A frightening number of manufacturing jobs have been, and are being, sent offshore. The plastics industry has lost its share of those jobs. An increasing number of all kinds of these manufacturing projects is now being brought back to the U.S. Reshoring is the word coined to describe this practice and that is the topic of this article. Actually, this is more of a story about one man who is making a difference.
A number of factors are contributing to reshoring. One of the more important is the hidden costs of the offshore manufacturing of products that will be sold in this country.
Many industry observers have long suspected that buyers at original equipment manufacturers were being seduced by low part-cost quotations. In many cases, purchasing decisions were based on these incomplete part costs without giving consideration to the additional costs associated with offshore manufacturing.