Three Ways to Become More Profitable—and Famous
Get recognized for reshoring!
Have you or your customers successfully reshored? Would you like to steer a successful reshoring project? In 2018, more than 1,300 companies announced they were shifting jobs to the U.S. from offshore. Why not ride the reshoring wave yourself, generate more business…and get 15 minutes of fame? Here are three ways to do just that.
1. Find a reshoring project. Need a reshoring project? Head to the Sourcing Fair at the Amerimold show June 10-11 in Novi, MI. Amerimold is where molding and mold-making professionals connect. The Sourcing Fair will offer attendees the chance to meet with OEMs that are looking to source molds and molding in North America in an effort to reshore manufacturing. Representatives will be on hand to meet with North American molders and mold builders.
2. Apply for the National Metalworking Reshoring Award 2020. Companies that have successfully reshored metal products, parts or tooling are invited to compete for the National Metalworking Reshoring Award. The Reshoring Initiative, Precision Metalforming Association, National Tooling and Machining Association and AMT are pleased to sponsor this competition.
OEMs can submit an in-house or outsourced product that was reshored. Contract manufacturers can submit work that their customers have previously offshored. And, technology suppliers and distributors can submit their own reshoring project or a customer’s.
To be eligible for the award, the work must have been reshored between Jan. 1, 2013, and May 31, 2020, from outside North America to North America. Reshoring includes work that is produced either in-house or outsourced. A complete definition of reshoring is available here: http://reshorenow.org/blog/definitions-of-reshoring. Products must be made primarily by metal forming, fabricating, casting, machining or additive manufacturing.
Applications must be submitted by June 30. To view award details and enter, visit www.amtonline.org/reshoringaward. Foreign direct investment is also eligible. The winner will be announced at IMTS in Chicago Sept. 14-19. There is still time for companies to decide to reshore and be eligible for the award, but remember you have to be in it to win it!
3. Apply for the 2020 Sewn Products National Reshoring Award. SEAMS and The Reshoring Initiative launched the first Sewn Products National Reshoring Award in 2018. We are excited to announce that, due to overwhelming success, this is now an annual initiative, which is open to all companies that have successfully reshored the sewing of any product, such as apparel, upholstery or automotive interior components, to the U.S.
To be eligible for the award, the sewn product must have been brought back to the U.S. from offshore or represent new production that has taken market share from imports between Jan. 1, 2014, and June 30, 2020. There will be awards for three industry categories: cut and sew manufacturers; brands, OEMs and vertical retailers; and textile providers. Award criteria, eligibility and entry form can be found at this link: https://seams.org/reshoring-award.
Sell more and get recognized for your reshoring efforts. See if reshoring makes sense for your company. Contact the Reshoring Initiative at firstname.lastname@example.org or 847-867-1144.