The impact of offshoring on the U.S. economy and the environment has been significant. Jobs offshored have negatively impacted the environment through higher carbon emissions and other pollution from some developing countries and from long distance transport.
According to a PwC CEO Survey, 87% of industrial manufacturing CEOs say it is important for their company to measure and try to reduce their environmental footprint. Reshoring provides a way to advance company sustainability efforts.
The planet will benefit from more production occurring in the more environmentally responsible locations, and by a dramatic reduction in global freight. Furthermore, the less environmentally responsible locations will have added incentive to achieve higher environmental standards sooner.
The not-for-profit Reshoring Initiative can help.
The not-for-profit Reshoring Initiative’s free Total Cost of Ownership software helps corporations calculate the real P&L impact of reshoring or offshoring. In many cases, companies find that, although the production cost is lower offshore, the total cost is higher, making it a good economic decision to reshore manufacturing back to the U.S. The free TCO estimator can be found on the ReshoreNow dot org website.
