Reshore Production Now
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Author | : William A. Levinson |
Publisher | : CRC Press |
Total Pages | : 189 |
Release | : 2023-06-08 |
Genre | : Business & Economics |
ISBN | : 1000880214 |
This book addresses the vital importance of reshoring US manufacturing capability to ensure economic and military security and then discusses the proven methods that the United States used to gain manufacturing supremacy in the first place. The vital takeaway is: If the job can be made sufficiently productive, the per-unit labor cost ceases to be relevant which means a business can pay high wages, realize high profits, and deliver low prices simultaneously. The contest is then not between high wages and cheap labor, but between efficiency and inefficiency and, when automation is involved, machine against machine. Readers will be able to put these principles to work very quickly to achieve tangible results. The relatively low Federal minimum wage has meanwhile become a major issue, but inflation skyrocketed in the second quarter of 2022 when higher wages, and higher demand for goods and services, were not matched with higher productivity. The book addresses the relationship between the money supply and the velocity of money to prices, wages, and productivity. A manufacturing resurgence in the United States will not only increase our standard of living enormously but generate taxable economic activity that will help pay down rather than increase the Federal debt. Higher productivity also delivers a greater supply of goods to accompany higher wages, and thus works against inflation. This can prevent looming recessions and disruptions.
Author | : Alessandra Vecchi |
Publisher | : Springer |
Total Pages | : 234 |
Release | : 2017-07-10 |
Genre | : Business & Economics |
ISBN | : 3319588834 |
This book examines key aspects of the increasingly important phenomenon of reshoring – the decision of companies to reverse offshoring by bringing manufacturing back from overseas. The aim is to equip readers with a full understanding of the current extent of reshoring, its drivers, and the associated opportunities and challenges. The impact of governments’ economic policies on the location choices of entrepreneurs in an era of globalization is carefully analyzed, drawing on experiences in the United States and Italy, where contrasting encouragement is provided for reshoring decisions. The effect on reshoring of recent developments regarding technology, the environment, and other factors is assessed in depth, and readers will also find close scrutiny of the relationship between reshoring and manufacturing performance. The book will be of interest to all academics, researchers, and practitioners with an interest in the manufacturing industry and will be an excellent teaching aid for a variety of courses in different disciplines at both undergraduate and postgraduate level.
Author | : K. Säfsten |
Publisher | : IOS Press |
Total Pages | : 706 |
Release | : 2020-12-24 |
Genre | : Technology & Engineering |
ISBN | : 1643681478 |
Knowledge-intensive product realization implies embedded intelligence; meaning that if both theoretical and practical knowledge and understanding of a subject is integrated into the design and production processes of products, this will significantly increase added value. This book presents papers accepted for the 9th Swedish Production Symposium (SPS2020), hosted by the School of Engineering, Jönköping University, Sweden, and held online on 7 & 8 October 2020 because of restrictions due to the Corona virus pandemic. The subtitle of the conference was Knowledge Intensive Product Realization in Co-Operation for Future Sustainable Competitiveness. The book contains the 57 papers accepted for presentation at the conference, and these are divided into nine sections which reflect the topics covered: resource efficient production; flexible production; virtual production development; humans in production systems; circular production systems and maintenance; integrated product and production development; advanced and optimized components, materials and manufacturing; digitalization for smart products and services; and responsive and efficient operations and supply chains. In addition, the book presents five special sessions from the symposium: development of changeable and reconfigurable production systems; smart production system design and development; supply chain relocation; management of manufacturing digitalization; and additive manufacturing in the production system. The book will be of interest to all those working in the field of knowledge-intensive product realization.
Author | : Ade Asefeso MCIPS MBA |
Publisher | : AA Global Sourcing Ltd |
Total Pages | : 125 |
Release | : 2014-08-14 |
Genre | : Business & Economics |
ISBN | : 1500841293 |
Reshoring is essentially the opposite of offshoring, it is a term used to describe the act of bringing back offshored manufacturing to a country. In the beginning of 2011, for the most part, most people thought that this was just impossible, that there would be no reshoring to the U.S. or UK, that everything was going to China, manufacturing was leaving both countries and it will never come back and I think the striking thing is how much that's changed in the last three years. You went to China because it was just so cheap you couldn't help it; but if you've got the engineers and people in the U.S. or UK, and the customer base in the U.S. or UK, you'd like to be close to the customer. It gives you a shorter supply chain.
Author | : Louis E. Boone |
Publisher | : John Wiley & Sons |
Total Pages | : 656 |
Release | : 2019-12-09 |
Genre | : Business & Economics |
ISBN | : 1119501334 |
Contemporary Business, Third Canadian Edition, is a comprehensive introductory course. Rooted in the basics of business, this course provides students a foundation upon which to build a greater understanding of current business practices and issues that affect their lives. A wide variety of global issues, ideas, industries, technologies, and career insights are presented in a straightforward, application-based format. Written in a conversational style and edited for plain language, Contemporary Business ensure readability for all students, including students for whom English is their second language. The goal of this course is to improve a student’s ability to evaluate and provide solutions to today’s global business challenges and ultimately to thrive in today’s fast-paced business environment.
Author | : Navi Radjou |
Publisher | : John Wiley & Sons |
Total Pages | : 263 |
Release | : 2024-10-01 |
Genre | : Business & Economics |
ISBN | : 1394273061 |
Humanity's pursuit of greatness meets the reality of finite resources In The Frugal Economy: A Guide to Building a Better World With Less, award-winning author Navi Radjou delivers an incisive and engrossing treatment of how human beings facing climate change can reconcile our built-in drive to “do more” and “be better” with our planet's finite resources. You'll discover how we can thrive within planetary boundaries while achieving sustainable growth for generations to come. In this groundbreaking book, enriched with over 100 inspiring examples, you'll learn how to create greater value with less and find: Practical strategies for doing more with less, benefiting both people and the planet Success stories of businesses fueling transformative megatrends like B2B sharing, distributed manufacturing, and triple regeneration Insights into reshaping economic systems to promote social and ecological harmony Whether you're a businessperson, professional, student, academic, policymaker, regulator, or entrepreneur, you can join the movement towards a sustainable future. Get your copy of The Frugal Economy today and become a catalyst for positive change!
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 283 |
Release | : 2023-03-01 |
Genre | : Business & Economics |
ISBN | : 929270088X |
Analyzing how the role of ASEAN economies in global value chains has helped spur their recovery and cut poverty, this publication shows the need to future-proof these critical networks to ensure inclusive, sustainable, and greener growth. It explains how the expansion of cross-border trade networks has helped Southeast Asian economies bolster manufacturing and spark a wave of job creation and innovation. On the flipside, it considers the associated environmental impact and social inequality. Highlighting systemic shocks to global trade, it explains how economic momentum, stronger institutions, and more inclusive growth can help mitigate risks and build resilient economies.
Author | : Torben Pedersen |
Publisher | : Emerald Group Publishing |
Total Pages | : 257 |
Release | : 2017-08-18 |
Genre | : Business & Economics |
ISBN | : 1787432432 |
Recent developments are challenging the traditional separation between advanced and emerging economies as host of knowledge and production-intensive activities, respectively. Authors assess whether the co-location of R&D and manufacturing is critical for development and innovation.
Author | : National Research Council |
Publisher | : National Academies Press |
Total Pages | : 339 |
Release | : 2013-09-27 |
Genre | : Political Science |
ISBN | : 0309291208 |
The Manufacturing Extension Partnership (MEP) - a program of the U.S. Department of Commerce's National Institute of Standards and Technology - has sought for more than two decades to strengthen American manufacturing. It is a national network of affiliated manufacturing extension centers and field offices located throughout all fifty states and Puerto Rico. Funding for MEP Centers comes from a combination of federal, state, local and private resources. Centers work directly with manufacturing firms in their state or sub-state region. MEP Centers provide expertise, services and assistance directed toward improving growth, supply chain positioning, leveraging emerging technologies, improving manufacturing processes, work force training, and the application and implementation of information in client companies through direct assistance provided by Center staff and from partner organizations and third party consultants. 21st Century Manufacturing seeks to generate a better understanding of the operation, achievements, and challenges of the MEP program in its mission to support, strengthen, and grow U.S. manufacturing. This report identifies and reviews similar national programs from abroad in order to draw on foreign practices, funding levels, and accomplishments as a point of reference and discusses current needs and initiatives in light of the global focus on advanced manufacturing,
Author | : Dr. Prabir Jana |
Publisher | : Apparel Resources Pvt. Ltd. |
Total Pages | : 87 |
Release | : 2020-11-05 |
Genre | : Business & Economics |
ISBN | : |
Apparel manufacturing globally remains the same over the last fifty years; only migrated from one country to another in search of cheap labour. Notwithstanding, the changing economics of production and distribution, shifts in consumer demand, the emergence of “fast fashion” and the political agenda of reshoring and sustainable manufacturing are pushing apparel manufacturers to explore radically new ways of creating and capturing value. The fourth industrial revolution more commonly known as Industry 4.0 has already brought a plethora of technologies for adoption in manufacturing. The increased processing power of computing and miniaturization of chip size is making things earlier thought impossible, possible. The reduction in cost of data processing, storing and transferring has made AI and ML affordable for commercial use. The mighty robots changed themselves to safe co-bots to work alongside human workers. A wind of change is visible, and the apparel manufacturing industry is also embracing newer technologies and manufacturing concepts to herald in the new era of future manufacturing. This book details how different technologies are going to shape apparel manufacturing factories of the future.