Tucson, AZ (PressExposure) February 17, 2012 -- The Offshore Group recently sat down to speak with Harry Moser. Moser is the founder and director of the non-profit Reshoring Initiative. The efforts of this organization are aimed at facilitating the return of good paying manufacturing jobs to the United States by assisting companies to more accurately assess their total cost of ownership.
When all costs are taken into consideration, including logistics, transportation and the carrying cost of inventory (among others), it often makes economic sense to repatriate manufacturing jobs from distant geographies such as the Far East.
Taking into consideration certain economic factors, however, Moser recognizes that some Mexico manufacturing will occur as a result of the trending of the movement of jobs from the Far East. Cases such as these will present opportunities for American manufacturers to participate in the supply chains of these factories through the provision of components, equipment and machinery, and raw materials. According to Moser, "When production is performed in the Far East, a very small percentage of material inputs are U.S. sourced. My first choice is the U.S. Canada and Mexico are clearly second: far better choices than Asia in terms of benefiting the U.S. economy."
Those interested in listening to this "reshoring" podcast can do so in its entirety by clicking on the podcast tab in the Cost Reduction Outsourcing section of The Offshore Group website.
About The Reshoring Initiative
The Reshoring Initiative helps manufacturers and suppliers recognize the total cost of ownership, i.e. the profit/loss impact of both offshoring and domestic sourcing. Using the tools offered by the Reshoring Initiative at http://www.reshorenow.org instead of focusing solely on price or labor rates, manufacturers can make the right sourcing decisions to reduce their total cost of ownership of parts and tooling, improve their balance sheet and make product innovation more effective.