Mexican Media Brands
Why Reshoring Matters Now More Than Ever
Supply chains can be tricky things—especially when you need quick responses for market changes
#labor #economics
.jpg;width=70;height=70;mode=crop)
Share
One of the things that the COVID-19 crisis has brought into focus (admittedly there is a huge multitude of things that will take a considerable amount of time to be sorted and addressed) is the supply chain in the industry. Which is awfully long. Consequently, responsiveness can be delayed.
To be sure this is one thing when the issue is that of needing something to make ventilators and masks—a stat situation—and entirely another when sourcing parts and components.
But if you think about it, having a long supply chain means that if something happens in the market at time C and you have ordered a shipload of parts from, say, China at time A, you might not get those parts until time D, which could mean that they are less valuable than they were at time A because as a result of what happened at time C (e.g., people are no longer interested in buying whatever).
Which is a somewhat convoluted way of saying: A shorter supply chain might be better. (To be sure, there are other factors that must be considered.)
To that end, Gardner Business Media, the company that brings you AutoBeat, is holding a series of webinars on Reshoring.
As in bringing back production operations from elsewhere.
This is a four-part series that will provide data, proven strategies and case studies of the benefits of Reshoring.
Topics included in the webinars:
- Why Reshoring is profitable for 20-40% of what you and your customers now import
- How to identify the products most eligible to Reshore
- How to quantify the costs and risks of offshoring
- How to convince companies to Reshore and buy from you
The presenter is Harry Moser, a man who founded the Reshoring Initiative after a career in manufacturing. He is presently on the Commerce Department Investment Advisory Council.
The first webinar is this Wednesday, April 29, at 2 p.m. ET. Click here to register.
A portion of the registration fee will go toward supporting the Reshoring Initiative.
RELATED CONTENT
-
Bentley Looking for Apprentices
It is always encouraging to learn about the efforts of OEMs and suppliers that are running apprenticeship programs to help train the future of the industry.
-
Is Brexit U.K. Auto’s Waterloo?
French manufacturers, particularly those in the automotive sector, are making significant investments in robotic technology, according to the International Federation of Robotics (IFR). The organization says that its most recent figures show that the number of robots installed in the French car industry rose 22 percent, to 1,400 units.
-
UPDATE: UAW, GM Reach Tentative Labor Deal
General Motors Co. and the United Auto Workers union have reached a possible deal on a new four-year labor contract covering some 48,000 of the union’s hourly workers in the U.S.