It’s no secret that the manufacturing industry is facing a growing shortage in qualified workers. Experts predict that by 2020, there will be more than 3 million jobs available for people with manufacturing experience, but only 2 million workers to fill them. As a result, many companies are looking for ways to increase their productivity and improve their bottom line without having to rely on foreign labor or outsourcing processes overseas. One way they’re doing this is by reshoring manufacturing operations back home—and it’s not just because they want to create American jobs either! Companies all over the world are realizing the benefits of bringing their production back home: reduced costs, increased capabilities, and stronger sustainability efforts among them.
Reducing Cost
Reducing cost is a major benefit of reshoring manufacturing. When you take advantage of the lower labor rates in countries like China, you have to factor in all the additional expenses associated with transporting and managing your product. By manufacturing domestically, you can avoid these costs and still get high-quality products at lower prices than what you would pay for imports.
Reducing cost also comes from implementing lean manufacturing practices such as reducing waste, improving efficiency and reducing inventory levels. These efforts help companies make sure their operations are running smoothly so they can produce more goods with fewer resources–keeping expenses down while increasing productivity at the same time!
Enhancing Flexibility
One of the biggest benefits of reshoring manufacturing is the ability to respond to changes in demand. If you’re a company that manufactures products for customers who need their products on a regular basis, it’s easy for them to come up with new designs or ask for modifications. With flexible manufacturing, you’ll be able to quickly ramp up production and get those changes made quickly–without having to wait weeks or months while your product is shipped from overseas.
Expanding Capabilities
If you’re a manufacturer, the move to reshore your operations is an opportunity to expand your capabilities. You’ll gain more control over how your product is made and what it can do–and that means more innovation.
For example, when GE moved its production of energy-efficient refrigerators from China back home to Kentucky in 2015 (after spending $1 billion on new factories), it not only saved money on labor costs but also improved efficiency by eliminating shipping time for components and reducing inventory levels at distribution centers around the world. The result: A better product with lower emissions and higher sustainability ratings than ever before!
Creating a more sustainable business.
As a business owner, you know that sustainability is an important issue. You want to do your part to protect the environment, but you also need to keep costs down and make sure that your business is profitable. The good news is that there are many ways in which manufacturers can create a more sustainable process without sacrificing profits or quality.
Here are some examples:
- Use recycled materials instead of virgin ones (e.g., using plastic bottles rather than raw petroleum). This will reduce energy consumption and pollution while saving money on freight costs by reducing weight by up to 40%.
- Reduce waste by reusing scrap materials during manufacturing processes so as not to have any leftover products lying around after assembly has been completed–these could be sold off as second-hand goods instead of being thrown away! This practice also helps cut down on labor costs because fewer workers will be needed for each product line if there aren’t any extra pieces lying around waiting for disposal later down the line when production ends up being less efficient than expected due bad planning beforehand.”
Conclusion
Re-shoring is a great way to enhance your business and make it more sustainable. By bringing manufacturing back to the U.S., you can save money on transportation costs and reduce pollution from overseas shipping. Plus, by expanding your capabilities with new equipment or processes, you’ll be able to respond better in times of shortage or demand fluctuations.
With increasing foreign espionage and overreliance on overseas manufacturing, there has never been a more pressing time to bring manufacturing back home. Have peace of mind that Forculus Home’s supply chain and manufacturing is proudly 100% American-made.
About Forculus Home
Forculus Home is a 21st century home security company that takes its name from a lesser-known Roman deity, Forculus, the protector of gates, thresholds, and openings. The Forculus Home ecosystem embodies that spirit by providing an array of smart home security solutions to protect against increasingly advanced network threats passing through the thresholds of your home.
Founded by Taylor Sulik, Coast Guard Intelligence Officer veteran, physical and cybersecurity consultant, and Fortune 500 risk management professional, Forculus Home brings enterprise-level security and analytical experience to home networks.
Forculus Home is proud to be an American-made company. We believe in ending foreign reliance, bringing manufacturing back home, and upholding the highest levels of quality and reliability in everything we do.
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