There are many persuasive reasons for OEMs to reshore manufacturing back to America. The rising price of fossil fuel, climbing overseas labor costs, the declining dollar, quality issues, customer delivery schedules, and compelling “total cost of ownership” (TCO) factors are driving some American companies to rethink their overall cost of business, outsourcing strategies, and manufacturing logistics. Chasing the low wage tiger in Asia may have resulted in a temporary advantage, but a better path to efficiency can often be achieved through a lean, efficient and responsive domestic supply chain. There is an emerging global trend in moving products closer to the customer, which means reshoring both manufacturing and assembly processes. Producing products closer to the end user stimulates a high level of communication between consumers, manufacturers and their Suppliers, resulting in tactical product development and lean inventory control.
Land of the Buyers, Home of Suppliers Current market trends indicate the success of revitalizing America's manufacturing base lies in the cooperation and coordination of U.S. Buyers and U.S. Suppliers engaged in the Request for Quote (RFQ) process. We are a nation of “makers”, and Fabricating.com is focused specifically on the sourcing technology needs of American enterprises that design, build, or maintain custom-manufactured products, parts, and assemblies.
Fabricating.com can help companies: create new Supplier networks and bring manufacturing home, support Buy American provision requirements aid State MEPs with “Made in YourState” initiatives verify the “country-of-origin” labelling concept for products sold in America.
Learn More about the Reshoring Initiative We heartily support the work of the Reshoring Initiative, whose mission is to bring good, well-paying manufacturing jobs back to the United States by assisting companies to more accurately assess their total cost of offshoring, and shift collective thinking from ‘offshoring is cheaper’ to ‘local reduces the total cost of ownership.’ To learn more about this initiative and their Total Cost of Ownership Estimator™, visit www.reshorenow.org.