Return One Million Jobs and Reshoring Initiative Cooperating to Bring Back One Million Jobs
|Author: Reshoring Initiative News Release – Harry Moser: 4-27-17|
Date: Sunday, May 14th, 2017
|Return to Archive|
(Reshoring Initiative News Release – Harry Moser: 4-27-17) Return One Million Jobs (ROMJ) was created to raise $20 million to bring one million manufacturing jobs to the U.S. from offshore.
The project will utilize global data analytics to help companies compare the total cost of supplying the U.S. market via manufacturing offshore vs. domestically.
Over the last few decades, as many as four million good paying manufacturing jobs have been lost to foreign nations to reduce costs. In the last few years, costs of production in China and other nations have been increasing, encouraging even many Chinese companies to begin producing in the USA.
The Reshoring Initiative, the nation’s leading organization working to return manufacturing jobs to the USA, estimates that as many as one million jobs can be returned based on objective cost analysis. This is the goal of ROMJ and the Reshoring Initiative.
Carl Carstensen, who recently retired after 37 years with IBM global consulting services with a focus on the industrial sector, is leading ROMJ. “I’ve seen so much offshoring in my career,” said Carstensen. “Although lower labor rates encouraged tens of thousands of manufacturers to relocate production, total cost comparisons today may encourage as many as 25 percent to return jobs to the US.”
Harry Moser, founder of the Reshoring Initiative said, “The Reshoring Initiative is pleased to cooperate on this important project. Funding by ROMJ will allow the Initiative to support ROMJ’s efforts and dramatically increase our own promotion of reshoring and support of companies considering reshoring. The combination of ROMJ’s resources and our tools will make One Million Jobs feasible.”
The Return One Million Jobs campaign is organizing a $20 million fund for a major data analytics program to consider all costs of production in the USA from all 100,000 companies with offshored production and sourcing. (See www.returnomj.com.)
The project will seek to compare the total cost of offshored production with costs in the USA for all offshored manufacturing. Carstensen added, “It’s quite possible to find synergy with thousands of companies bringing back jobs to America. Data analytics may find additional cost reductions as well as an increase in return-incentives.”
ROMJ’s first job is to inspire all 100,000 US manufacturers with offshore production to participate in the free data analytics project. Carstensen added, “If they use the Total Cost of Ownership (TCO) tools from the Reshoring Initiative and advanced data analytics, if they do the math, many manufacturers should want to return jobs to the USA, to increase profits.”
While it's not news to manufacturing companies that workers, of any collar, are hard to find, a new report from the Conference Board found that it is harder to find blue-collar workers than white-collar workers...
Scientists at the Department of Energy’s Oak Ridge National Laboratory have created a recipe for a renewable 3D printing feedstock that could spur a profitable new use for an intractable biorefinery byproduct: lignin...
(IW – Staff: 11-16-18) Despite the widespread fear, and more than enough reports, proclaiming that robots will be taking over the factory floor, it seems that time has not yet come. Humans still perform 72% of manufacturing tasks...
No Featured Articles for this category
Note: documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,
download Adobe Acrobat Reader.
Note: documents in Excel format (XLS) require Microsoft Viewer,
Note: documents in Word format (DOC) require Microsoft Viewer,
Note: documents in Powerpoint format (PPT) require Microsoft Viewer,
Note: documents in Quicktime Movie format [MOV] require Apple Quicktime,