“We’ve been picking up reshoring opportunities for the past three years, and we go through our own analysis process to address such questions as: ‘How are larger businesses going to reshore? Who are they going to do that with? And do the businesses they are hiring to do it with have the capacity to do it?’” said Michael Araten, President and Chief Executive Officer of The Rodon Group. “
Industry education initiatives
To generate industry awareness about not only the benefits of reshoring versus outsourcing but the state of manufacturing today, The Rodon Group formed a manufacturing consortium with about 50 other companies to go to technical schools and middle schools and provide that outreach.
“Today, when you say the word ‘manufacturing’ to people, they think it’s the ‘I’m on the assembly line wearing a hairnet’ type of scenario,” continued Araten. “But that’s not what manufacturing is anymore. It’s not turning a screw to the right every day for eight hours a day. Now, it’s using robotics and science and tools. It’s engineering and using your creativity and imagination to solve problems. And that is something that is under-reported and not understood by the general population.”
Second Chance Partners is another initiative that combines high school learning with onsite work experiences to provide students with marketable skills necessary in an economy where there is demand to hire.
“These current jobs that merge physical skills, engineering, logic and technology—they are not the station wagon with the wooden side panels of yesterday,” said Orr. “These jobs are Ferrari-esque in terms of their challenges.”
The horizon ahead
The reshoring of jobs is kick-starting manufacturers’ economic investments to meet consumer and market demand in the U.S. With continued spend on capital equipment, facilities expansion, training, software and technology, the U.S. supply chain is taking the reins on current growth and continues to push the limits to overall business improvements. Are you on board?