At our recent Annual Meeting of the Gear Association we had a number interesting and informative speakers. One speaker who stood out was Harry Moser who began teaching us some of the reasons we have been hearing so much about “Reshoring American Manufacturing”.
The statistics tell us that in 2014, more than 60,000 manufacturing jobs were brought back to the United States, which equates to a 400% increase since the height of “offshoring” in 2003.
Harry says there are three main drivers as to why American manufacturing jobs are being brought back to the United States:
- Offshore wage increases
- Increased recognition of the previously ignored costs, risks, and strategic impacts of offshoring.
- Reduction of costs through sustainable strategies such as design for manufacturability, innovation, automation and lean.
The Gear Motions Companies are ready to help you, and your top management, understand how buying your precision ground gears onshore can do more for your bottom line AND your throughput, especially if you are looking for precision timing for your precision gear needs.
To learn more of the specifics of how to lower your total cost of ownership (TCO), contact us!