Reshoring Resources

The Assess Costs Everywhere (ACE) tool builds upon ongoing public- and private-sector efforts to guide businesses and communities in determining the total cost of manufacturing overseas versus in the United States and why investing in American pays off. Below are links to some of these efforts.

  • SelectUSA 

    SelectUSA LogoSelectUSA is a federal-wide initiative to promote and facilitate business investment in the United States.SelectUSA is a federal-wide initiative to promote and facilitate business investment in the United States. The SelectUSA team is housed within the Department of Commerce, and coordinates with more than 20 federal agencies to respond to potential investors and help them navigate the U.S. federal system. SelectUSA provides advice and services to foreign investors of all sizes, domestic companies considering reshoring, and U.S. state, regional and local economic development organizations (EDOs).

    SelectUSA offers information about investing in the United States and provides a number of services, including:
    • Business Solutions: SelectUSA works directly with firms to help identify useful federal programs and services, provide information, and establish connections with EDOs.
    • Ombudsman Assistance: SelectUSA works with firms on a case-by-case basis to address issues or questions involving federal regulations, programs, or activities related to existing, pending, and potential investments.
    • Economic Development Organization Counseling: As subject-matter experts, SelectUSA staff can help EDOs successfully recruit and retain investment. 
    • Advocacy for U.S. Cities, States, and Regions: SelectUSA helps level the playing field for U.S. EDOs competing with foreign locations for new foreign direct investment.
  • National Institute for Standards and Technology, Manufacturing Extension PartnershipMEP's Make it in America Program Logo

    The Manufacturing Extension Partnership (MEP) supports job creation now and in the future by encouraging manufacturers to develop products in America. Through a nationwide network of 60 centers, MEP provides a valuable infrastructure that fosters resilient processes for manufacturers to "Make it in America." By providing technical assistance to ensure challenges are addressed, problems are solved, and opportunities are realized, MEP successfully synchronizes public-private partnerships that are creating products and jobs in America. To find your local MEP center, please visit http://www.nist.gov/mep/

    Building upon the Assess Costs Everywhere framwork, MEP has created a Total Cost of Ownership (TCO) tool that allows businesses to determine the total costs of one supplier relative to up to three others under multiple scenarios. TCO focuses on minimizing the total costs while maximizing value to the customer. It encourages a sharper focus on the big-picture concept of complete supply chain optimization. To learn more about TCO, visit MEP’s Reshoring page at http://www.nist.gov/mep/reshoring.cfm.
  • BusinessUSA

    BusinessUSA LogoBusinessUSA is an initiative of the U.S. federal government that makes it easier for businesses and entrepreneurs to access services and information they need to grow, hire, and export.  It is designed to provide easy access and facilitate connections to the most relevant resources from federal, state, and local governments as well as those of non-profit and educational organizations.
  • The Reshoring Initiative, Total Cost of Ownership Estimator

    The Total Cost of Ownership Estimator™ (TCO), developed by the Reshoring Initiative, is a tool that is available for manufacturers to determine the total cost of producing or sourcing products overseas. This tool enables aggregation of all cost and risk factors into one cost for simpler, more objective decision making. TCO analysis often shows there can be a large difference between the price of something and its long term cost. Users can account for all relevant factors when determining their total cost of ownership, including overhead, balance sheet, corporate strategy, and other internal and external business costs. The Reshoring Initiative is an industry-led effort to bring manufacturing jobs back to the U.S. The initiative works with U.S. manufacturers to help them recognize their profit potential as well as the critical role they play in strengthening the economy by utilizing local sourcing and production.
  • University of Lausanne

    Professor Suzanne De Treville of the University of Lausanne has created an innovative tool that uses concepts from quantitative finance to help businesses understand the true cost of extended supply chains. This tool, which is outlined on ACE’s Inventory page, uses a company’s expected demand, lead time, and salvage value to calculate the cost savings that offshoring would need to provide in order to compensate for the risk of stockouts or oversupply. The University of Lausanne has also produced a video presentation that further elaborates these concepts.

Key Data for Calculating Total Costs 

As highlighted in the discussions of costs and risk areas, many online data sources provide valuable data to help firms complete total cost assessments. ACE uses a wide variety of data to provide an overview of costs and risks that might affect businesses considering where to manufacture and source. Links to key data sources cited in ACE are provided below so that businesses can more extensively examine the data relevant to their activities in order to make the most well-informed location decisions. 

Country Comparisons

 

  • Bureau of Labor Statistics, International Labor Comparisons program

    The Bureau of Labor Statistics' (BLS) International Labor Comparisons (ILC) program regularly publishes statistical series of data adjusted to common concepts to facilitate international comparisons. Comparative statistical analyses have been undertaken for two main purposes: (1) to assess U.S. economic and labor market performance relative to other economies, and (2) to evaluate the competitive position of the United States in increasingly global markets.

    ACE cites this source in its discussion of labor costs.

  • Economist Intelligence Unit, Operational Risk Ratings

    The Economist Intelligence Unit (EIU) produces analysis and forecasts on more than 200 countries and six key industries, with some material available for free and most through subscription. EIU's Operational Risk service, Risk Briefing, looks at a broad range of threats facing business operations across 180 markets. The model-based assessments cover issues from politics and security to finance and infrastructure, with commentary that sets the scores in context. The service also includes key risk scenarios for each country and a set of tools to help benchmark risk across countries.

    ACE cites this source in its discussions of labor costs and political and security risks.

  • Department of Commerce, Office of Travel and Tourism Industries, Profile of U.S. Resident Travelers Visiting Overseas Destinations

    The Office of Travel and Tourism Industries (OTTI) collects, analyzes, and disseminates international travel and tourism statistics from the U.S. Travel and Tourism Statistical System. OTTI produces visitation data tables, including a business and pleasure arrivals rate of change analysis and detailed region, country, and port analyses. The annual report on U.S. Resident Travelers Visiting Overseas Destinations provides a wealth of information on the 27 million U.S. residents that travel overseas each year, including the nearly 6 million business travelers.

    ACE cites this source in its discussion of travel costs.

  • Department of State, Foreign Per Diem Rates

    The Department of State establishes per diem rates for reimbursement of U.S. federal government employees traveling to foreign areas on official government business. These rates are calculated monthly and reported separately for Lodging and for Meals & Incidental Expenses. While costs vary across businesses, the Federal government's per diem rates may help establish a cost baseline for daily expenses associated with foreign travel.

    ACE cites this source in its discussion of travel costs.

  • Department of Commerce, U.S. Commercial Service, Country Commercial Guides

    The Country Commercial Guides are the U.S. Commercial Service's annual flagship publications designed to help businesses make smart strategic market entry decisions. The guides contain information on market conditions, purchasing power, consumer trends, distribution channels, navigating entry constraints, best sectors, key contacts, and other topics. There are guides for more than 100 countries, prepared by market experts located at U.S. embassies worldwide.

    ACE cites this source in its discussion of travel costs.

  • World Economic Forum, Global Competitiveness Report

    The Global Competitiveness Report 2012-2013 assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity and prosperity.

    ACE cites this source in its discussions of shipping costs and other inputs.

  • World Bank, Doing Business

    The Doing Business project provides objective measures of business regulations affecting small and medium-sized businesses across 183 economies at the subnational, regional, or city level (for selected cities). It includes factors such as paying taxes, enforcing contracts, obtaining construction permits and electricity, registering property, and importing and exporting.

    ACE cites this source in its discussions of shipping costs, other inputs, regulatory compliance costs, and product quality .

  • U.S. International Trade Commission, Tariff Database of the United States

    This database contains U.S. tariff data by country and product for use in classification of imported merchandise for rate-of-duty and statistical purposes. This resource allows businesses to determine which products incur tariff charges when entering the United States, as well as the tariff rate.

    ACE cites this source in its discussions of shipping and trade financing costs.

  • Department of Energy, Energy Information Administration, International Energy Statistics

    The Energy Information Administration (EIA) publishes data by country, region, and commercial group (OECD, OPEC) for 217 countries, including crude oil production, oil consumption, natural gas production and consumption, coal production and consumption, electricity generation and consumption, primary energy, energy intensity, CO2 emissions, and imports and exports for all fuels. Data also include prices of natural gas and electricity, as well as fuel costs for electricity generation for selected countries.

    ACE cites this source in its discussion of other inputs.

  • STOPfakes.gov

    The Department of Commerce, in conjunction with other Federal agencies, developed the website www.STOPfakes.gov to serve as a resource to aid U.S. intellectual property (IP) holders in their efforts to protect and enforce their IP rights, both at home and abroad.  The website is a one-stop shop of resources to educate and assist businesses, particularly small and medium-sized enterprises (SMEs), as well as consumers, government officials, and the general public.

    ACE cites this source in its discussion of intellectual property.

  • Department of Commerce, U.S. Patent and Trademark Office, Fee Schedule

    The current U.S. Patent and Trademark Office fee schedule, including reduced fees for small entities, is available online.

    ACE cites this source in its discussion of intellectual property.

  • World Bank, Investing Across Borders

    Investing Across Borders
    is a World Bank Group initiative comparing regulation of foreign direct investment around the world. It presents quantitative indicators on economies' laws, regulations, and practices affecting how foreign companies invest across sectors, start a foreign business, access industrial land, and arbitrate commercial disputes.

    ACE cites this source in its discussion of regulatory compliance costs.

  • Consumer Product Safety Commission

    The Consumer Product Safety Commission (CPSC) maintains a searchable online database of over 5,000 product recalls and recall alerts.

    ACE cites this source in its discussion of product quality.

  • World Bank, Multilateral Investment Guarantee Agency

    The World Bank's Multilateral Investment Guarantee Agency (MIGA) has a mandate to promote foreign direct investment in developing countries to enhance growth and development. MIGA produces an annual report on World Investment and Political Risk, which examines general trends in the global economy and FDI, corporate perceptions of political risk, and risk-mitigation strategies, as well as the latest developments in the Political Risk Insurance industry. 

    ACE cites this source in its discussion of political and security risks.

  • Department of State, International Travel Information

    The Department of State's International Travel Information uses a three-tier system to help Americans make decisions about where, and sometimes if, to travel. The three tiers are: country specific information, travel alerts, and travel warnings.

    ACE cites this source in its discussion of political and security risks.