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Harry Moser Speaks Reshoring with PMA
In 2010 an initiative with the goal of bringing good, well-paying manufacturing jobs back to the United States by assisting companies to more accurately assess their total cost of offshoring, was started by Harry Moser, founder of Reshoring Initiative.
Moser will speak at Sourcing Solutions ™ powered by the Precision Metalforming Association on September 30 – October 1, 2015 in Cleveland, Ohio. Sourcing Solutions is a powerful procurement program that brings together buyers and suppliers of fabrications, metal stampings, components, special tooling and dies, assemblies and more. The program is designed to introduce buyers to top-quality suppliers in a single location who have been pre-screened based on buyer specifications.
Last week, we had the opportunity to speak to Harry and to ask him a few questions about the mission of the Reshoring Initiative and about his personal connection to this mission.
Harry Moser, Founder, Reshoring Initiative
Q: What drove you to take initiative with this issue?
A: I grew up in Elizabeth, New Jersey and the biggest thing in town was the Singer sewing machine factory. It was the largest factory in the world about 100 years ago, when most people owned a sewing machine. My father and grandfather both helped run the factory, and I also worked there during the summers in high school and college. I drove by one day about 5-10 years ago and the factory was all gone, and everything had been offshored.
Q: How do you encourage companies to consider reshoring?
A: First we document the strengths of the reshoring trend by showing companies the amount that is being reshored, and how other companies in their industry are successful doing it. Second, we promote reshoring by giving presentations around the country to spread awareness of the initiative. Finally, we encourage companies to visit our website and view the Total Cost of Ownership (TCO) estimator to help them evaluate their own operation.
Q: What is your vision for reshoring in America?
A: The goal is to bring jobs back to the United States and to eventually eliminate the trade deficit within 25 years. More specifically, it would be ideal if within 5 years half a million jobs were brought back to the states. If companies continue to use the TCO calculator to make smarter decisions, as well as political and economic stability, we could reach our goals.
Q: How can associations like PMA help this cause?
A: PMA can help by continuing their support and spreading the word about reshoring. By reporting “cases” of members that have reshored, other companies considering reshoring could follow suite. Companies may feel more confident buying American supplier jobs than relying on offshore manufacturing if they have seen success from other companies.
Q: How long do you think China will remain the worldwide leader in manufacturing?
A: The Chinese economy has lost a lot of momentum and credibility recently with the rise in wage rates. As a result, there are an increasing number of companies reshoring back to the United States. To help the cause, consumers should consider purchasing “Made in U.S.A.” products over foreign products, especially significant purchases. Walmart has committed to spending billions of dollars per year on U.S.-made products, and my current project involves helping them accomplish this by 2022.
Q: Can you speak to your involvement in PMA’s Sourcing Solutions event and how this involvement supports your initiative?
A: I will be giving a presentation on what is happening on the trend of reshoring, including how many jobs are coming back, what industries are reshoring, and why they are deciding to come back. I also will be demonstrating how to use the TCO estimator and other tools for making smart sourcing decisions, as well as providing examples for reshoring in the industry.
Thank you for speaking with us, Harry!
For more information about the Reshoring Initiative:
Email - email@example.com
Phone - 1 (847) 726-2975
For information about Sourcing Solutions, visit the event homepage or contact Ilene Schwartz (firstname.lastname@example.org / (216) 901-8800).
President Trump yesterday signed a proclamation placing tariffs of 25 percent on steel imports and 10 percent on aluminum imports. Mexico and Canada are exempted from the tariffs for now. The tariffs take effect at 12:01 a.m. on March 23. The President’s action is the result of recommendations from two Section 232 (national security) investigations conducted by the U.S. Commerce Department.
According to the proclamation, within 10 days, the Commerce Department will announce the process for filing a request for an exclusion for steel and aluminum products not available in the U.S.
These tariffs will place at risk the jobs of millions of Americans who are employed in the metalforming, metal stamping and other U.S. industries that use steel. Restricted availability and increased costs for raw materials will likely lead to current customers sourcing finished products from overseas competitors, who will produce them with foreign steel or aluminum and import them tariff-free.
Blogger: Kathy Kiernan Senior
Vice President & Managing Partner, APPI Energy Retail electricity prices are largely driven
by natural gas prices. Even though your
system operator (PJM, ERCOT, MISO, NEPOOL) is procuring power from a variety of
sources—hydroelectric, wind, solar, nuclear, coal, gas—the way system operators
pay generating plants is based on the last fuel used to meet demand, which is
almost always natural gas. Therefore, the amount you pay per kWh is determined
primarily by the current price of natural gas in your region. Retail electricity prices tend to follow
trends in natural gas prices. Gas prices, however, are significantly more
volatile than electricity prices. For example, when we see gas prices
fluctuate by as much as 70% in a single month, corresponding electricity prices
will generally move in the same direction, but by only around 10%. The change
in electricity prices will also typically lag behind gas prices by a couple of
the financial secto…
Guest Blog: Laurie Harbour President and CEO, Harbour Results, Inc.
In 2016 the U.S. manufacturing industry was relatively stable with overall production slightly up from previous years. Specifically, the automotive tool and die industry was predicted to be busy with forecasted tooling spend on the rise. However, taking a closer look, the year proved to be a bit more challenging. Data collected through the Harbour Results’ Harbour IQ pulse survey (a business intelligence tool for performance, financial, operational, trend and market data), which was completed by more than 100 tool shops globally in the second quarter of 2016, has shown that capacity reached a low of 81 percent among die shops in late 2015 and early 2016, but was expected to rebound to 78 and 86 percent respectively by year end.
So what caused the slow down? Program delays—on average, just over 20 percent of vehicle launches were delayed in 2015 and 2016. Work on hold—in early 2016, 18 percent of all work that had been …