Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 15 submissions in the queue.
posted by janrinok on Wednesday November 26, @01:11PM   Printer-friendly
from the follow-the-money dept.

Here's a "grassroots" initiative bringing manufacturing back to the USA from Asia, https://reshorenow.org/ It was started by Harry Moser, the third generation of his family involved in USA manufacturing--primarily the Singer Sewing Machine Company... at one time a huge New Jersey factory of 5 million square feet. His main tool is free-to-use software, the

Total Cost of Ownership Estimator

Most companies make sourcing decisions based solely on price, oftentimes resulting in a 20 to 30 percent miscalculation of actual offshoring costs. The Total Cost of Ownership (TCO) Estimator is a free online tool that helps companies account for all relevant factors — overhead, balance sheet, risks, corporate strategy and other external and internal business considerations — to determine the true total cost of ownership. Using this information, companies can better evaluate sourcing, identify alternatives and even make a case when selling against offshore competitors. See Impact of Using TCO Instead of Price for further explanation.

The message makes sense to this AC, don't worry about national politics, work the cost numbers in detail and let the numbers guide purchasing decisions. He reports that many, many purchasing managers never look beyond the simple price quote--of course that will be cheaper from off-shore. The reality is that when all the relevant factors are included, in many cases it's actually cheaper to buy locally.

For a somewhat independent assessment, the Association for Manufacturing Technology (AMT) summarizes the Reshoring Initiative year-end report from 2024 here, https://www.amtonline.org/article/reshoring-initiative-annual-report-287-000-jobs-announced with a Figure 2 caption, "Reshoring Initiative Library: The cumulative number of jobs brought back since 2010 is nearing two million (Figure 2) - about 40% of what we lost to offshoring."


Original Submission

 
This discussion was created by janrinok (52) for logged-in users only, but now has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2, Insightful) by Anonymous Coward on Wednesday November 26, @02:22PM (4 children)

    by Anonymous Coward on Wednesday November 26, @02:22PM (#1425247)

    We have to "reshore" education first

    Starting Score:    0  points
    Moderation   +2  
       Insightful=1, Touché=1, Total=2
    Extra 'Insightful' Modifier   0  

    Total Score:   2  
  • (Score: 2) by JoeMerchant on Wednesday November 26, @02:47PM (2 children)

    by JoeMerchant (3937) on Wednesday November 26, @02:47PM (#1425248)

    >We have to "reshore" education first

    Define education.

    Do you mean job skills training? Yeah, that would help.

    What would help more is if there were jobs available for those skills to apply to after graduation.

    We're pretty far down the Ouroboros / chicken-egg loop, something needs to straighten out the system and get it feeding from renewable resources.

    --
    🌻🌻🌻 [google.com]
    • (Score: 4, Interesting) by krishnoid on Wednesday November 26, @04:10PM (1 child)

      by krishnoid (1156) on Wednesday November 26, @04:10PM (#1425252)

      My first thought was basic reading [slashdot.org], writing [soylentnews.org], and arithmetic [slashdot.org], but maybe those count more as "skills", rather than "education".

      Having jobs available for those skills, though -- isn't that what the new deal [britannica.com] was about almost a century ago?

      • (Score: 4, Insightful) by JoeMerchant on Wednesday November 26, @05:43PM

        by JoeMerchant (3937) on Wednesday November 26, @05:43PM (#1425264)

        > what the new deal [britannica.com] was about almost a century ago?

        Yeah, and the richest 0.1% are being prevented from becoming relatively richer compared to the masses as quickly as they wish by concepts in the New Deal that they have been undermining ever since. Basic education became a veiled target ~20 years ago with a "Malicious Compliance" act of "No Child Left Behind" - they dropped the veil a little while ago and are just gunning for all competent education for the masses now.

        --
        🌻🌻🌻 [google.com]
  • (Score: 1) by khallow on Wednesday November 26, @06:45PM

    by khallow (3766) Subscriber Badge on Wednesday November 26, @06:45PM (#1425282) Journal
    Education never was offshored. And there's more degrees out there than ever before. The problem is quality - which has long been one of the huge problems with US manufacturing.