Supply Chain : ReThink

Resources to Assist in ReThinking the Next Steps of Your 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 supply chains.

Watch in-depth interviews, and dive into articles and infographics that explore supply chain challenges in unambiguous detail.

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

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

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: TCO, a Deeper Dive (Part 1)

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

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: How Competitive is U.S. Manufacturing?

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

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: What the U.S. Government Must Do

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

March 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: Proposing a Goal for U.S. Manufacturing Success

ReBuilding and ReShoring: Proposing a Goal for U.S. Manufacturing Success

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: What Can Contract Manufacturers Do?

ReBuilding and ReShoring: What Can Contract Manufacturers Do?

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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Merry & Bright Ideas on Supply Chain

Merry & Bright Ideas on Supply Chain

Dec 8, 2020

Tap into sourcing solutions, resources, and tools to meet today’s challenges. As OEMs and suppliers work to fulfill orders with strong market fluctuations, knowing how to navigate supply chain disruptions is key to competitiveness.

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ReBuilding and ReShoring: Is the United States Too Import-Dependent?

ReBuilding and ReShoring: Is the United States Too Import-Dependent?

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

Rethinking Supply Chain Structure: Lean, Agile, or "Leagile"?

Oct 21, 2020

Options for rethinking a supply chain approach include lean, agile, or a combination of the two, sometimes called “leagile.” Here’s a quick introduction to all three, plus a stress test to help spot supply chain vulnerability.

We’re surviving tariffs, trade wars, and COVID—by the time the next disruption inevitably strikes, will you have created a more resilient supply chain? Options for rethinking your approach include lean, agile, or a combination of the two sometimes called “leagile.”

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Opportunity in a Time of Crisis: State of the Manufacturing Technology Industry

Opportunity in a Time of Crisis: State of the Manufacturing Technology Industry

Oct 20, 2020

The COVID-19 pandemic has exposed a lack of adaptability, flexibility, and resilience in meeting the demand for critical goods, materials, and production equipment in the United States. As it became clear that the United States, over a period of years, had decided to buy, and not build, items that were suddenly critical supplies, equipment builders and manufacturing supply chain management were thrust into public view after having long been in the shadows.

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Strategies to Build Supply Chain Resiliency

Strategies to Build Supply Chain Resiliency

Oct 20, 2020

Supply chains have evolved as an efficient way to source raw materials and parts from the most cost-effective global sources for the manufacture of final products. To date, they have not focused on resiliency, visibility, or redundancy; instead, the goal has been to deliver speed and quality at the lowest cost.

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The Economic Impact and Security of the Manufacturing Technology Supply Chain

The Economic Impact and Security of the Manufacturing Technology Supply Chain

Oct 20, 2020

The supply chain disruptions caused by COVID-19 may have appeared unexpected and sudden, but they are the result of decades of decision-making that led to key parts of the North American manufacturing supply chain being offshored. Often, those decisions made sense. It is profitable for American companies to lower their labor costs and decrease their regulatory burden; but in doing so, many became over-reliant on foreign suppliers, and the supply chain buckled under this recent pressure. The weaknesses in the supply chain are likely to widen and threaten the American industrial base unless action is taken.

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6 Technologies to Strengthen Supply Chains & 3 Ideas for Suppliers

6 Technologies to Strengthen Supply Chains & 3 Ideas for Suppliers

Oct 13, 2020

Tier 1 companies are relying on transformative technologies to get through the pandemic and navigate their future. Familiarize yourself with these accessible assets and learn how to strengthen your own operations and be a part of rebuilding the supply chain.

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Product and Service Evaluation in the Digital Era

Product and Service Evaluation in the Digital Era

Oct 12, 2020

IMTS is different this year, and not just because of COVID-19 and its impact on supply chains. In the era of standard manufacturing technology, conversations between providers and customers are focused on the classic “Ps” of marketing: product, price, performance, people, promotion, and place. Digital manufacturing technology changed that paradigm. As the IMTS community comes together through the IMTS Network and IMTS spark, IMTS suggests participants absorb information within the framework of “3 Es.”

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Rebuilding and Reshoring: How Did Offshoring Get So Strong

Rebuilding and Reshoring: How Did Offshoring Get So Strong?

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

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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3 Reasons Manufacturers Might Use Vendor Managed Inventory

3 Reasons Manufacturers Might Use Vendor Managed Inventory

Jul 20, 2020

To avoid disruptions in production, more companies are taking a cue from Walmart and Amazon. They are using Vendor Managed Inventory or outsourcing inventory for someone else to manage to ensure the right product goes to the right person at the right time.

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Tech Ed Students Using Skills to Fight COVID-19 Social Media

Tech Ed Students Using Skills to Fight COVID-19 Social Media

Jun 26, 2020

Students around the world are putting their CAD-CAM, 3D printing, and metal cutting skills to work making a variety of equipment including respirator masks, ventilator components, and face shields.

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Green is Good for Business

Green is Good for Business

Jun 25, 2020

More than a quarter of manufacturers are now known as “Social Supers,” meaning they are dedicated to improving the environment and the world, according to Deloitte’s 2020 Manufacturing Industry Outlook.

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ReThinking a Tech-Powered Supply Chain

ReThinking a Tech-Powered Supply Chain

Jun 22, 2020

With supply chains disrupted, what can the industry do to adapt and thrive? Leverage data and analytics via a “digital twin,” take your supply chain for regular stress tests, and adopt a flexible API-driven mix of onshore and offshore supply chain for global resilience. Most importantly, avoid short-term thinking that focuses on a cost-averse strategy, which increases risk and is symptomatic of a corporate philosophy that devalues long term thinking.

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Virus & Tariffs Expose Supply Chain Disruptions

Virus & Tariffs Expose Supply Chain Disruptions

Jun 9, 2020

Two longtime manufacturers discuss the industry’s future supply chain, tools to help calculate actual supply costs, and where to find supply chain resources.

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ReBuilding the Supply Chain: How Did We Get Here?

ReBuilding the Supply Chain: How Did We Get Here?

May 19, 2020

COVID-19 forced an intervention when fragile, over-extended supply chains broke and exposed our inability to domestically supply critical items, from N95 masks to circuit boards for ventilators. This article touches on the history of our industry and supply chain.

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IMTS: A Catalyst for ReEnergizing the MT Industry

IMTS: A Catalyst for ReEnergizing the MT Industry

May 4, 2020

Since the first show in 1927, IMTS, under its former name - the National Machine Tool Builders’ Exposition, has had a history of reenergizing the advanced manufacturing industry after challenging times. Take a look back at some defining moments for the industry. IMTS is positioned once again to lead the industry out of a crisis.

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From Three to Thousands

From Three to Thousands

Apr 23, 2020

How Airon, a Small Florida Manufacturer, Quickly Partnered with Ford & GE Healthcare to Make Ventilators.

In just 12 days, good old fashioned American ingenuity helped this team fast-track a ventilator production agreement to help healthcare workers fight COVID-19. Managing a business requires confident leadership in the face of pressure. It's easy to feel uncertain during the pandemic, but what can we do about it? Here are five ideas to foster a resilient business.

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IMTS Community Racing to Help the World Fight COVID-19

IMTS Community Racing to Help the World Fight COVID-19

Apr 3, 2020

Many in the IMTS community are helping the world fight COVID-19. From exhibitors who make tools to media publication partners who are providing online resources, here are some examples of our industry supporting the fight.

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