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Decoding Reshoring: Motivations, Challenges and Technological Influences

Mold Making Technology

The number of jobs reshored per year has increased from 6,000 in 2010 to 350,000 in 2022. Most companies make sourcing decisions based solely on price, often resulting in a 20 to 30% miscalculation of actual offshoring costs. ’ higher labor costs Many plastic parts do not pack well, yielding increased freight cost per pound. (3)

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Manufacturing PMI® at 52.8%; July 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

percentage point drop in June 2010. The data should be compared to all other economic data sources when used in decision-making. SOURCE Institute for Supply Management. The Prices Index has been at or above 60 percent for 23 straight months. The month-over-month decline of 18.5 Data and Method of Presentation. Contact: .

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Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

Companies that may be concerned about the viability or performance of a supplier should consider seeking licenses or other rights that would enable to obtain vital components from another source if the supplier does not meet its obligations. Coordinate with Customs Brokers & Freight Forwarders.