While it’s not an Academy Award, it is a big deal for manufacturing. The Reshoring Initiative led by founder Harry Moser was honored recently by Frost & Sullivan’s Leadership Council in the category of Industry Advocacy.
For the past decade, these awards have acknowledged companies and individuals that are shaping the future of global manufacturing. Mr. Moser’s initiative is recognized for its effort to bring well paying jobs back to the United States from other markets and helps companies more accurately access the total cost of off-shoring versus domestic manufacturing.
The initiative’s goal is to shift collective thinking among manufacturers from an attitude that offshoring is less expensive and instead educate them on the idea total cost of ownership, which includes many hidden costs in offshoring manufacturing. The program has seen good success.