IMTS Insider

IMTS Insider

The IMTS Insider is your one-stop destination for updates about the show, as well as information on business solutions, manufacturing technology advances, marketing & sales tips, professional development, and industry events. Check your inbox each month for the latest edition!

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Set Aside the Silos for Reshoring Success

Set Aside the Silos for Reshoring Success

Category: ReBuilding and ReShoring Jul 21, 2021

Our global manufacturing infrastructure has largely evolved as asynchronous silos. However, dynamic digital manufacturing technology tools are most useful when fully integrated with each other. We need to elevate our game by thinking holistically and installing these technologies as a comprehensive whole.

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Rebuilding and Reshoring: Reshoring Initiative Mission & Resources

Rebuilding and Reshoring: Reshoring Initiative Mission & Resources

Category: ReBuilding and ReShoring Jun 1, 2021

Reshoring is gaining momentum throughout the country. Discover how the Reshoring Initiative is encouraging companies to bring advanced manufacturing jobs to the United States with resources that accurately assess a company’s total cost of offshoring. See how to shift collective thinking from “offshoring is cheaper” to “local reduces the total cost of ownership.” Gain tips to drive reshoring for your company.

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Rebuilding and Reshoring: Skilled Workforce, the First Priority - Part 1

Rebuilding and Reshoring: Skilled Workforce, the First Priority - Part 1

Category: ReBuilding and ReShoring Jun 1, 2021

A widening skills gap threatens to erode U.S. manufacturing competitiveness and thus our economy. A talent pipeline with a sufficient supply of properly aligned skills is imperative in meeting U.S. manufacturers’ needs for capacity, productivity and innovation. “Rebuilding and Reshoring: Skilled Workforce, the First Priority - Part 1” examines the manufacturing workforce skills gap and its impact on competitiveness and the U.S. economy.

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Rebuilding and Reshoring: How Competitive is U.S. Manufacturing?

Rebuilding and Reshoring: How Competitive is U.S. Manufacturing?

Category: ReBuilding and ReShoring May 13, 2021

Seventy percent of offshoring decisions are based on price. U.S. FOB (Free On Board) price averages 20% above developed countries and 40% above developing countries. Half of the gap would be closed if companies sourced based on Total Cost of Ownership instead of price, thereby recognizing relevant costs and risks amounting to 15 to 25% of price. The government must close the final gap by leveling the playing field. 

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Rebuilding and Reshoring: TCO, A Deeper Dive (Part 1)

Rebuilding and Reshoring: TCO, A Deeper Dive (Part 1)

Category: ReBuilding and ReShoring May 13, 2021

Localization, producing near suppliers and customers, often reduces total cost due to shorter supply chains and contributes to a lean and agile strategy. Total Cost of Ownership (TCO) is the best way to recognize these savings instead of using less accurate measures like Free on Board price. Part one of this two-part series explains how using the TCO metric strategy can help companies uncover easily ignored hidden costs and risks, narrowing the apparent U.S. competitiveness gap

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Rebuilding and Reshoring: TCO, A Deeper Dive (Part 2)

Rebuilding and Reshoring: TCO, A Deeper Dive (Part 2)

Category: ReBuilding and ReShoring May 13, 2021

Get the details and learn how to effectively evaluate the true cost of domestic sourcing vs. offshore sourcing with the Total Cost of Ownership (TOC) Estimator. It’s helped 5,000 companies bring the manufacturing of parts and products back to the United States. Even gain tips for winning sales against offshore competitors.

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Rebuilding and Reshoring: What the U.S. Government Must Do

Rebuilding and Reshoring: What the U.S. Government Must Do

Category: ReBuilding and ReShoring Mar 12, 2021

The United States needs an Industrial Policy. To reverse the trend of goods trade deficits and to boost competitiveness, the United States should acknowledge that a revitalized, price competitive, manufacturing sector is its first priority, necessary to accomplish other key objectives.

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Rebuilding and Reshoring: Four Actions Communities and States Can Take

Rebuilding and Reshoring: Four Actions Communities and States Can Take

Category: ReBuilding and ReShoring Feb 12, 2021

The United States does not have control over the behavior of foreign consumers and governments. However, we have unlimited control over our domestic internal competitiveness initiatives. The federal government controls most of the large reshoring tools but community levers are more accessible. Here are five actions communities can take to collaborate locally to support American competitiveness and rebuild U.S. manufacturing.

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Rebuilding and Reshoring: Proposing a Goal for U.S. Manufacturing Success

Rebuilding and Reshoring: Proposing a Goal for U.S. Manufacturing Success

Category: ReBuilding and ReShoring Feb 1, 2021

The future state of U.S. manufacturing depends substantially on our success in reducing, rather than further increasing, our approximately $800 billion goods trade deficit. That deficit equals about 40% of actual U.S. manufacturing output or about 5 million manufacturing jobs. Our proposed goal: collaborate to balance the trade deficit and rebuild a resilient U.S. manufacturing powerhouse.

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Rebuilding and Reshoring: 7 Actions Technology Suppliers and Distributors Can Take to Help Their Customers

Rebuilding and Reshoring: 7 Actions Technology Suppliers and Distributors Can Take to Help Their Customers

Category: ReBuilding and ReShoring Jan 29, 2021

Technology suppliers and distributors can sell more by helping customers reshore. Take advantage of the current pivot to shorter, localized supply chains for resiliency and agility in the wake of the supply shocks caused by the COVID-19 pandemic. Do what you do best and identify your products that can make U.S. manufacturers competitive enough to reshore!

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Rebuilding and Reshoring: What can contract manufacturers do?

Rebuilding and Reshoring: What can contract manufacturers do?

Category: ReBuilding and ReShoring Dec 14, 2020

U.S. import volume is about 130% of domestic production. A widening skills gap, underinvestment, weak marketing and a narrow scope of core competencies threaten the growth of U.S. manufacturing. These challenges must be addressed so companies can thrive and meet goals for growth. 

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Rebuilding and Reshoring: Collaborative Partnerships

Rebuilding and Reshoring: Collaborative Partnerships

Category: ReBuilding and ReShoring Dec 11, 2020

As the country reevaluates manufacturing, sourcing and purchase decisions, due to tariff and pandemic-induced supply chain turmoil, we should consider the wide-ranging advantages of collaborative partnerships. Reshoring is a team sport; together we can win our shared objective to boost U.S. competitiveness!

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Rebuilding and Reshoring: What can consumers do?

Rebuilding and Reshoring: What can consumers do?

Category: ReBuilding and ReShoring Dec 11, 2020

Studies show that Americans prefer U.S.-made products and that this preference can help bring manufacturing back to the United States. Consumer choices have a real impact on the economy, but some surveys indicate that less than half of consumers tried to purchase U.S.-made goods. Here’s a buying strategy to help you and other consumers  turn  preferences for U.S. goods into more purchases, which will help rebuild the U.S. economy.

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Rebuilding and Reshoring: What can OEMs and Retailers do?

Rebuilding and Reshoring: What can OEMs and Retailers do?

Category: ReBuilding and ReShoring Dec 11, 2020

U.S. companies have, too often, removed manufacturing from their list of “core competencies” focusing instead on finance, marketing, and design. But how can OEMs increase U.S. competitiveness and reshore profitably? Learn to reevaluate the offshoring/reshoring decision and close any remaining cost gaps.

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Rebuilding and Reshoring: Is the United States Too Import-Dependent?

Rebuilding and Reshoring: Is the United States Too Import-Dependent?

Category: ReBuilding and ReShoring Nov 4, 2020

The COVID-19 pandemic revealed the vulnerabilities of 40 years of hollowing out U.S. manufacturing. So, how dependent is too dependent? Understanding the risks will drive our national motivation to achieve a safe balance.

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Rebuilding and Reshoring: 800,000+ Jobs Since 2010

Rebuilding and Reshoring: 800,000+ Jobs Since 2010

Category: ReBuilding and ReShoring Oct 26, 2020

Companies are averting supply chain disaster and pivoting to the “new normal.” Priorities are beginning to shift from cost minimization to more resilient, localized supply chains and risk minimization. With today’s supply chain turmoil, companies are reevaluating their offshore sources, and reshoring is beginning to surge in 2020.

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Rebuilding and Reshoring: How did offshoring get so strong?

Rebuilding and Reshoring: How did offshoring get so strong?

Category: ReBuilding and ReShoring Aug 17, 2020

U.S. manufacturing output growth has been slowing, especially since 2000. Our goods consumption has grown at least as fast as GDP, but we no longer make the majority of what we consume. Understanding why offshoring became so strong will help define how to drive rebuilding the supply chain.

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Rebuilding and Reshoring: Reestablishing Supply Chains by Increasing Competitiveness

Rebuilding and Reshoring: Reestablishing Supply Chains by Increasing Competitiveness

Category: ReBuilding and ReShoring Aug 3, 2020

The U.S. share of global manufacturing has shrunk from about 50% in 1945 to 17% in 2018. How did this trend occur? What success have we had since 2010 in reversing the decline? What needs to be done to restore self-sufficiency, to reestablish U.S. supply chains? How can companies engage and benefit? Get answers.

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