Harry Moser

@michaelxpettis Michael, Excellent! You write that Chinese productivity is lower than U.S. In reaching that conclusion do you allow for the fact that Chinese FOB prices average about 35% less than U.S.? Thus the value added/hour in the U.S. is higher, creating an illusion of productivity. Best!

In an NYT opinion piece last week Steven Rattner worried that Biden's industrial polices are taking the US away from the benefits of comparative advantage. I argue in this FT piece that his is a very confused understanding of comparative advantage. ft.com/content/8e24a1…

@ADectis @michaelxpettis Avraam, See reshorenow.org. Best!

It is wonderful to see a consensus finally beginning to form on reshoring. I think the two biggest economic mistakes in the last century was the twisted take on comparative advantage and the economic system Russia adopted in 1918. How silly do you have to be to encourage your industries to leave the country? Yet, those leaders who supported it and the economists who told them to, have backed into the bushes, Homer style.

Good piece with what should be an obvious point: "Ignored in all these discussions is the obvious fact that when you don't make for yourself the things you need, you will have to trade for them. If you have to import cars and all sorts of manufactured goods, you will be importing on a large scale; to trade for them you will need to create additional goods or services that you can export on an equally large scale."

@circulartimedot I see your post here.

What's the title of your next reshoring article @harrymoser ?

@DCSCInc Hi, DCSC. I just received this test notification in my inbox at 7:54pm ET today. I logged into Twitter and could not find it.

Hi @harrymoser this is a test!

@_jay_turner @Wellesley Jay, The Reshoring Initiative tracks similar investment information on a broad range of products. See reshorenow.org. If interested, let's cooperate. harry.moser@reshorenow.org Best!

Inflation Reduction Act + 21 months My students at @Wellesley and I are tracking investments in the US electric vehicle supply chain. Here is our post-I.R.A. tally for the US since 8/16/22: 105 new projects $90.1B in planned investments 57,248 new jobs A 🧵

@circulartimedot @ReshoreNow @JimVinoski Recdeived this also

@harrymoser @ReshoreNow Essential, informative, and inspiring. Thank you @harrymoser and @JimVinoski

Watch Harry Moser's interview on Manufacturing Talks. Harry discusses reshoring job figures, how reshoring can cut emissions, and the effect of reshoring on workforce education and development. Watch here: bit.ly/3IH4NCn

@circulartimedot That got thru. Why not the earlier ones? Next article: Are Your Supply Chain Risks Hiding In Plain Sight? Will be in Fab Shop Direct in July. How do I respond so that all participants can see all answers? Thanks!

@samanfarid Saman, great posts. Automation is absolutely essential. Other necessary actions: Get the USD down by 25%, massive shift from liberal arts degrees to technical apprenticeships and universal use of TCO, instead of price, for sourcing and siting. reshorenow.org

So how can we both reshore AND continue to advance our global manufacturing competitiveness? We need more robots in more factories. This is one of the best ways that we can control our costs and maximize our existing manufacturing infrastructure (i.e. run more shifts).

🧵Let’s talk about automation in manufacturing. How many humans are losing their jobs to robots in the manufacturing industry?” @ScottPaulAAM from @KeepitMadeinUSA (Alliance for American Manufacturing) had a great response here on C-SPAN.

@sr_nyc @ReshoreNow @rgthornburgh @mmagliano16 @NNN_Industrial Scott, I would say that skilled workforce is the most necessary condition. In additoin we need a lower USD.

Thorough and good article; I totally agree: skilled labor is the key to supporting our expanding manufacturing base and rapidly evolving supply chains @harrymoser @ReshoreNow @rgthornburgh @mmagliano16 @NNN_Industrial

@sr_nyc @mcbadfw @ReshoreNow Thanks, Louis! Our calculations show we can bring back 2 million mfg. jobs and have only a one time 2% CPI increase if companies use TCO to pick the low hanging fruit products.

Good OpEd by Louis Darrouzet, CEO of @mcbadfw. I strongly agree that there there should, and can be, a tactical reshoring of jobs to the US, most of which will raise living standards but will obviously come with higher prices. @harrymoser and his @ReshoreNow does a good job tracking this data. We also need a greater focus on skilled-trade education, especially #SmartManufacturing. @mikeroweworks has been advocating this for some time! bit.ly/3TfDjdf

@JJuskoIW @ReshoreNow Thanks, Jill. Great to work with Industry Week!

Did the US really #import more goods from #Mexico than China? The Reshoring Initiative's @harrymoser takes a deep dive into the data and says it's doubtful. Here's why. industryweek.com/the-economy/tr… @ReshoreNow

@PIIE There were no efficiency gains from trade with China. Efficiency is output/unit of input. Offshoring to China decreased labor efficiency because Chinese productivity was so much lower. More energy is used for transport. More inventory. Price was reduced due to lower wages.

Escalating fear over China not only implies that countries are increasingly prepared to forego the efficiency gains brought on by trade, but also that the global effort toward increased pandemic preparedness may be at risk from geopolitical tensions. piie.com/blogs/realtime…

@JJuskoIW @ReshoreNow Thanks, Jill. Great to work with you and Laura at IW. Companies that are interested in reshoring can go to reshorenow.org or message me.

@mswmediapods @RickSmithShow @ScottPaulAAM Rick, Nice work. Perhaps I should be a guest. Reshoring Initiative is leading and enabling the reshoring trend. harry.moser@reshorenow.org. reshorenow.org.

New episode of the @RickSmithShow podcast. #MSWMedia Guest: @ScottPaulAAM Listen: podcasts.apple.com/us/podcast/the…

@sr_nyc @mcbadfw @ReshoreNow Thanks, Scott. If companies will make decisions based on TCO instead of FOB price, we can bring back millions of good jobs and only have a one time 2% CPI increase.

@JJuskoIW @ReshoreNow Thanks for running the articxle, Jill. We do not want to become complacent.

@BrookingsEcon @Aarondklein Aaron, Excellent article. I would have liked to see some mention of the positive impact of a lower USD. Our analysis shows we can recover millions of mfg. jobs at the cost of a few % one time inflation if companies do the math correctly.

The US dollar’s role as the world’s reserve currency gives America a unique foreign policy tool. But excessive use of this tool could undermine the dominion of the dollar in foreign exchange markets. @Aarondklein writes in a new paper. brookings.edu/articles/payme…

The revenue/employee data is relevant if the same work is done at each company. I believe Tesla is more vertically integrated, e.g. producing batteries.

@AssemblyMag1 Thanks, Assembly. Reshoring is real. Assembly has played a key role in accelerating the trend!

Are Companies Actually Reshoring? The answer is clearly “yes.” Read the latest Moser on Manufacturing article. Reshoring Unpacked: A Transformational Shift From Global To Local 👉 assemblymag.com/articles/98288… #Reshoring #TotalCostofOwnership #Manufacturing #ManufacturingExcellence