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reshoring optimism

Editor’s Note: This is a guest blog which tackles the hard numbers behind reshoring. Although, long term, reshoring makes sense for some, at the end of the day, what reshoring does is remind executives at manufacturing companies to look at the long term, then decide what is best for the company.

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reshoring project tips

This is the kind of project that, done successfully, can add to the legacy a CEO leaves his company. Unfortunately, not all reshoring, onshoring and nearshoring projects are a success.

Consider Otis Elevator. OE is one of many U.S. manufacturers, including GE, Whirlpool and NCR, which announced they were bringing factories back to the U.S.

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reshoring

This is a guest post from Harry Moser and Millar Kelley of the Reshoring Initiative. The mission of the Reshoring Initiative is to bring good, well-paying manufacturing jobs back to the United States by assisting companies to more accurately assess their total cost of offshoring, and shift collective thinking from offshoring is cheaper to local reduces the total cost of ownership.