COVID-19 has revealed shortages of medical products due to 90 to 95% dependence on imports, especially from China. The government and companies are scrambling to implement short-term emergency assembly and create domestic sources for critical imported components. Similar dependence is true in many key industry sectors including defense materiel. It is now clear: Shorter supply chains are stronger and more competitive.
Modern Machine Shop’s publisher, Gardner Business Media, is presenting a webinar series in partnership with the Reshoring Initiative and Harry Moser. In the first webinar, Mr. Moser will demonstrate that shorter supply chains are also more profitable for OEMs and suppliers for 20 to 40% of their products. Tools to identify the 20 to 40% will be provided.
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The fist webinar takes place Wednesday, April 29 at 2 p.m. ET. Click here to register.
Each webinar in the four-part series will deliver real data, proven strategies and successful use cases that will empower procurement professionals to shorten and strengthen their supply chains by sourcing parts and services locally.
A portion of the registration cost will go toward supporting the Reshoring Initiative.
Primary topics include:
- Reshoring is profitable for 20-40% of what you and your customers now import
- How to identify the products most eligible to reshore
- How to quantify the costs and risks of offshoring
- How to convince companies to reshore and buy from you
About Presenter Harry Moser
After leading GF AgieCharmilles for 25 years, Mr. Moser founded the Reshoring Initiative to bring 5 million manufacturing jobs back to the United States. Largely due to the success of the Reshoring Initiative, Mr. Moser was inducted into the Industry Week Manufacturing Hall of Fame 2010, participated actively in former President Obama’s 1/11/12 Insourcing Forum at the White House and is on the Commerce Department Investment Advisory Council.
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