- Access Costs Everywhere (ACE).
- U.S. Cluster Mapping Tool.
- Total Cost of Ownership Estimator™.
The ACE tool provides manufacturers with an analytic framework, as well as links to public and private resources and case studies to factor into the reshoring decision-making process. Total cost assessments help uncover overlooked offshoring expenses, such as trade financing, shipping, inventory, and product quality.
This tool provides access to data regarding regional business and industry clusters. Companies can use it to analyze data down to the county level or to identify concentrations of industries located throughout the United States.
The Reshoring Initiative offers this tool to “help companies account for all relevant factors—overhead, balance sheet, risks, corporate strategy, and other external and internal business considerations—to determine the true cost of ownership.” The tool provides customized calculations based on unique company data, allows for direct cost comparisons, and includes a forecast for strategic planning purposes.
In addition, state, regional, and local economic development organizations (EDOs) offer many resources for companies that want to return to the United States. For example, economic developers can help select sites, recruit skilled workers, find suppliers, secure permits, develop infrastructure, and arrange financial incentives such as tax credits and grants. EDOs can also be valuable partners for logistics firms, especially in identifying and supporting companies returning operations to the community.
With these tools, and with the help of economic developers, manufacturers and the logistics firms servicing them will be well positioned to expand their businesses, improve supply chains, and reap the full benefits of the reshoring trend.
