Use the Total Cost of Ownership Estimator (TCO) to make a strong case when selling against offshore competitors! Sixty percent of companies make sourcing decisions based on rudimentary metrics, such as wage rate, ex-works price or landed cost, often resulting in a 15 to 30 percent understatement of actual offshoring costs.
Kildeer, IL—For the first time in decades, more manufacturing jobs are returning to the United States than are going offshore, according to the Reshoring Initiative. New U.S. manufacturing jobs attributed to reshoring and foreign direct investment totaled 77,000 in 2016. That’s a 10 percent increase over 2015 and it exceeded the rate of offshoring by about 27,000 jobs.
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.
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.