The term reshoring is simply used to explain the process of returning domestic product manufacturing from a foreign country back to the home country of where the business’s products are sold. To get a stronger grasp on reshoring, it is important to first start with understanding the difference between shoring and sourcing.
Competition is inevitable and businesses aren't the only entities that have to compete. Since the economic downturn many states have been competing for your business by offering incentives such as tax holidays, training credits, reduced power costs and other credits…
We were excited that during this year’s SOTU address President Obama continued the trend of the last two years in promoting Reshoring, Manufacturing Innovation Institutes and building the middle class. “After shedding jobs for more than 10 years, our manufacturers…
According to the New York Times, the average person who shopped on Small Business Saturday this year spent less than the previous year but the overall spending increased by 2.1 percent. This was due to strong awareness and the sheer volume…
The Reshoring Institute is collaboration between the University of San Diego and Blue Silk Consulting to provide research and support for companies trying to bring manufacturing and services back to America. SILICON VALLEY AND SAN DIEGO, CA, USA, November 3,…
We started working on Reshoring not just because it’s the right thing to do but because we didn’t see a future:a future for not only our grandchildren but also our country. It’s hard to imagine a prosperous future if most…
Does it Still Make Sense to Go Offshore? There was a time not so long ago when it was common wisdom that anything you wanted to manufacture could be made more cost-effectively on foreign shores. Post WWII, the label “Made…
It’s no longer a secret that I’m making great strides in bringing manufacturing and production back to our shores. A few years ago, my colleagues in the bicycle industry laughed at the notion that it would be possible for me…
American companies that produce products in America…what a concept! Buying American products isn’t a new concept, I remember growing up in the 80′s and 90′s and constantly hearing – “Buy American cars and Support America!” At the time American cars…
Interest in reshoring and near-shoring has more than tripled since 2010 as manufacturers scramble to adapt to shifting demand and supply patterns across the globe, according to a recent survey by the Boston Consulting Group. With China’s cost advantage eroding…
Last week we were in Denver, CO for the Walmart US Manufacturing Summit where Walmart recommitted to investing in American-made products. The two-day event started with the Mayor of Denver welcoming us and then stating his case on why Denver…
Before considering how to rebalance your global supply chain, first you should take a look at the changing landscape of manufacturing. Rising costs in China and shifting global economic forces are pressuring companies to reevaluate their global manufacturing strategies and…
Failure is hard. Hard to admit, hard to accept and hard to reflect on.. Last month we discussed how to avoid the pitfalls of reshoring. We used “pitfalls” as a kind way to say “How Not to Fail” but really…
Have you ever tried to do too much at one time? Of course you have, we all have. In most cases it works out with very little fallout. In some cases though, time and money can be lost. Years ago…
Ever since Starbucks announced it was returning the manufacturing of its retail coffee mugs to the U.S.A., Rosemary and I have been checking for them. Every time we are in a Starbucks we turn the mugs over to see where…
Growing up the 3R’s were Reading, Writing and Arithmetic. When looking for an image for this blog I realized that the current 3R’s are Recycle, Reuse and Reduce. Those make more sense than original but for sake of this discussion…
I love it when today’s politics and current events end up in popular television. I recently finished the second season of Netflix’s House of Cards and my ears always perked up when I heard them mention China. We emphasize Reshoring…
Public opinion is a fickle thing. One minute we love a company for exciting new products and then the next we hear that they are using child labor to make their products and we boycott them. How do you recover from…
As we start the new year by packing away our holiday decorations, unpacking our suitcases from traveling to see friends and family, and settling back into our normal routines, it’s normal to reflect on the previous year. We, at Blue Silk…
Regardless of your religious affiliation (or non affiliation), December in the United States means one thing: SHOPPING! Since the start of the recession, retail sales numbers have been our way of judging where the economy is headed. Were people lined up…