Harry shares all of the powerful benefits to the U.S. economy that goes with Reshoring. This list includes strengthening the supply chain, increased job opportunities and wages as well as reducing reliance on foreign countries for critical supplies. Especially since COVID brought this vulnerability to light during the past year.
Harry Moser shares his insights on the benefits of Reshoring in this video:
Harry Moser: Founder of the Reshoring Initiative
Inductee to Industry Week’s Manufacturing Hall of Fame 2010 for service to the industry via Reshoring Initiative, which is a non-profit that helps bring manufacturing jobs back to the U.S. by providing free tools for manufacturers to compare the costs of offshored and domestically sourced work. Archstone Consulting’s 2009 survey showed that 60% of manufacturers use “rudimentary total cost models”. Additionally ignoring 20% of the cost of offshoring.
The Initiative is providing its TCO (Total Cost of Ownership) Estimator software free to help manufacturers compare the true TCO of local vs. offshore sources as well as to help job shops sell the benefits of local sourcing to their customers. To help the manufacturers make better sourcing decisions the Reshoring Initiative provides: free software that helps them calculate the real offshoring impact on their P&L, linked NTMA/PMA Purchasing Fairs www.purchasingfair.com to help them find competitive U.S. sources, publicity to drive the reshoring trend as well as an online Library of 98 articles about successful reshorings.
The mission of the Reshoring Initiative® is to bring good, well-paying manufacturing jobs back to the United States. Accomplished by assisting companies to more accurately assess their total cost of offshoring, as well as shift collective thinking from offshoring is cheaper to local reduces the total cost of ownership. We are a nonprofit organization and offer a number of free tools to advance our mission.
Wrapping It Up
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