I use a browser plugin that shows me a beautiful photograph, an inspiration quote, the current time and a snapshot local forecast each time I open a new tab. While I often pause momentarily to admire the photo, it is the daily quote I find most useful. It is almost prescient (or due to deep marketing analytics) how often the quote relates to stories I am researching. I realized this once again when I saw this quote from Lisa M. Hayes the other day:
Be careful how you are talking to yourself because you are listening.
Though Ms. Hayes is a relationship coach, her insight seemed apropos after a conversation among the Thermal Group editors: reshoring manufacturing.
At a recent virtual tradeshow, Group Publisher Erik Klingerman spoke with Harry Moser, the founder and president of Reshoring Initiative. Reshoring Initiative focuses on “bring[ing] good, well-paying manufacturing jobs back to the United States by assisting companies to more accurately assess their total cost of offshoring, and shift[ing] collective thinking from ‘offshoring is cheaper’ to ‘local reduces the total cost of ownership.’” Reshoring Initiative offers a number of free tools to help manufacturers begin to reevaluate offshoring as a part of their businesses.
During the nearly 40-minute conversation, available on YouTube at https://youtu.be/U5RJsmgL1Ss, Mr. Moser notes that shorter supply chains are more profitable for OEMs and suppliers. About 900,000 manufacturing jobs have come back to the U.S. since 2010, and the Reshoring Initiative’s goal is to increase that number to 5 million.
Is that number possible? The answer may lie in whether you think it is.