Reshoring in America: The Future Outlook, Current Hindrances & Issues, and Ways to Stimulate Reshoring

Cerasis

Yesterday we spoke about the top motivations and reasons why reshoring in America from offshored facilities has several benefits and what are the statistics of reshoring since 2013. Future Outlook of Reshoring in America. Reshoring in America Outlook in the News & New Polls. Reshoring in America: Hindrances & Current Issues Stifling Reshoring. Further a hindrance to Reshoring in AMerica, the STEM and skills shortage presents another impediment to U.S.

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations. Sourcing consus global e-sourcing source to pay sourcing

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Best-Cost vs. Least-Cost Sourcing

Talking Logistics

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. Kevin is currently the Senior Vice President for Supply Chain Effectiveness at Breakthrough Fuel , but prior to that he was the Senior Director of North America Logistics Operations at Whirlpool, another company that decided to invest in US manufacturing a couple of years ago (see “ Whirlpool, On-Shore Production, and Employee Talent ”).

America’s Manufacturing Future: Hope or Hype?

Enterra Insights

Half a dozen years ago, Brookings Institution analysts, Susan Helper, Timothy Krueger, and Howard Wial, wrote, “Manufacturing matters to the United States because it provides high-wage jobs, commercial innovation (the nation’s largest source), a key to trade deficit reduction, and a disproportionately large contribution to environmental sustainability.”[2] He insists, “The truth is if manufacturing continues to decline, then America will decline.

Universal Supply Chain Misconceptions or “Global Sourcing Lies”

ivalua

In a recent Sourcing Journal Online article, Sourcing is Hard , Mike Todaro, managing director of the Americas Apparel Producers’ Network, quotes Barbara Zeins, an industry expert that published a short list of “9 Big FAT Garment Lies,” which we might as well call “Global Sourcing Lies,” more generally. The post Universal Supply Chain Misconceptions or “Global Sourcing Lies” appeared first on Directworks. Blog Strategic Sourcing Supply Chain

How Sourcing has Reemerged in a Covid-19 World

Jaggaer

For the first three months after Covid-19 hit, virtually every sourcing project , in every sector , was put on hold while companies tried to assess the situation and how best to deal with the epidemic. Diversify Your Sourcing Needs. COVID-19 Sourcing

Small Business Manufacturing in America: Innovate, Design, Develop and Manufacture

Supply Chain View from the Field

I had a remarkable interview with a medium sized supplier today, that has truly found a business model which I believe holds a promise for a new industrial revolution in North America. The approach is built on one of America’s most important capabilities that makes it stand out globally: the ability to generate ideas and bring them to market.

Sourcing Cost and Time Savings for America’s Brightest Orange

Jaggaer

“We have captured many benefits thanks to the decision we took to extend our JAGGAER implementation to include sourcing. And not least, double-digit cost savings on our electronic sourcing bid events.”. Since then OSU has conducted around 900 sourcing events via JAGGAER.

The FAST Act: America’s Infrastructure Promoting the Transportation Industry

Cerasis

America’s infrastructure , which ranges from bridges to potholes, has an average rating of a “D+.” The problems with America’s infrastructure are not specific to any one state. Rather than pouring funding into the Highway Trust Fund blindly, the FAST Act is operating similar to education funding sources. https://www.whitehouse.gov/campaign/rebuild-america. What’s Next for America's Infrastructure? Transportation americas infrastrucutre

Shoring up Sourcing Strategies

Inbound Logistics

Shifting manufacturing operations in Asia back to North America provides companies more control of their supply chains, says Steve Sensing of Ryder Supply Chain Solutions

ThroughPut Inc. Appoints the former Vice-Chairman of Bank of America and Distinguished Business Finance Expert, Luke Helms, to its Advisory Board

ThroughPut

Mr. Helms is the former Vice-Chairman at Bank of America, Vice-Chairman of KeyBank, Chairman and CEO of Seafirst Bank, and a Board Member of LifeLock, ABM Industries, and Manulife. SOURCE ThroughPut Inc. PALO ALTO, California, Sept. 17, 2020 /PRNewswire/ — ThroughPut Inc.,

Shoring up Sourcing Strategies

Inbound Logistics

Shifting manufacturing operations in Asia back to North America provides companies more control of their supply chains, says Steve Sensing of Ryder Supply Chain Solutions

Strategic sourcing and ‘big data’

ivalua

Big data is more than a buzz term, and if you are a strategic sourcing professional, it is a concept that should not be ignored. As a sourcing professional, big data can help you automate and streamline your job – if you have the right tools. This magnifies drastically when you multiply across all of sourcing, as well as suppliers, engineers, and managers. Now let’s turn to why you, as a sourcing professional, should care more about big data.

Made in America Gifts For the Holidays

Material Handling and Logistics

A study done in 2015 by Moneycrashers.com found that consumers preferred made in America for other reasons including: Jobs -- The most common reason shoppers give for buying American is to help save or create jobs in the United States. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Americans prefer to purchase a product that was made in the U.S.

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations.

Made in America, Again

Supply Chain 24/7

It also explores the strategic implications of the shifting cost equation for companies engaged in global sourcing This report, the first in a series, examines the economic trends that point to a U.S. manufacturing renaissance.

An Update on the Reshoring Revolution in America & Some Surprising Facts

Cerasis

While an exact source is unknown, we can assume the majority of U.S. Essentially, the problems with reshoring are reflecting the growing skills gap in America and traditional competitive advantage actions. Customers are more involved in the product lifecycle when Made in America. customers want products made in America. is starting to feel more comfortable with paying slightly more for goods made in America than goods made in China.

10 Ways Machine Learning Can Improve Manufacturing Today

IQMS

Source: McKinsey/Harvard Business Review. Source: Microsoft Azure blog, Implement predictive analytics for manufacturing with Symphony Industrial AI , Boston Consulting Group (BCG) found that manufacturers’ use of AI can reduce producer’s conversion costs by up to 20% with up to 70% of the cost reduction resulting from higher workforce productivity. Source: Boston Consulting Group, AI in the Factory of the Future, April 18, 2018. AI has the potential to create $1.4T to $2.6T

How Machine Learning Is Redefining Supply Chain Management

IQMS

Source: Machine Learning – A Giant Leap for Supply Chain Forecasting, Material Handling and Logistics Conference (PDF, 28 pp., Source: Machine Learning & AI in Transport and Logistics, Frank Salliau & Sven Verstrepen Logistics Meets Innovation Vlerick Brussels – Nov. Source: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp., Source: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp.,

Two Important Questions About the Future of Freight Moves

Talking Logistics

The projections are from BTS’ and FHWA’s latest version of the Freight Analysis Framework (FAF) , “which integrates data from a variety of sources to create a comprehensive picture of freight movement among states and major metropolitan areas by all modes of transportation.”.

Strategic National Stockpiles and Sourcing for the National Interest!

Supply Chain Game Changer

The decision by President Trump to tell 3M to stop shipping masks to Canada and Latin America is astonishing given that all of humanity is facing the same crisis. Trump’s action with 3M raises questions for any country about what their Strategic Stockpiles should be and whether future sourcing decisions and actions should be based on parochial nationalistic needs or magnanimous global needs. to Canada or to Latin America. National versus International sourcing planning.

10 Ways IoT Can Improve Supply Chains

IQMS

32% of enterprises are adopting blockchain to gain greater speed compared to existing systems, and 28% believe blockchain will open up new business models and revenue sources. All Posts Manufacturing Across America Manufacturing Trends & News Technology & Automation IIoT Industrial Internet of Things internet of things iot IQMS Suppy Chain Software logistics Real-Time Monitoring SUPPLY CHAIN COSTS supply chain management WORLD HEALTH ORGANIZATION

Industry 4.0’s Potential Needs To Be Proven On The Shop Floor

IQMS

In the many conversations I’ve had with mid-tier manufacturers located in North America this year, I’ve learned the following: 61% of manufacturers are making large-scale operational improvements to their shop floors, including manufacturing process automation systems in 2019 to continue the strong growth they achieved in 2018. Source: Industry 4.0: Source: Industry 4.0: Source: Industry 4.0: Source: Industry 4.0: Source: Industry 4.0:

Coffee Shops Are Already Running Out of America's Newest Milk Craze

Supply Chain Brain

Food & Beverage All Technology Sourcing/Procurement/SRM Home Page Latest News Home Page Slider Featured Content North AmericaIt’s called oat milk, and baristas love its light, hearty flavor that lets the java beans take center stage. As more consumers choose plant alternatives to dairy, it’s gotten so popular that just in the last month, some coffee shops were left without oat milk for days, even weeks. To meet demand, producer Oatly Inc.

10 Signs A Food & Beverage WMS Needs Help

IQMS

High per-unit costs dominate the financial statements over the last few months with inventory, warehouse management, and logistics costs being the primary sources of cost overruns. Bottom Line: Food and beverage supply chains are the fuel that drives the growth of every food & beverage manufacturer today.

What Is Supply Chain ERP?

IQMS

A Supply Chain ERP system orchestrates and optimizes forecasting, pricing, procurement, sourcing, and inbound product quality levels across the many supplier relationships manufacturers have, providing real-time accounting and financial reporting of each transaction. For the first time, manufacturers can see the impact of the supply chain, sourcing, production, and quality management decisions on the financial performance of their businesses.

Asia 48

Manufacturing Gains From Machine Learning

IQMS

Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Technology and Innovation for the Future of Production: Accelerating Value Creation (38 pp., Source: Digital Factories 2020: Shaping the future of manufacturing (48 pp., Source: Smartening up with Artificial Intelligence (AI) – What’s in it for Germany and its Industrial Sector? (52 Source: Leveraging AI for Industrial IoT (27 pp.,

Truck Driver Shortage Tops America’s Transportation Concerns

GTG Technology Group

Growing demand about truck transportation has stretched America’s trucking industry to its limits. Sources: [link]. The post Truck Driver Shortage Tops America’s Transportation Concerns appeared first on GTG Technology Group. Professionals Are Worried About the Truck Driver Shortage. Even though trucking employment in the United States has reached a record high, the driver shortage remains a major problem.

ERP For Small Business: 10 Features You Need To Accelerate Growth

IQMS

The following ten ERP for small business features bridge that gap and more, enabling small business manufacturers to accelerate growth: An integrated financial reporting system that includes sourcing, production, inventory, and fulfillment costs while being able to create financial statements reflecting production performance in real-time. All Posts Manufacturing Across America Manufacturing Trends & News Technology & Automation

This Week in Logistics News (October 29 – November 2, 2018)

Talking Logistics

The America-Free Trans-Pacific Partnership Is a Done Deal (WSJ – sub. ” Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, Aug. Supply Chain & Logistics Trends This Week in News altitude sickness America-Free Trans-Pacific Partnership Baidu C.H. I’m in beautiful Santa Fe, New Mexico this morning.

How the Pandemic Has Cast a Spotlight Emphasizing Contingency Planning

USC Consulting Group

Evidence of this was the fact that over 60% of respondents said they experienced delays in receiving orders from China, an issue that may have been avoided by dual sourcing. The same can be said for those who use dual sourcing strategies. Particularly popular among manufacturers, dual sourcing serves as a smart fallback because it ensures that if one supplier is unable to deliver a particular product, the alternative likely can.

Making Food & Beverage Supply Chains Pay

IQMS

Source: Dyer, J. All Posts Manufacturing Across America Manufacturing Trends & News Technology & Automation food & beverage food & beverage inventory management food & beverage manufacturing food & beverage supply chain Manufacturing Execution Systems Manufacturing Quality supply chain management warehouse inventory management software warehouse management

How Blockchain Can Improve Manufacturing In 2019

IQMS

Increasing visibility across every area of manufacturing starting with suppliers, strategic sourcing, procurement, and supplier quality to shop floor operations including machine-level monitoring and service, blockchain can enable entirely new manufacturing business models. The business value-add of blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T by 2030 according to Gartner.

Is Soy the Next Palm Oil?

UL EHS- Sustainability

Soy is now South America’s most traded agricultural commodity – with production soaring in response to growing global demand, largely for soy as an animal feed to keep pace with our appetite for meat, eggs and dairy. According to Trase , more than 42% of all soy exports from Brazil in 2016 were covered by a form of corporate zero-deforestation commitment made by soy traders, proving that many companies are now including soy as part of their sustainable sourcing policies.

America First: How a New Slew of Trade Policies Will Impact Supply Chain

Elementum

Diversifying sources of production is another key component in building supply chain resilience. US manufacturing activity dropped slightly in March. According to a report by the Institute for Supply Management, factory owners are increasingly concerned about how new trade restrictions levied by the Trump Administration will affect them.