PMA/NTMA Re-Shoring Initiative to Bring Manufacturing Jobs Back Home Continues
Connecticut to Host Next Contract Manufacturing Purchasing Fair on October 29
Thursday, June 10, 2010
WHO: National Tooling and Machining Association and Precision Metalforming Association
WHAT: NTMA/PMA Re-Shoring Initiative to Return Manufacturing Jobs to the United States
WHEN: Next Contract Manufacturing Purchasing Fair: October 29, 2010
WHERE: Across the United States; Fair to be held at MGM Grand/Foxwoods (Mashantucket, CT)
The National Tooling and Machining Association (NTMA) and the Precision Metalforming Association's (PMA) Re-Shoring Initiative is a non-protectionist to reduce imports (and our trade deficit), increase our "net exports" and create jobs. Re-shoring results in bringing lost manufacturing jobs back to the United States by uniting large manufacturers with competitive domestic suppliers. Going local can reduce a company's TCO (Total Cost of Ownership) and offer a host of other benefits while bringing U.S. manufacturing jobs back home.
This initiative documents for large manufacturers the benefits of sourcing in the United States. A highlight of the campaign to date was the May 2010 NTMA/PMA Contract Manufacturing Purchasing Fair: Re-Shoring to Return Manufacturing Jobs to the United States, where larger U.S. manufacturers (OEMs) found competitive job shops to manufacture parts and tooling. More than 45 representatives from large manufacturers attended and learned about domestic sourcing opportunities from 113 custom U.S. manufacturers. Sixty-four percent of the OEMs that participated in the Fair brought at least some work that was previously off-shored, while other companies brought new domestic sourcing opportunities to participants. The next NTMA/PMA Fair will take place on October 29, 2010 at the MGM Grand/Foxwoods in Mashantucket, CT.
The move to re-shore production has grown increasingly popular in the U.S. over the last few years in the face of higher transportation and fuel costs, higher wage rates and reject rates in developing countries. Companies can re-shore to:
• Reduce pipeline and surge inventory impacts on JIT operations;
• Improve the quality and consistency of inputs;
• Cluster manufacturing near R&D facilities, enhancing innovation;
• Reduce IP and regulatory compliance risk
All while staying cost competitive. To help the OEMs compare the true TCO of local vs. offshore sources, the TCO Estimator was introduced and several OEMs are now Beta testing the system. Reshoring Initiative Leader Harry Moser will present the benefits of reshoring at webinars sponsored by the Fabricators and Manufacturers Association (June 10) and the Association for Manufacturing Excellence/APQC Benchmarking Community of Practice (June 29).
NTMA/PMA spokespersons are available to highlight success stories and provide further details on this initiative. For more information on the campaign contact George Felcyn at 202-828-1715 or firstname.lastname@example.org. Additional information on the Connecticut Fair can be found at http://tinyurl.com/y8lzb8c