Author Kevin O’Marah summarizes the big picture of reshoring by saying “…it is really more about increasingly localized supply chain designs. The idea is not only to reduce risk and total landed cost, but also take advantage of technology trends including robotics, additive manufacturing and internet-of-things to offer more customized products finished closer to the point of sale.” Read More
Certificate Programs Increasing
The U.S. is making progress in bridging the skilled workforce gap. “The U.S. Dept. of Education reports that sub-baccalaureate certificates such as associate’s degrees awarded in construction, manufacturing and transportation, jumped by 67.8% from 2000 to 2012, compared with 46.6% growth in four-year college enrollment during the same period.” Learn more here. The Reshoring Initiative cooperates with NIMS (National Institute for Metalworking Skills) and MSSC (Manufacturing Skill Standards Council). Both have averaged about 15% annual growth in certificates awarded per year for the last 10 years, accelerating higher in the last 2 to 3 years.