Offshoring vs. Reshoring vs. Near-Sourcing: Understanding the Trends and Making the Right Decision for Product Sourcing

    /Michele  /Nash-Hoffspeaker of Training Doyensinvite
    Speaker: Michele Nash-Hoff


    More Trainings by this Expert
    Duration: 60 Minutes
    Product Code: 50796
    Level: Intermediate

OVERVIEW

Ms. Nash-Hoff’s presentation will cover how supply chain management is affecting the decision of where to source manufacturing. She will discuss such factors as hidden direct and indirect costs. Transportation costs, threat of Intellectual Property theft, quality problems, and the new tariffs on steel and aluminum are changing the status quo.

She will present a true understanding of the “Total Cost of Ownership(TCO) concept and share why more and more companies are either choosing to reshore their manufacturing or nearsource in Mexico. The highlight of the presentation will be several real case stories of companies that have either returned work to the U.S. from offshore suppliers or sourced production in Mexico.

WHY SHOULD YOU ATTEND

It is crucial for American companies to make the right decision on where to source manufacturing. Choosing the wrong location can mean the difference between success and failure as a company. Companies need to learn how important it is to carefully consider all of the factors that impact the decision of where to source manufacturing.

This session will discuss when it is appropriate to offshore manufacturing and when it may be risky to do so. The presentation will discuss the factors that are changing the supply chain management strategies and making offshoring less attractive. It will discuss factors that may make it advantageous to nearsource in Mexico rather than offshore or manufacture in America.

The session will show how supply chain personnel and CFOs can play key roles in educating companies on how to assess the true costs of offshoring vs. reshoring vs. near-sourcing. It will clarify which steps to consider while deciding where to source manufacturing.

AREAS COVERED

  • Advantages/Disadvantages of sourcing offshore in China
  • Advantages/Disadvantages of near-sourcing to Mexico
  • Advantages of sourcing in USA
  • What is Total Cost of Ownership
  • Why companies are reshoring to USA
  • Case studies of offshoring, near-sourcing, and reshoring

LEARNING OBJECTIVES

Attendees will have a clear understanding of the advantages and disadvantages of offshoring vs. reshoring vs. near-sourcing.

WHO WILL BENEFIT

  • Presidents/CEOs/CFOs, owners and/or managers of Original Equipment Manufacturers and contract manufacturers
  • Owners, managers, and procurement personnel of job shop companies that are Tier 2 and below suppliers to OEMs.
  • Supply chain professionals
  • Purchasing managers, supervisors, purchasing agents, buyers

SPEAKER

Years of Experience: 15+ years

Areas of Expertise: Sales Processes for Manufacturing Industry

Michele is founder and president of ElectroFab Sales, a sales agency specializing in helping manufacturers select the right processes for their products since 1985. Michele has been president of several  professional and non-profit organizations. She is currently a director on the board of the American Jobs Alliance and Chair of the California chapter of the Coalition for a Prosperous America.

Michele earned a B. A. from San Diego State University and a certificate in Total Quality Management in 1993. She is a 1994 graduate of San Diego's leadership program (LEAD San Diego) and earned a Yellow Belt Certificate in Lean Six Sigma in 2014. She is the author of three books, the latest being the 2012 edition of Can American Manufacturing Be Saved: Why we should and how we can. She is a columnist for Industry Week's e newsline and an authorized speaker for the Reshoring Initiative.

View all trainings by this speaker

Purchase Options

Apologies. This webinar is currently unavailable. Please contact our Customer Support team on +1-720-996-1616 to know more.

refer friend

Approved Enablers of your
Continuing Education Credits

shrmhrci
View all CEU Approved Webinars  

View Similar Trainings

In Cross Industry Functions

  Grant Schneider Time: 01:00 PM EDT | 10:00 AM PDT

Building a Governance Model for Human and Machine Knowledge Cross Industry Functions Wed, July 24 2019

  Arthur J Murray Time: 01:00 PM EDT | 10:00 AM PDT

Managing Multiple Bosses: The Art and Science of "Managing Up" Cross Industry Functions Tue, July 30 2019

  Rebecca Staton-Reinstein Time: 01:00 PM EDT | 10:00 AM PDT