In my December column, I discussed how total cost of ownership (TCO) can reveal the hidden costs of offshoring and determine the real profit and loss impact of reshoring and offshoring.
On the campaign trail, President Donald Trump promised to bolster U.S. manufacturing; slash the corporate tax rate; build a wall on our southern border to keep out illegal immigrants; and invest more than $1 trillion to upgrade the nation’s aging infrastructure.
In our last column, we discussed how “total cost of ownership” (TCO) could reveal the hidden costs of offshoring and quantify the real profit and loss impact of reshoring or offshoring.
In our last column, we identified national policies that will help bring manufacturing back from offshore, thereby improving the country’s economy, employment and budget deficit.
KILDEER, IL—From January 2010 until July 2016, approximately 265,000 jobs have come back to the United States from abroad, according to the latest estimates from the Reshoring Initiative.
ATLANTA—Adidas will be opening a factory in Atlanta in 2017 where shoes will be produced entirely by robots. In a press release, the company outlined how the factory, dubbed the Speedfactory, will allow the company to manufacture shoes faster while bringing production closer to U.S. consumers.
Our government could do a lot more to level the playing field for manufacturing. While the Reshoring Initiative does not support individual candidates, we do recommend policies that will bring manufacturing back from offshore, and we try to document candidate positions on these issues.
GUANGZHOU, China—Police have seized some 33,000 counterfeit automotive parts at a factory here. , Collectively worth $1 million, the parts were destined for Toyota’s assembly plant in Australia.