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Reshoring and creating 650 jobs is great news!

Many companies like Quick Fitting are reshoring manufacturing and production back to the U.S. because they are finding increasing advantages due to rising offshore wages, sourcing risks along complicated supply chains, quality issues, loss of flexibility to respond to customers changing needs, intellectual property risks, and the impact of distance on innovation.

In the past, companies made the decision to offshore solely on labor rates, never taking into consideration the total cost of ownership (TCO) including the hidden costs and risks of offshoring.

They are now becoming much more strategic in their thinking.

Current research shows that about 25% of what is off shored now makes economic sense to reshore. That 25% represents a 10% increase in U.S. Manufacturing and more jobs for Americans.

In order to help companies decide objectively to reshore or offshore, the not-for-profit Reshoring Initiative’s freeTotal Cost of Ownership Estimator can help corporations calculate the real P&L impact of reshoring or offshoring.

TCO ESTIMATOR http://www.reshorenow.org/TCO_Estimator.cfm

I also recommend reading “ReMaking America” the AAM’s new book on the wealth and growth opportunities of manufacturing in the U.S. Harry Moser, founder of The Reshoring Initiative wrote an excellent chapter on Reshoring. http://americanmanufacturing.org/remake-america/

From: Company aims to create 650 jobs

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