Ep. 053 Interview Series: Harry Moser on Unlocking US Manufacturing Opportunity

Business Breaks - All Things Business

Speaker BIO:

Harry Moser is the founder and president of The Reshoring Initiative, a US-based organization dedicated to bringing manufacturing jobs back to the United States. With a focus on both in-house and outsourced production, Moser's work tracks the trend of companies choosing to supply the US with domestic production rather than outsourcing to distant locations. With a background in manufacturing and a commitment to creating jobs and investment in the US, Harry Moser is a leading advocate for reshoring and foreign direct investment in the country.

Key insights:

Environmental Impact and Tariffs
- Suggesting extra tariffs on high emissions products to encourage production in lower emissions places
- Considering moving work from the US to Canada due to lower emissions
- Revised Total Cost of Ownership (TCO) estimator to quantify environmental differences
- The value of US jobs in the context of environmental factors
Skilled Workforce and Job Reshoring
- Shortage of skilled workers in US manufacturing
- AI impact on white-collar jobs more than manual labor jobs
- Uncertainty of reshoring due to government finances and workforce shortage
- Lower US dollar and skilled workforce key to accelerating reshoring
- The future of reshoring and challenges in training a skilled workforce
ReShoring Initiative and US Manufacturing
- Trends in reshoring and foreign direct investment (FDI) tracking
- Peak and fall of job reshoring and FDI due to geopolitical events
- Initiatives to shift the trade deficit and create 6 million manufacturing jobs
- Feasibility and challenges of reshoring
Success Stories and Benefits of Reshoring
- Examples of successful reshoring by companies like GE Appliances and Hobson and Motzer
- Impact of reshoring on reducing emissions and achieving ESG goals
- Challenges and benefits of domestic sourcing
- The importance of localized supply chains and quality control
Challenges and Solutions in Reshoring
- Disparities in manufacturing training and workforce availability in the US compared to other countries
- Higher manufacturing costs and hindrances to manufacturing in the US
- Impact on small businesses and economic activity
- Benefits of reshoring and overcoming supply chain issues
Government Support for Reshoring
- Shifting resources from college degrees to apprenticeships
- Fixing the tax system and implementing a value-added tax
- Incentivizing reshoring through regulations and enhancing standards
Tools and Resources for Reshoring
- TCO estimator and its role in reshoring decisions
- Future inclusion of ESG factors and geopolitical risks in the TCO estimator
- Identifying importers and using the TCO estimator to persuade them to buy domestically
- Federal grant opportunities and targeted funding for import substitution through reshorenow.org
Summary and Call to Action
- The importance of considering total costs and other factors beyond price in supply chain decisions
- Accessing reshorenow.org for programs and tools related to reshoring
- Encouraging businesses to reach out for assistance on reshoring decisions and updates
- Incentivizing reshoring for businesses and the role of government support and regulations

Connect with Harry:

• The Reshoring Initiative

• Harry Moser's LinkedIn profile

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