Think sourcing off-shore is saving you money? Think again: Going local can reduce your total costs and offer a host of other benefits.
The National Tooling and Machining Association (NTMA) and the Precision Metalforming Association (PMA), in collaboration with the Association for Manufacturing Technology (AMT), will host the first-ever Re-Shoring Fair this May in Irvine, CA. The 2010 NTMA/PMA Contract Manufacturing Purchasing Fair: Re-Shoring to Return Manufacturing Jobs to the United States will provide a one-stop shop for larger U.S. manufacturers (OEMs) to find competitive job shops to manufacture parts and tooling. The fair is for all OEMs; whether they source domestically or currently source offshore. OEMs, job shops and the U.S. economy all stand to benefit from this one-of-a-kind effort.
The move to re-shore production has grown increasingly popular over the last few years in the face of higher transportation and fuel costs, higher wage rates and reject rates in developing countries. Today OEMs are seeking to:
- Reduce pipeline and surge inventory impacts on JIT operations;
- Improve the quality and consistency of inputs;
- Localize manufacturing operations near R&D facilities;
- Reduce IP and regulatory compliance risk,
- Minimize carbon footprint
All while staying cost competitive.
The Re-Shoring Fair seeks to reduce our country's trade deficit by working to reduce our imports, thus increasing our “net-exports.”
Plan to join in order to discover shared competitive interests.