Many U.S. companies active in China have moved some operations out of the country - 38% relocated to North America.[/caption]
My APICS Inland Empire Chapter hosted a program on "Changing Trade Policies and its Effect on Reshoring" with Michele Nash-Hoff, author of "Rebuild Manufacturing - the key to American Prosperity". And, interestingly, the Institute of Management Accountants (IMA) Orange County chose "Onshoring Profits: Manufacturing is Not Dead Yet" from a long list of topics and asked that I speak on its impact. Thus, it seems only appropriate to discuss a few common themes:
Where are you sourcing from currently? Don't just jump on the new bandwagon of reshoring – but you should give your total cost of ownership a second look as well as dig into your customers' expectations and sourcing impacts. You might just be surprised as to what this new view tells you!
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