What products and components offer the biggest opportunities for reshoring? What advanced manufacturing technology is needed to enable the reshoring? To what degree did the pandemic disrupt supply chains, and how did it affect sourcing? To answer these questions and better understand the needs of the manufacturing technology community, AMT – The Association For Manufacturing Technology and the Reshoring Initiative are asking industry, including OEMs, job shops, technology suppliers and distributors, to participate in an online survey to help in “Rebuilding the Supply Chain.” The survey is open through February 28, 2021.
The survey takes about five minutes to complete. Results will be published in March on the AMT website and on IMTS.com/supply-chain, a one-stop repository for supply chain information, content and guidance resources. The results will also be posted on the Reshoring Initiative website. One of the key survey questions is whether or not OEMs and job shops would value an AMT service to connect OEMs with manufacturing technology solutions for reshoring opportunities.
“Participating in this survey will provide valuable insight on sourcing issues and which processes, products and components face the most pressure from imports and which offer the biggest opportunities to reshore,” says Peter R. Eelman, vice president & CXO at AMT, which owns and produces IMTS – The International Manufacturing Technology Show. “The input we receive helps AMT and IMTS develop resources to help companies make more detailed sourcing assessments and better-informed sourcing decisions.”
“About 20% of what is now imported could be produced here more profitably with currently in-use technology. By matching the best and newest technology solutions to each opportunity, we can accelerate the reshoring trend,” added Harry Moser, founder and president of the Reshoring Initiative.
The survey is one of many activities related to AMT’s Rebuilding the Supply Chain initiative, which has gained greater visibility due to COVID-19 disruptions and shifting the emphasis of IMTS to further support the industrial base. Rebuilding the Supply Chain activities also includes collaboration with the Reshoring Initiative, a not-for-profit organization dedicated to bringing manufacturing back to the United States.
Manufacturing Industry Invited to Take Reshoring Survey
AMT and the Reshoring Initiative will use the survey results to identify which processes, products and components face the most pressure from imports and which offer the biggest opportunities to reshore. Part of AMT’s “Rebuilding the Supply Chain” initiative, the survey is open to OEMs, job shops, technology suppliers and distributors through the end of February.
Year-Over-Year November U.S. Manufacturing Technology Orders Up 1.4%
While November’s $330.3 million represent a decrease of 13.3% from October, AMT’s president says it’s clear ‘the sector did not fare as poorly as originally predicted.’