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Reshoring's a Reality – Manufacturing's Coming Back

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Rob Spiegel
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Re: Plot Longitude vs. Time
Rob Spiegel   2/6/2014 11:47:33 PM
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Next time at at Wallgreens or CVS, I'll check that out, TJ.

TJ McDermott
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Re: Plot Longitude vs. Time
TJ McDermott   2/6/2014 11:17:37 PM
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My statistical sample is quite small, but when I stopped in a Rite-Aid pharmacy in North Charleston, I was surprised at the labelling on a lot of the OTC products.

I would imagine Rite-Aids throughout the USA carry the same brands though.

Rob Spiegel
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Re: Plot Longitude vs. Time
Rob Spiegel   2/6/2014 12:59:15 PM
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OTC medicines in India, TJ? I had no idea.

Rob Spiegel
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Re: Good news for manufacturers
Rob Spiegel   2/6/2014 12:51:36 PM
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Thanks Elizabeth. I started talking with plants folks about this trend four years ago. At the time I was told the overall change is based on manufacturers needed to put production closer to the final market. That would be North America (Mexico) for North American consumers and East Europe for European consumers. So the notion was to combine low wages with proximity.

Elizabeth M
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Re: Good news for manufacturers
Elizabeth M   2/6/2014 6:26:14 AM
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That seems like a good tool, considering it will be overall TCO that will likely be the decision-making factor to reshore or not.

Harry Moser
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Re: Good news for manufacturers
Harry Moser   2/5/2014 9:57:10 AM
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You mention "combination of factors" and the article mentioned Total Cost of Ownership (TCO).  The Reshoring Initiative provides a free TCO Estimator that combines almost all of the factors into one quantification so the decision is easier.

www.reshorenow.org.

Elizabeth M
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Re: Good news for manufacturers
Elizabeth M   2/5/2014 5:24:41 AM
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That makes a lot of sense, Lou. In my limited coverage of this I remember speaking to someone who also mentioned the cultural gap in offshoring in terms of product design and having the product made to specifications, so it seems some of the barriers would definitely affect creativity. So it makes perfect sense that would be the first aspect to be reshored.

TJ McDermott
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Plot Longitude vs. Time
TJ McDermott   2/4/2014 8:19:43 PM
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It would be interesting to see a chart relating the longitude of a perceived "inexpensive" exporter (to the USA) against time.

You would see a steady trend westward, I think - Japan, then China, then Korea, then India (a surprising abmount of over-the-counter medicines originate in India).

 

naperlou
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Re: Good news for manufacturers
naperlou   2/4/2014 1:19:52 PM
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I have seen a return of reshoring in the engineering area.  This especially seems to be true in the "creative" part.  Some of the organizations have continued to use offshore assets for testing and maintenance, which has some attraction, since it can be done "off shift". 

What I woulld like to see more of is exporting.  That would drive better economies of scale.  Of course, we would need free trade agreements to really do this and I don't think that will come soon.

Elizabeth M
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Good news for manufacturers
Elizabeth M   2/4/2014 8:42:07 AM
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Well it seems like a combination of factors have led the North American manufacturing industry to this point but it's a good thing for businesses in this sector. I think the proof will be in how long this trend lasts to see if reshoring will stick. Promising data, though!

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