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Ep. 053 Interview Series: Harry Moser on Unlocking US Manufacturing Opportunity
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Το περιεχόμενο παρέχεται από το Business Breaks - All Things Business and Dante Healy. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Business Breaks - All Things Business and Dante Healy ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Speaker BIO:
Harry Moser is the founder and president of The Reshoring Initiative, a US-based organization dedicated to bringing manufacturing jobs back to the United States. With a focus on both in-house and outsourced production, Moser's work tracks the trend of companies choosing to supply the US with domestic production rather than outsourcing to distant locations. With a background in manufacturing and a commitment to creating jobs and investment in the US, Harry Moser is a leading advocate for reshoring and foreign direct investment in the country.
Key insights:
Environmental Impact and Tariffs
- Suggesting extra tariffs on high emissions products to encourage production in lower emissions places
- Considering moving work from the US to Canada due to lower emissions
- Revised Total Cost of Ownership (TCO) estimator to quantify environmental differences
- The value of US jobs in the context of environmental factors
Skilled Workforce and Job Reshoring
- Shortage of skilled workers in US manufacturing
- AI impact on white-collar jobs more than manual labor jobs
- Uncertainty of reshoring due to government finances and workforce shortage
- Lower US dollar and skilled workforce key to accelerating reshoring
- The future of reshoring and challenges in training a skilled workforce
ReShoring Initiative and US Manufacturing
- Trends in reshoring and foreign direct investment (FDI) tracking
- Peak and fall of job reshoring and FDI due to geopolitical events
- Initiatives to shift the trade deficit and create 6 million manufacturing jobs
- Feasibility and challenges of reshoring
Success Stories and Benefits of Reshoring
- Examples of successful reshoring by companies like GE Appliances and Hobson and Motzer
- Impact of reshoring on reducing emissions and achieving ESG goals
- Challenges and benefits of domestic sourcing
- The importance of localized supply chains and quality control
Challenges and Solutions in Reshoring
- Disparities in manufacturing training and workforce availability in the US compared to other countries
- Higher manufacturing costs and hindrances to manufacturing in the US
- Impact on small businesses and economic activity
- Benefits of reshoring and overcoming supply chain issues
Government Support for Reshoring
- Shifting resources from college degrees to apprenticeships
- Fixing the tax system and implementing a value-added tax
- Incentivizing reshoring through regulations and enhancing standards
Tools and Resources for Reshoring
- TCO estimator and its role in reshoring decisions
- Future inclusion of ESG factors and geopolitical risks in the TCO estimator
- Identifying importers and using the TCO estimator to persuade them to buy domestically
- Federal grant opportunities and targeted funding for import substitution through reshorenow.org
Summary and Call to Action
- The importance of considering total costs and other factors beyond price in supply chain decisions
- Accessing reshorenow.org for programs and tools related to reshoring
- Encouraging businesses to reach out for assistance on reshoring decisions and updates
- Incentivizing reshoring for businesses and the role of government support and regulations
- Suggesting extra tariffs on high emissions products to encourage production in lower emissions places
- Considering moving work from the US to Canada due to lower emissions
- Revised Total Cost of Ownership (TCO) estimator to quantify environmental differences
- The value of US jobs in the context of environmental factors
Skilled Workforce and Job Reshoring
- Shortage of skilled workers in US manufacturing
- AI impact on white-collar jobs more than manual labor jobs
- Uncertainty of reshoring due to government finances and workforce shortage
- Lower US dollar and skilled workforce key to accelerating reshoring
- The future of reshoring and challenges in training a skilled workforce
ReShoring Initiative and US Manufacturing
- Trends in reshoring and foreign direct investment (FDI) tracking
- Peak and fall of job reshoring and FDI due to geopolitical events
- Initiatives to shift the trade deficit and create 6 million manufacturing jobs
- Feasibility and challenges of reshoring
Success Stories and Benefits of Reshoring
- Examples of successful reshoring by companies like GE Appliances and Hobson and Motzer
- Impact of reshoring on reducing emissions and achieving ESG goals
- Challenges and benefits of domestic sourcing
- The importance of localized supply chains and quality control
Challenges and Solutions in Reshoring
- Disparities in manufacturing training and workforce availability in the US compared to other countries
- Higher manufacturing costs and hindrances to manufacturing in the US
- Impact on small businesses and economic activity
- Benefits of reshoring and overcoming supply chain issues
Government Support for Reshoring
- Shifting resources from college degrees to apprenticeships
- Fixing the tax system and implementing a value-added tax
- Incentivizing reshoring through regulations and enhancing standards
Tools and Resources for Reshoring
- TCO estimator and its role in reshoring decisions
- Future inclusion of ESG factors and geopolitical risks in the TCO estimator
- Identifying importers and using the TCO estimator to persuade them to buy domestically
- Federal grant opportunities and targeted funding for import substitution through reshorenow.org
Summary and Call to Action
- The importance of considering total costs and other factors beyond price in supply chain decisions
- Accessing reshorenow.org for programs and tools related to reshoring
- Encouraging businesses to reach out for assistance on reshoring decisions and updates
- Incentivizing reshoring for businesses and the role of government support and regulations
Connect with Harry:
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