Quality is the most common offshore problem cited by companies who have reshored to the U.S. As reshoring in U.S. manufacturing continues to grow, total cost of ownership (TCO) analysis remains a key, underutilized tool that companies can use to make the best sourcing decisions.
Much of offshoring occurred due to corporate failure to do the math, to consider all of the associated costs, strategic impacts and risks. The Reshoring Initiative’s free online Total Cost of Ownership Estimator™ is available to help companies do the math.
This month’s Quality delves into the idea of things coming back around, but it is by no means innocuous. Reshoring, or insourcing, is a hot topic of conversation amongst companies that continue to strive to bring themselves closer to their customers.