have publicly announced reshoring actions -- examples include: Apple, Motorola, Foxconn and Lenovo. These actions inevitably impact thousands of domestic suppliers.
If companies consistently evaluate all of the costs and risks, about 500,000 more manufacturing jobs would come back and the trade deficit fall by about 25%.

The not-for-profit Reshoring Initiative’s free Total Cost of Ownership software helps corporations calculate the real P&L impact of reshoring or offshoring. In many cases companies will find that, although the production cost is lower offshore, the total cost is higher. TCO Estimator http://www.reshorenow.org/TCO_Estimator.cfm

Readers can help bring back jobs and increase profitability by asking their companies to reevaluate offshoring decisions. Suppliers can use the TCO software to convince their customers to reshore.

You can reach Harry Moser, founder/president of The Reshoring Initiative, at harry.moser@reshorenow.org | www.reshorenow.org

Read ReMaking America AAM’s new book on how manufacturing may see a new dawn in America along with wealth and growth opportunities. http://americanmanufacturing.org/remake-america/ Harry Moser wrote the chapter on Reshoring.
     
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