Reshoring manufacturing processes a growing trend
With the increasing cost of running manufacturing operations overseas, many companies are looking for different ways to handle operations and reshoring back to the states is a great way to do this. The Boston Consulting Group found that that a majority of manufacturers are planning to consider reshoring from China to the United States.
A recent article from Digital Journal examined this trend more closely by interviewing Fabricating.com CEO and co-founder Frank Russo. The piece makes the case that the importance of the U.S. manufacturing industry to the fabric of society cannot be overstated , even arguing that it ranks up there with baseball and apple pie.
Manufacturing is part of the entrepreneurial spirit that has helped empower innovation and has been an important piece of surveying the strength of the local economy.
"Global economics are shifting to support a healthy U.S. manufacturing sector and American-made products," said Russo.
However, he went on to say that success in this venture will require the use of "lean practices and advanced manufacturing capabilities." This will help organizations remain competitive when it comes to total cost, quality and delivery.
One of the biggest draws to offshoring was the ability to save money, while creating products in bulk. However, with that price margin decreasing, so too have the main reasons to go offshore, and in some cases it can be more expensive. Businesses can partner with a local systems provide to design and create business management software solutions that can make reshoring as effective as possible.