Kudos to the Reshoring Initiative @ReshoreNow  and @harrymoser for recognition of their efforts to bolster American manufacturing. Though there are at times strategic benefits to outsourcing/off-shoring, I’ve seen this approach to cost savings too often put to premature use. Labor costs, as a growing number of manufacturers worldwide now understand, is just part of the equation. 

 

The value of cost savings gained through lower labor rates must also be measured against […]