Offshoring, Reshoring and Onshoring
Whether you want to move a product offshore, bring a product back to North America or manufacture in multiple locations globally, GMI has a solution for you.
Seamless Global Product Migration
GMI Solutions offers migration of product manufacturing that is seamless to our customers. Whether you want to consider moving a product to Asia for manufacturing – or from Asia to the United States, GMI Solutions can help.
- Manufacture products in Asia for consumption in North America
- Manufacture products in Asia for consumption in China (including CCC certified facility)
- Transfer projects to Asia to manufacture locally to enter the hyper-growth Chinese marketplace
- Transfer programs from an offshore facility back to the Unites States for localized manufacturing and control
- Produce product at both locations simultaneously
For many industries and consumers, Made in the U.S.A. is hot again, and the number of manufacturing jobs that are returning to the U.S. or coming to the U.S. for the first time from overseas set a new record level. GMI Solutions has developed a process for seamlessly migrating products between United States and Asia; in either direction.
60,000 manufacturing jobs were added in the U.S. in 2014, versus 12,000 in 2003. These resulted from either reshoring, in which American companies bring jobs back to the U.S., or foreign companies moving production to the U.S., according to a recent study. In contrast, 50,000 jobs were offshored last year; a decline of around 2/3 compared to 2003.
While this is an positive trend to see based on the benefits to the U.S. economy, it is also interesting to note that in the right scenarios, it makes good business sense. Not every product should be a candidate for reshoring, but Total Cost of Ownership calculations are made correctly, it is often surprising to see the dollars in discrete savings.
Often the products that are candidates for reshoring are higher component cost, lower labor content products.
Do any of these apply to you?
- You are manufacturing products in Asia for the North American or global markets and are considering production in North America.
- You have a product that is distributed globally and would like to manufacture in North America and Asia.
- You would benefit from designing in North America and manufacturing in Asia.
- You have a product designed and currently manufactured in China that you would like to get to North American market.
Some facts to remember:
- Reshoring is being driven by powerful forces and will only get stronger. In a survey of American manufacturing companies by the Boston Consulting Group (BCG) in April 2012, 37% of those with annual sales above $1 billion said they were planning or actively considering shifting production facilities from China to America.
- Additional offshoring will likely be limited since most products or companies that would benefit from offshoring have already moved their activities.