Securing your company’s supply chain is more important than ever. With recent disruptions in global commerce, some companies are reevaluating the advantages of bringing their manufacturing back to the US.
In response to the burden Covid-19 has placed on the American economy, the National Association of Manufacturers (NAM) recently released the “American Renewal Action Plan,” as part of a push to accelerate onshoring efforts. The plan states how “Growing the manufacturing base in the United States and onshoring production is vital not only for America’s economic strength and job creation but also to prepare for future health crises.” It encourages lawmakers to act swiftly on their proposed policies and incentives to “catalyze change and to lay the foundation for a renewed modern manufacturing industry in America and a stronger, healthier nation.”
An outline of the policy includes:
· Tax incentives for onshoring
· Tax credits for “earn-and-learn” programs to train a new generation of skilled workers
· Support for research into advanced manufacturing technologies by reversing a law that will cut R&D tax credits beginning in 2022
· Continuing affordable business loans and capital equipment purchases
· Government surplus properties at discounted rates to businesses who will use the land for US manufacturing purposes
· Annually reviewing US competitiveness to make sure our laws support US manufacturing
· Modernizing the process to encourage a swifter process for manufacturing sustainability permits
But what does this all mean for your business?
Offshoring your operations, once a cost-efficient solution, has now become more of a liability due to delays, shortages and changing global priorities. Vulnerable processes cost time, product, and eventually customers. Business’s will need to rethink the practicality of their own business plans and consider moving processes closer to their end users for sustainability.
Continual advances in assembly automation technology mean a more efficient manufacturing process is within reach, and setting that up here, in the US, is easier than ever. With so many custom integrators eager to combine knowledge of emerging technologies with proven methods of engineering solid automation solutions, your future manufacturing processes are sure to be more accurate, more efficient, and more flexible (adaptable) than ever.
Our new mastery of virtual meetings means you don’t even have to set foot outside the office to speak to a custom integrator today and explore all your assembly automation options.
So, contact us or submit a call back request today and let’s get one step closer to a more secure national supply and a more dependable future.