(Reshoring Initiative News Release – Harry Moser: 4-27-17) Return One Million Jobs (ROMJ) was created to raise $20 million to bring one million manufacturing jobs to the U.S. from offshore. The project will utilize global data analytics to help companies compare the total cost of supplying the U.S. market via manufacturing offshore vs. domestically. Over the last few decades, as many as four million good paying manufacturing jobs have been lost to foreign nations to reduce costs. In the last few years, costs of production in China and other nations have been increasing, encouraging even many Chinese companies to begin producing in the USA. The Reshoring Initiative, the nation’s leading organization working to return manufacturing jobs to the USA, estimates that as many as one million jobs can be returned based on objective cost analysis. This is the goal of ROMJ and the Reshoring Initiative.
(The entire article from which this summary was taken can be found in the May 8, 2017 edition of NACFAM’s weekly newsletter “Manufacturing Trends.” To receive this edition of the newsletter, e-mail a request to wentzelf@nacfam.org.)