Despite widespread perception that off-shoring production is cheaper, large manufacturers can be more competitive by working with domestic suppliers, according to the organizers of a new initiative designed to showcase the benefits of sourcing in the United States.
Sponsored by The National Tooling and Machining Association (NTMA), the Precision Metalforming Association (PMA) and AMT – The Association For Manufacturing Technology, the 2010 NTMA/PMA Contract Manufacturing Purchasing Fair: Re-Shoring to Bring U.S. Manufacturing Jobs Back Home is scheduled for May 12 at the Hyatt Regency Irvine Hotel in Irvine, California. The event is intended to provide a one-stop shop for large OEMs to find competitive U.S. contract manufacturers to produce parts and tooling.
“Re-shoring” is a non-protectionist, private sector-driven way to reduce imports (and the trade deficit), increase exports and create jobs, the organizations say. They add that domestic sourcing has become increasingly popular during the past few years as OEMs have faced increasingly higher transportation costs, fuel costs, wages and reject rates in developing countries.
NTMA says the “Re-Shoring Fair” builds on the 50 successful domestically focused events it has hosted during the past 25 years. More than 50 representatives from large OEMs are expected to attend and learn about competitive domestic sourcing opportunities from 200 custom U.S. manufacturers.