Reshoring - The Urgent Need to Bring Manufacturing Back to America
Friday, March 27, 2015
1 p.m. - 2:30 p.m. EDT
., , United States
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American companies’ are on a quest to Reshore production. According to a 2014 study, 54 percent of US manufacturers over $1billion in revenue are considering Reshoring some or all of their manufacturing. Site evaluation and the correct site selection are critical to the success of these projects. Establishing manufacturing at the right site has an economic multiplier effect on communities. Manufacturing jobs pay well and workers use their wages to buy homes, cars and other goods in the local community. Everybody wins. Reshoring is a very popular idea among businesses, their customers and governments where jobs growth will have the most impact. But it’s not that simple. Reshoring requires a carefully crafted journey through innovation, automation, localization of products and site/community selection. You will learn about the major components in this decision and what you need to develop a business case to bring manufacturing back to specific communities. We will also learn about some reshoring failures, where selecting the wrong site had devastating results.