IMTS Insider

Winning in 2020 with Reshoring

Category: Rebuilding the Supply Chain Jan 28, 2021


The year 2020 didn't have a lot of winners. The 2020 National Metalworking Reshoring Award is trying to change that by honoring and advancing American manufacturers—all by focusing on reshoring opportunities.

Honoring Manufacturers
During the IMTS Network week, Trenton Forging and Die-Tech & Engineering were recognized as recipients of the 2020 National Metalworking Reshoring Award. The award honors companies effectively reshoring products, parts, or tooling made primarily by metal forming, fabricating, casting, or machining, including additive manufacturing. The Reshoring Initiative®, AMT –The Association For Manufacturing Technology , the Precision Metalforming Association (PMA), and the National Tooling and Machining Association (NTMA) sponsor the award.

Founded in 1967, Trenton Forging is a long-time innovator in the forging industry. The company received the award for its impressive ability to compete internationally. Trenton won a large contract with a U.S.-based Japanese automaker over a Japanese competitor.

“We have battled with offshoring for decades, as most U.S. manufacturers have. This product line is a win for Trenton, and a win for American manufacturing,” explained Dane Moxlow, Director of Market/Process Innovation at Trenton. 

Die-Tech & Engineering is a family-owned business located in Wyoming, Michigan. Die-Tech manufactures quality plastic injection molds and dies and is known for speed and the appropriate use of advanced technology. Die-Tech was chosen for the award because it's bucking the assumption that domestic manufacturers cannot competitively produce molds and dies.

“Our ability to collaborate with customers on quick-delivery complex tooling solutions was highlighted by our supplying of tooling to produce ventilator components in days, not the expected weeks or months, at the beginning of the Covid-19 crisis,” said Bill Berry, President and Owner of Die-Tech & Engineering. “We are proud to be an example of what the U.S. supply chain model can accomplish.”

Strengthening U.S. Manufacturing
Changing minds. That’s what Harry Moser, Founder and President of the Reshoring Initiative, is doing. He is fighting offshoring with information—and math.

With a suite of innovative tools, the Reshoring Initiative helps companies more accurately assess the total cost of offshoring more accurately—proving that reshoring can be cost-effective. The Initiative’s ultimate mission is to bring good, well-paying manufacturing jobs back to the United States.

Reshoring Tools 

The Import Substitution Program (ISP) - Want to compete more effectively against international suppliers? The Reshoring Initiative created five customized ISPs to convince and facilitate importing companies to produce or source more domestically. One of the ISPs was specifically built as a sales tool for manufacturers.

Total Cost of Ownership (TCO) Estimator - Want to make more informed sourcing decisions (or help your prospects do the same)? Price is not the only variable. The TCO Estimator is a free online tool that helps companies account for all relevant factors—overhead, balance sheet, risks, corporate strategy and other external and internal business considerations—to determine the true total cost of ownership.
Contribute Now!

During IMTS Network Week, Amber Thomas, Vice President – Advocacy at AMT interviewed Moser. Harry and Amber discussed the intersection of the Reshoring Initiative and Rebuilding the Supply Chain in 2020.

“The cumulative jobs that have been reshored since 2010 is about 600,000 manufacturing jobs, which is close to  5 percent of all U.S. manufacturing,” Moser explained. “If reshoring hadn’t happened, we’d have 5 percent fewer jobs. That’s a lot. Our goal is to reshore millions more.”

One of the key goals of the Reshoring Initiative is to document reshoring trends, Moser noted. The Initiative has also created two powerful tools that manufacturers and suppliers can use to facilitate reshoring (see sidebar).

Moser also highlighted the importance of rebuilding the supply chain, an effort that has gained momentum following the disruptions caused by Covid-19. The Reshoring Initiative worked with AMT to deliver substantive content on how manufacturers can rebuild the supply chain, making it smarter, stronger, and shorter.

Ultimately, Moser encourages all manufacturers to get involved with reshoring. Start researching to see if reshoring makes dollar sense to you.  . OEMs and contract manufacturers are encouraged to apply by June 30, 2021, for the 2021 National Metalworking Reshoring Award.

Rebuilding the Supply Chain
Whether you are an advanced manufacturer, job shop owner, or OEM, you are in the midst of your own supply chain challenges, uncertainties, and questions. In an extraordinary effort to support you, AMT and IMTS are dedicating significant staff and financial resources to help you rethink, reengage, and reestablish supply chains. Visit http://www.imts.com/SupplyChain to learn more!

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