CHICAGO — August 31, 2011 — In his State of the Union address, his Skills for America campaign and lately during his bus tours through the Midwest, President Barack Obama has focused on the need to create manufacturing and technical jobs for American workers. Harry Moser, founder of the Reshoring Initiative and a FABTECH 2011 featured speaker, will discuss how bringing manufacturing back to the U.S. would have a more positive impact on unemployment than anything in the Federal Government's 2012 Budget Plan. He says it could lower the national unemployment rate from 9 percent to 4 percent.
Recent reports from the Boston Consulting Group and Accenture Consulting suggest that manufacturing jobs are starting to be brought back to the United States as companies realize downsides to offshoring. At FABTECH, North America's largest metal forming, fabricating, welding and finishing exposition and conference, scheduled for Nov. 14-17 at McCormick Place in Chicago, Moser will lead a session explaining to attendees the true costs of offshoring and the value of reshoring. Attendees will receive a free copy of the Reshoring Initiative's proprietary Total Cost of Ownership (TCO) EstimatorTM, a software tool Moser developed to help companies identify and calculate the true cost of sending jobs offshore versus keeping those jobs at home.
Moser created his initiative as a way to rally the industry to bring orders and jobs back to manufacturing companies. The Initiative's program is designed to help manufacturers recognize that local production often reduces the TCO of purchased parts and tooling, can improve their balance sheet and has been proven to drive product innovation.
"Using TCO lets companies easily shift from making sourcing decisions based just on price to making decisions based on the total impact on company profitability," Moser explains.
Moser's program also suggests ways U.S. suppliers can better meet the needs of their local customers, a plan he says would bring the large companies and local suppliers together to bring orders back.
Moser will share his views at FABTECH on Wednesday, Nov. 16, 2011 at 9-10 a.m., the third day of the event. The session is free and open to all event attendees.
FABTECH 2011 brings together buyers and sellers from the entire spectrum of companies in metal fabrication, from job shops to manufacturers of automated equipment. Attendees can network and establish business relationships as well as take advantage of more than 100 educational sessions. FABTECH 2011's complete lineup can be viewed at fabtechexpo.com/schedule-at-a-glance.cfm.
Visit FABTECH 2011 for further information, or go directly to Registration. For updates on what will be happening at the event, follow FABTECH on twitter.com/fabtechexpo.
FABTECH is co-sponsored by five industry-leading associations: the American Welding Society (AWS), the Fabricators & Manufacturers Association, International (FMA), the Society of Manufacturing Engineers (SME), the Precision Metalforming Association (PMA), and the Chemical Coaters Association International (CCAI).
If you have questions about the press release or need additional information, please contact SME Public Relations at firstname.lastname@example.org.