After an unsuccessful tryst with China, Independence LED Lighting ended up establishing a new headquarters and manufacturing operation in Wayne, Penn., just under 20 miles northwest of Philadelphia — reshoring all that production work to the U.S.
Using a new finance tool, she shows how the mismatch costs that result from extending the supply chain may well be higher than the lower cost offered by the offshore supplier, leading to reduced profits.
The gathering Tuesday is designed to illustrate growing interest in the United States by firms capable of creating high-paying jobs.
"[The ban] will result in forcing consumers to use products such as reusable bags, which are mostly imported from China, made from foreign oil and are not recyclable," said SPI President and CEO William R. Carteaux.
A recent survey from Entrada Group titled “Where in the World?” posits a rather interesting conclusion: the U.S. is now considered the prime location for low-cost manufacturing, with Mexico a close second, and China — once the mecca of cheaply-produced goods — falling far behind. It’s a far cry from the trends over the last few decades.
When it comes to understanding the need for reliability and maintenance, it’s hard to look further than veterans — they know the stakes if a piece of equipment fails. As a former fighter jet pilot, Michael Aroney is familiar with high-risk endeavors, and what keeps them as low-risk as possible — maintenance is absolutely necessary to the equation.
In the latest loss for the American textiles industry, Fruit of the Loom has announced its plans to close its plant in Jamestown, KY. Work at the facility will be moved to Honduras in an effort to cut costs.
Many past decisions to offshore manufacturing were based on price alone. Today, manufacturers are looking at more than just price when considering sourcing decisions and production locations. But that doesn't mean our supply chain is ready to handle all the potential new business.
CFOs predict increasing revenues, capital investments and hiring while expressing concern about health care costs, maintaining margins and the competition for skilled labor.
“Nearly 80 percent of manufacturers in the U.S. are facing a shortage of skilled labor. In conjunction with the AME Institute and Kronos, we are excited to offer this scholarship that supports and promotes manufacturing as a career path,” says Paul G. Kuchuris, Jr., president, The Association for Manufacturing Excellence.
Two big announcements yesterday, one from Walmart and one from 3D Systems, push for the creation and reshoring of American manufacturing jobs.
Ford Motor Co. is announcing that it will build its Ford F-650 and F-750 trucks at its assembly plant west of Cleveland.
Without solid numbers, many have assumed that most of the offshored jobs go to developing countries where workers are paid near-poverty wages in less than ideal working conditions. However, the researchers said public fear that offshoring to lower-cost countries is putting downward pressure on U.S. jobs may be overblown.
The failure to recognize the static nature of the business coupled with the failure of manufacturers to comply with disciplined global production systems has caused the participants to revisit the value of outsourcing and the opportunities associated with reshoring.
You may get your product faster and cheaper, but manufacturing overseas has its pitfalls. Through a combination of one of the new manufacturing trends, “new-shoring” — creating new jobs closer to home — and smarter international manufacturing practices, small businesses are helping protect their valuable assets.
There is still a far greater emotional response to a factory closing than to an engineering firm opening. It’s not that plant closings are trivial, or that engineering is somehow superior. But there may be a problem with our focus on factories in that it takes energy away from aggressively developing more advanced services.
Technological advancements within the industry have increased need for a highly skilled workforce. In the face of this gap, industry leaders must also contend with aging workforces, negative perceptions of the market, and a lack of up-and-coming workers with the interest or training they need for available positions.
I want to invite you to go take a walk out onto your shop floor. Notice anything else about your workforce? Some of them may be graying and soon preparing to retire. The age of your workforce represents a good opportunity for qualified younger employees to step in and launch their career. The problem you face is finding that young person.
The Competency Framework, created in conjunction with a cross-section of experts from manufacturing and academia, features a comprehensive series of competency models in nine manufacturing functional areas. The new tool is made up of more than 60 defined job role competency models, each outlining knowledge and skill objectives for job roles in production, technician, lead technician/technologist and engineer levels.
U.S. Senator Chris Coons (D-Del) praised President Obama’s memorandum, signed Thursday at a General Electric facility in Waukesha, Wis., to the Secretaries of Labor, Commerce, and Education that instructs a comprehensive review of the nation’s job training programs.
Seeing China’s manufacturing sector shrink is a trend that excites Americans, although it may not actually alleviate much of the pressure around a U.S. unemployment rate of 7.3 percent. The reality, according to many experts, is that the phenomenon is more one of nearshoring than reshoring, as many of these businesses — along with their jobs — head to Mexico.
Check out some of this week's top headlines from across Manufacturing.net, from Intel and Texas Instruments cutting a combined 6,100 jobs to Ralph Lauren's new 'Made in USA' Olympic attire. Also, Chrysler is now a wholly-owned subsidiary of Fiat and Chinese police seized almost 60,000 suspects involved in intellectual property infringement cases with a total estimated value of $28 billion.
The most important feature, though, is its provenance — the United States. During the 2012 London games, Lauren's uniforms were a point of controversy when it was revealed that much of them were made overseas, especially in China. Ralph Lauren Corp. got the message.
In his weekly radio and Internet address, Obama says the U.S. is primed to bring back jobs lost in the recession or to overseas competitors. But he says to make that happen, the U.S. must act to create good-paying jobs and increase economic opportunity.
In late 2013, U.S. Senator Chris Coons (D-Del.) announced the “Manufacturing Jobs for America” initiative, which aims to “train Washington’s focus on manufacturing jobs.” The initiative, with 22 backers in the Senate, all Democrats, wants to bring new legislation to Congress and the President that will help American manufacturers grow.