FOR IMMEDIATE
RELEASE
Please direct all
questions to:
Sandy
Montalbano, Reshoring Initative
T
CHICAGO, Ill. August 20, 2015 — The Reshoring Initiative recently
announced a program in partnership with Walmart to help companies manufacture
more consumer products in the United States.
Walmart
has committed to increase its U.S. purchases by $50 billion annually by January
2023. Harry Moser, founder and president of the Reshoring Initiative observed,
“We were honored to be called on by Walmart to support its Made in USA program.
We estimate the company’s increased purchases will add 300,000 U.S.
manufacturing jobs. Helping Walmart succeed fits our Mission
perfectly.”
The new
program provides direct, personal access to 35 manufacturing trade associations,
companies, banks, U.S. Commerce Department offices and other groups. Each group
has assigned dedicated resources to help companies develop and implement plans
to produce or source more domestically produced goods. The program launch was
coordinated with Walmart’s Open Call and U.S. Manufacturing Summit in
Bentonville, Arkansas, which was attended by the U.S. Commerce Secretary, two
governors and current and prospective suppliers.
The Reshoring Support page on
Walmart’s JUMP (Jobs in U.S. Manufacturing
Portal) site links to the Reshoring Initiative’s Resources for Retail
Suppliers page, which contains resources to facilitate and
accelerate supplier efforts. Issues from product selection, to cost reduction,
managing the transition to reshoring and financing are included for large,
small, foreign and domestic companies. The resources offer guidance to help
manufacturers select products and succeed in profitably producing or sourcing
products in the United States.
“When
Walmart committed to buy an additional $250 billion over 10 years in products
that support American jobs, we knew we could also play an important role as
facilitator and accelerator,” said Cindi Marsiglio, vice president of US
manufacturing at Walmart. “We created Walmart-Jump.com to help companies find
resources on manufacturing in the U.S. The Reshoring Initiative’s support page
is a great addition to that resource library.”
Harry
Moser noted, “Based on published articles accessible in our Library, the Reshoring Initiative
concludes that Walmart has supported at least 43 suppliers to add 4,579 or
more U.S. manufacturing jobs so far, and is currently the largest force driving
reshoring. The Reshoring Initiative is delighted to provide these resources to
accelerate this effort. We call on other retailers to get on board.” He added,
“We thank the 35 groups that have volunteered as resources. Their personal
commitment will make this program a success.”
The Reshoring
Initiative seeks to expand the scope and impact of the Resources for Retail
Suppliers page by incorporating expertise from additional sources and adding
more participating retailers. We call on manufacturers to use the resources,
other relevant groups to volunteer to be listed and retailers that are
interested in Made in USA to provide a contact point to be displayed along with
the Walmart JUMP site.
Companies can help improve manufacturing employment by consistently
utilizing advanced metrics for supply chain sourcing decisions. The Reshoring
Initiative’s Total Cost of Ownership (TCO) Estimator is the best-known
publically available tool for this purpose. The TCO Estimator allows 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.
About The Reshoring Initiative
A 48-year manufacturing industry veteran and retired President of GF AgieCharmilles, Harry Moser founded the Reshoring Initiative to move lost jobs back to the United States. 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.
A 48-year manufacturing industry veteran and retired President of GF AgieCharmilles, Harry Moser founded the Reshoring Initiative to move lost jobs back to the United States. 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.
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SpitsonPublic Relations & Media
Coordinator
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