HOME  |  NEWS  |  BLOGS  |  MESSAGES  |  FEATURES  |  VIDEOS  |  WEBINARS  |  INDUSTRIES  |  FOCUS ON FUNDAMENTALS
  |  REGISTER  |  LOGIN  |  HELP
Blogs
Blog

Reshoring's a Reality – Manufacturing's Coming Back

NO RATINGS
View Comments: Newest First|Oldest First|Threaded View
Rob Spiegel
User Rank
Blogger
Re: Plot Longitude vs. Time
Rob Spiegel   2/6/2014 11:47:33 PM
NO RATINGS
Next time at at Wallgreens or CVS, I'll check that out, TJ.

TJ McDermott
User Rank
Blogger
Re: Plot Longitude vs. Time
TJ McDermott   2/6/2014 11:17:37 PM
NO RATINGS
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
User Rank
Blogger
Re: Plot Longitude vs. Time
Rob Spiegel   2/6/2014 12:59:15 PM
NO RATINGS
OTC medicines in India, TJ? I had no idea.

Rob Spiegel
User Rank
Blogger
Re: Good news for manufacturers
Rob Spiegel   2/6/2014 12:51:36 PM
NO RATINGS
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
User Rank
Blogger
Re: Good news for manufacturers
Elizabeth M   2/6/2014 6:26:14 AM
NO RATINGS
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
User Rank
Iron
Re: Good news for manufacturers
Harry Moser   2/5/2014 9:57:10 AM
NO RATINGS
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
User Rank
Blogger
Re: Good news for manufacturers
Elizabeth M   2/5/2014 5:24:41 AM
NO RATINGS
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
User Rank
Blogger
Plot Longitude vs. Time
TJ McDermott   2/4/2014 8:19:43 PM
NO RATINGS
 

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
User Rank
Blogger
Re: Good news for manufacturers
naperlou   2/4/2014 1:19:52 PM
NO RATINGS
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
User Rank
Blogger
Good news for manufacturers
Elizabeth M   2/4/2014 8:42:07 AM
NO RATINGS
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!

Partner Zone
More Blogs
A group of researchers at the Seoul National University have discovered a way to take material from cigarette butts and turn it into a carbon-based material that’s ideal for storing energy and creating a powerful supercapacitor.
Hacking has a long history in the movies, beginning with Tron and War Games and continuing through The Girl with the Dragon Tattoo.
In a line of ultra-futuristic projects, DARPA is developing a brain microchip that will help heal the bodies and minds of soldiers. A final product is far off, but preliminary chips are already being tested.
New manufacturing is changing more than just the plant floor. It's changing how manufacturers do business.
Venture capital guru Steve Vassallo looks for companies that think about design, not just technology for technology's sake.
Design News Webinar Series
9/10/2014 11:00 a.m. California / 2:00 p.m. New York
7/23/2014 11:00 a.m. California / 2:00 p.m. New York
7/17/2014 11:00 a.m. California / 2:00 p.m. New York
6/25/2014 11:00 a.m. California / 2:00 p.m. New York
Quick Poll
The Continuing Education Center offers engineers an entirely new way to get the education they need to formulate next-generation solutions.
Sep 22 - 26, MCU Software Development – A Step-by-Step Guide (Using a Real Eval Board)
SEMESTERS: 1  |  2  |  3  |  4  |  5  |  6


Focus on Fundamentals consists of 45-minute on-line classes that cover a host of technologies. You learn without leaving the comfort of your desk. All classes are taught by subject-matter experts and all are archived. So if you can't attend live, attend at your convenience.
Next Class: September 30 - October 2
Sponsored by Altera
Learn More   |   Login   |   Archived Classes
Twitter Feed
Design News Twitter Feed
Like Us on Facebook

Sponsored Content

Technology Marketplace

Copyright © 2014 UBM Canon, A UBM company, All rights reserved. Privacy Policy | Terms of Service