FABTECH speaker supports job creation through reshoring
At FABTECH® 2011, North America's largest metal forming, fabricating, welding, and finishing exposition and conference, Harry Moser, founder of the Reshoring Initiative, will discuss how bringing manufacturing back to the U.S. would have a more positive impact on unemployment than anything in the federal government's 2012 budget plan. He said it could lower the national unemployment rate from 9 percent to 4 percent.
Recent reports from the Boston Consulting Group and Accenture Consulting suggest that manufacturing jobs are starting to be brought back to the U.S. as companies realize downsides to offshoring. On Nov. 16 at 9:00 a.m. at Chicago's McCormick Place, Moser will lead a session explaining to attendees the true costs of offshoring and the value of reshoring.
Attendees will receive a free copy of the Reshoring Initiative's proprietary Total Cost of Ownership (TCO) Estimator™, a software tool Moser developed to help companies identify and calculate the true cost of sending jobs offshore versus keeping those jobs at home.
Moser created his initiative as a way to rally the industry to bring orders and jobs back to manufacturing companies. The Initiative's program is designed to help manufacturers recognize that local production often reduces the TCO of purchased parts and tooling, can improve their balance sheet, and has been proven to drive product innovation.
"Using TCO lets companies easily shift from making sourcing decisions based just on price to making decisions based on the total impact on company profitability," Moser explained.
Moser's program also suggests ways U.S. suppliers can better meet the needs of their local customers — a plan he said would bring the large companies and local suppliers together to bring orders back.