December 10, 2018

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Assembly: Reshoring trend at record levels—What’s next?

PMA mentioned in Assembly article.

Monday, August 07, 2017

For the first time in decades, more manufacturing jobs are returning to the United States than are going offshore. The reshoring trend is at record levels, and I need your help to drive more growth!

We need companies to document their actions and do the math while we work to achieve needed policy changes. Here’s an update on reshoring and actions that we can take together to accelerate the trend.

The tide has turned. The combined reshoring and foreign direct investment (FDI) trends grew by more than 10 percent in 2016, adding 77,000 jobs (tying the 2014 record) and exceeding the rate of offshoring by about 27,000 jobs. In comparison, a net annual average of 220,000 jobs were offshored from 2000 to 2003. The 2016 results bring the total number of manufacturing jobs brought back from offshore to more than 338,000 since the manufacturing employment low of February 2010.

This is exciting progress, but there are still huge opportunities and challenges to bringing back all of the 3 million to 4 million U.S. manufacturing jobs still offshore.

Here’s how you can help. First, apply for the first National Reshoring Award. The Reshoring Initiative, in conjunction with the Precision Metalforming Association (PMA), invites companies that have successfully reshored products, parts or tooling made primarily by metal forming, fabricating or machining to apply. There will be one award for buyers and one award for suppliers. The due date for entries is Sept. 1. The awards will be presented in Milwaukee on Sept. 28 at Sourcing Solutions, a popular procurement program hosted by PMA. You do not have to be a PMA member or attend to win. See if your reshoring is eligible!

Read more here.