How to Help Your Customers Decide to Reshore

Available On-demand Until December 2, 2022

Duration:60 minutes

Abstract:

You can help your customers decide to reshore more. If you hear they are thinking of shifting manufacturing or sourcing out of another country (e.g., China) and back to the U.S., you can offer our free tools to help them do the analysis. 

Recent trade disruptions are motivating many companies to reevaluate their offshoring decisions and consider localization (reshoring or nearshoring). The longer-term trend is driven by rapidly rising Chinese wages and by companies realizing that producing in or near the market has balance sheet, risk, strategic and ESG (Environmental, Social and Governance) benefits that often outweigh higher wage rates and manufacturing costs.

Takeaways include:
  • How to incorporate a supply-chain strategy
  • How to use Total Cost of Ownership (TCO) to identify components/products likely for reshoring


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Speaker

Harry Moser

Founder and President

Reshoring Initiative

After twenty-five years at the helm of GF AgieCharmilles, now GF Machining Solutions, as North American president and subsequently chairman emeritus, Harry founded the Reshoring Initiative to help bring manufacturing jobs back to the U.S. Largely due to the success of the Reshoring Initiative, Harry was inducted into the Industry Week Manufacturing Hall of Fame 2010 and was named Quality Magazine’s Quality Professional of the year for 2012. Harry participated in President Obama’s 2012 Insourcing Forum at the White House, won the Jan. 2013 The Economist debate on outsourcing and offshoring, and received the Manufacturing Leadership Council’s Industry Advocacy Award in 2014.

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