The Reshoring Initiative, founded by Harry Moser in 2010, is an industry-led effort to bring manufacturing jobs back to the United States. The initiative works with U.S. manufacturers to help them recognize their profit potential as well as the critical role they play in strengthening the economy by utilizing local sourcing and production.
American companies often don't consider all of the costs involved in sending their manufacturing offshore, such as inventory carrying costs, traveling costs to check on suppliers, intellectual property risks and opportunity costs from product pipelines being too long.
The Reshoring Initiative takes direct action by helping U.S. manufacturers realize that local production and sourcing often reduce their total cost of ownership of purchased parts and tooling. The Initiative also trains suppliers to demonstrate to these manufacturers the economic advantages of local sourcing. Through reshoring, manufacturing in the United States is starting to gain momentum. Companies such as NCR and General Electric are already repatriating some of their manufacturing. And the Reshoring Initiative will continue its "return-manufacturing-home" message until all U.S. manufacturers are making objective sourcing decisions and thus realize America is increasingly the place to produce and source goods to supply the U.S. market.
Harry Moser, founder of the Reshoring Initiative and former president of Charmilles Technologies Corporation (now GF AgieCharmilles), grew up experiencing the glory of U.S. manufacturing.
Moser's father - a manager, and grandfather - a foreman, worked for the once sprawling Singer Sewing Machine Company factory in Elizabeth, New Jersey. Moser himself spent summer vacations during high school and college working at the plant.
But that was then. The Singer factory is now gone as are a long list of other American manufacturing plants and companies due to decades of offshoring. Not wanting to see even more U.S. manufacturing jobs disappear, Moser decided to start the Reshoring Initiative to show companies that U.S. manufacturing is still profitable.
The Total Cost of Ownership Estimator is a complimentary tool provided by the Reshoring Initiative. Unlike standard sourcing that is predominantly driven by price, the Total Cost of Ownership model enables aggregation of all cost and risk factors into one cost for simpler, more objective decision making.
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