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Reshoring is gaining strength

2014, economy, GreasyMachines.com, In-sourcing, Reshoring, US economy, US manufacturing

Are you thinking about the Reshoring Initiative www.reshorenow.org ?

This group has been publicizing the fact that not only is bringing manufacturing back to the USA, it’s probably cost effective.

Quoting from their website “Reshoring is an efficient way to reduce imports, increase exports and regain manufacturing jobs in the United States. It’s also the fastest and most efficient way to strengthen the U.S. economy.”

Check their website for their Total Cost of Ownership Estimator™  It is a complimentary tool that enables aggregation of all cost and risk factors into one cost for simpler, more objective decision making.  As the name implies, factors such as quality, transportation, flexibility in order patterns, cost of expediting are included.

“Most companies make sourcing decisions based on price alone, resulting in a 20 to 30 percent miscalculation of actual offshoring costs. With the Total Cost of Ownership Estimator, users account for all relevant factors when determining their total cost of ownership including overhead, balance sheet, corporate strategy and other external and internal business costs.”