As published in Today’s Medical Developments.
During the past decade as overall costs in Asia have soared, a growing number of American companies have moved their production back to North America, whether the U.S. or Mexico. This reshoring and near-shoring manufacturing trend is the subject of Entrada Group’s latest podcast: “Bring it Home – How the U.S. and Mexico Share Common Ground on Manufacturing.”
An important question: “How many jobs have reshored?” is answered in this podcast, hosted by Entrada Group’s Doug Donahue, VP of business development, and Harry Moser, founder and president of The Reshoring Initiative.
Moser reveals how the off-shoring of manufacturing to Asia, which resulted in an average net loss of 150,000 American jobs per year a decade ago, has shifted to today’s reality. He also discusses the role of Mexico.
“The U.S. is unambiguously better off with work coming back from Asia to Mexico than it is with the work staying in Asia,” Moser says. “He adds: “if you can’t get the work back to the U.S. from China or India and you can get, say, part of it to Mexico and part of it to the U.S., it’s better for the U.S. to be part of the winning team then all of the losing team.” This podcast explores some of the statistics behind his sentiment.
Moser and Donahue detail the U.S. states and regions to which companies are reshoring. They also investigate the skills shortage – both perception and reality – in the U.S. as jobs return, looking at the readiness of a workforce that has, in many cases, moved past manufacturing.
Moser, who serves as a leading industry spokesman for reshoring and for developing the skilled manufacturing workforce required by reshoring, reveals in the podcast insight into one industry that is, surprisingly, reshoring at the highest rate of all. Moser, who has more than 45 years of manufacturing industry experience, has both a personal and family background in the sector, through his father and grandfather.
Source: Today’s Medical Developments