{"id":1921,"date":"2016-03-28T17:45:56","date_gmt":"2016-03-28T17:45:56","guid":{"rendered":"https:\/\/cantruck.ca\/reshore-manufacturing-could-boost-na-freight-volumes\/"},"modified":"2025-01-10T16:50:22","modified_gmt":"2025-01-10T16:50:22","slug":"reshore-manufacturing-could-boost-na-freight-volumes","status":"publish","type":"post","link":"https:\/\/cantruck.ca\/fr\/reshore-manufacturing-could-boost-na-freight-volumes\/","title":{"rendered":"\u2018Reshore\u2019 Manufacturing Could Boost NA Freight Volumes"},"content":{"rendered":"<p>Reshoring \u2013 the idea to bring back so-called \u201cadvanced manufacturing\u201d back to North America \u2013could create a \u00ab\u00a0multiplier effect\u00a0\u00bb for freight flows, leading to more \u201cfreight touches\u201d and translating into greater need for capacity, according to some freight market analysts.<\/p>\n<p>As reported by <em>Fleet Owner<\/em>:<\/p>\n<p>The logistics system may \u201ctouch\u201d freight once or twice if it is delivered via containers to West Coast ports, explained John Larkin, managing director and head of transportation capital markets research at <a href=\"http:\/\/www.stifel.com\/\">Stifel Capital Markets<\/a>, during a conference call with reporters last week. But if the goods are produced in North America, that results in many more touches. \u201cThus reshoring presents a multiplier effect on freight moving around,\u201d he said.<\/p>\n<p>Rosemary Coates, executive director of the <a href=\"http:\/\/www.reshoringinstitute.org\/\">Reshoring Institute<\/a>, noted there are many transportation and logistics effects associated with reshoring, a concept strategy that began to pick up steam in 2012 following an 11-year period of strong \u201coffshoring\u201d of manufacturing from the U.S. predominantly to China.<\/p>\n<p>By Coates\u2019 estimation, reshoring can bring some 750,000 jobs back to the U.S. largely in the \u201cadvanced manufacturing\u201d sector, where the production of more \u201chigh dollar\u201d finished goods such as small motors, molded plastics, and high-end textiles.<\/p>\n<p>She also believes reshoring is more than a fad:<\/p>\n<ul>\n<li>More than half of American companies over $1 billion in revenues say they are reshoring now or considering it.<\/li>\n<li>Walmart has made a significant impact by pledging $250 billion over 10 years to buy goods made in America.<\/li>\n<li>Surveys indicate that consumers are willing to pay 10% to 12% more for products made locally.<\/li>\n<li>State, local and federal governments are supporting efforts to bring manufacturing back via tax and investment incentives.<\/li>\n<\/ul>\n<p>Though such \u201cadvanced manufacturing\u201d will require more robotics, 3D printer, and higher skilled \u2013 and thus more expensive \u2013 labour, shorter and more secure supply chains will help reduce the \u201cstructured cost\u201d of such goods over time, she said.<\/p>\n<p>Reshored manufacturing brings production as close to the consumer as possible, meaning more regionalized \u2013 even localized \u2013 distribution patterns for goods, she indicated; a trend that could potentially help motor carriers develop more \u201cbalanced\u201d lanes that get drivers home more frequently.<\/p>\n<p>Still, Coates thinks reshoring is returning manufacturing to North American shores \u201clike raindrops\u201d as opposed to the \u201cTsunami-like\u201d offshoring induced.<\/p>\n<p>Yet it\u2019s a trend picking up speed as since 2003 the rate of offshoring decreased by 70% of 80%, while reshoring initiatives increased 1500% over the same time span.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reshoring \u2013 the idea to bring back so-called \u201cadvanced manufacturing\u201d back to North America \u2013could create a \u00ab\u00a0multiplier effect\u00a0\u00bb for freight flows, leading to more \u201cfreight touches\u201d and translating into&#8230;<\/p>\n","protected":false},"author":2,"featured_media":401,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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