Amerimold Helps North American Molders, Mold Builders Win Work Via Reshoring
The Reshoring Initiative is co-sponsoring Amerimold 2020’s Sourcing Fair to connect North American molders and mold builders with buyers at major OEMs and upper tier suppliers.
The Reshoring Initiative is co-sponsoring Amerimold 2020’s Sourcing Fair to connect North American molders and mold builders with buyers at major OEMs and upper tier suppliers. The 25% mold tariffs and the coronavirus make this the right time for buyers and suppliers.
Registration is open for the 2020 edition, which will take place June 10-11 at the Suburban Collection Showplace in Novi, MI. Amerimold will connect more than 3,000 of the top owners, executives, and engineers involved in the complete lifecycle of the design, manufacture, maintenance and use of molds. The event includes an exhibit hall, a diverse collection of Amerimold Tech Talks, and various production sourcing events. Reshoring Initiative’s Founder and President, Harry Moser, is keynoting “Time to Rethink and Reshore the Manufacturing Supply Chain.”
The Amerimold Sourcing Fair, located directly on the show floor, is a one-of-a-kind event unique to Amerimold. It gives exhibitors and attendees an unmatched opportunity to better their business.
“Today, especially with the Tax Cuts and Jobs Act in effect and tariff and virus uncertainty, U.S. and foreign companies are reevaluating their sourcing and facility siting plans and considering increasing U.S. investment and shifting manufacturing to the United States. They are seeing the benefits of proximity, i.e. producing in the market, especially when the home market in the United States is still the world's largest,” says Moser.
Last year, Amerimold’s Sourcing Fair gave molders and mold builders the chance to connect with OEMs like Toyota, Otter Products, and Scholle IPN. Don Smith, Sr. Tooling Manager – North America, Scholle IPN says, “Participation in Amerimold’s premier Sourcing Fair provided national advertising that showcased the business as a global leader in flexible packaging. With multiple manufacturing facilities across North America, we are always looking to add support for our injection mold fleet who can manufacture “new” molds and maintain existing tooling for our core products. Amerimolds’s Sourcing Fair gave us a platform to visit with 16 world-class tool shops during the two-day event, several of which I am currently vetting. What an incredible time-saver in our search for tooling support.”
Moser adds, “The potential is huge. The timing is right. Reshoring Initiative user data suggests that about 30% of the $2.4 trillion of imports would come back if TCO (Total Cost of Ownership), instead of wage rates or purchase price, were consistently used to make sourcing decisions. Substituting domestic production for 30% of imports will increase domestic manufacturing by 30% and balance the trade deficit. The percentages are much higher with the special tariffs in place on Chinese products.”
Use this data and analysis to help develop a strategic vision for what foreign markets you should explore to grow your sales beyond the U.S.
MoldMaking Technology’s annual Technology Review and Sourcing Guide is an accurate, comprehensive, easy-to-read and easy-to-use use guide for researching today’s technology, equipment, products and services. The year’s latest moldmaking product developments within mold engineering/design, build and maintenance/repair are broken down into 10 sections, including mold materials.
For an outlook on the global tooling market, check out the International Special Tooling & Machining Association's 2013 Statistical Year Book, which includes a look at Canada, China, Czech Republic, Estonia, Finland, France, Germany, Hungary, Italy, Japan, Korea, Latvia, Portugal, Slovenia, Spain, Sweden, Turkey, UK and USA.