The Reshoring Initiative issued a press release today with their recommendations to President-elect Trump to bolster American manufacturing.
KILDEER, Ill. November 10, 2016 – The Reshoring Initiative recommends a robust national strategy to achieve President-elect Trump’s goal of returning millions of U.S. manufacturing jobs. Candidate Trump focused on seemingly uncomplicated actions such as imposing 35 to 45 percent tariffs on Mexican and Chinese goods, renegotiating trade agreements such as NAFTA and cutting the corporate tax rate to 15 percent. President Trump will need to utilize a broader portfolio of actions, especially those that are proven and can be unilaterally implemented by the U.S. and passed by Congress.
We are available to discuss key topics about manufacturing and trade, such as:
• How many jobs have we actually lost to trade vs. automation?
• How many jobs have come back this decade?
• How many jobs can be brought back if we do not make the U.S. more competitive?
• How many jobs could be brought back if we do make the U.S. more competitive?
• What are the most effective economic changes to enable the jobs to come back?
• How does bringing jobs back relate to the budget deficit, debt, income equality, the environment and defense preparedness?
Harry Moser, president of the Reshoring Initiative, said “The country has a unique opportunity to address a broad range of economic and social issues. Reshoring’s success bringing back hundreds of thousands of jobs in the last six years despite the headwinds faced by U.S. manufacturing is proof that millions can and will be brought back when the headwinds are eliminated.”
Tools for better decisions
The Reshoring Initiative offers many tools and resources to help companies make supply chain sourcing decisions. The Reshoring Initiative’s Total Cost of Ownership (TCO) Estimator™ is the best-known publically available tool for this purpose. It uses advanced metrics that allow users to easily determine the total cost of offshoring by accounting for and understanding the relevant offshoring costs, which include inventory carrying costs, shipping expenses, intellectual property risks and more. www.reshorenow.org
About the Reshoring Initiative
A 50-year manufacturing industry veteran and retired President of GF AgieCharmilles, Harry Moser founded the Reshoring Initiative to move lost jobs back to the U.S. For his efforts with the Reshoring Initiative, he was named to Industry Week magazine’s Manufacturing Hall of Fame in 2010. Additional information on the Reshoring Initiative is available at www.reshorenow.org. The Initiative’s many sponsoring associations and companies are also acknowledged on the site.
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