As manufacturing continues to make a comeback in the U.S., more
and more companies are rethinking why they continue to have a
portion, or all, of their manufacturing overseas. As business
continues to evolve into a customer-driven, produce-on-demand
product offering with many options, these companies are looking to
reduce their investment in inventory and still meet the growing
need for customization. A solution that is gaining in popularity
these days is to find a local, or at least U.S.-based,
vendor/supplier that can support their needs.
A not-for-profit group, Reshoring Initiative, was established to help
provide support, including case studies and a total cost calculator
(TCO), for companies debating between bringing production back to
the U.S. or leaving it overseas. The TCO tool is especially useful
as it allows each company to understand the total cost of having
their product manufactured and shipped from overseas.
