“How Reshoring and Near-shoring of Manufacturing Mitigates Risk, Reduces Cost, and Contributes to Sustainability”
David H. Thoma, MBA, CSCP, LSSBB, CSOP, CMFGE
Founder & Principal of DTC Solutions, Inc.
12:00pm – 1:00pm ET, Tuesday 9^th May 2023
ASCM Greater North Jersey Virtual Meeting

Disruptive change is no stranger to supply chain professionals and their employers, and what better example than the impacts of the logistical and geo-political events driving organizations to de-risk their supply chains? Re-shoring and regionalized manufacturing tactics are much in the news, however reshoring and domestic manufacturing does much more than risk-reduce supply chains. In this presentation David will speak of the benefits that range from wage growth to sustainability.

Key Take-aways/learning points include:

• Localized manufacturing’s role in risk management
• Important elements of cost control when making a near-sourcing decision
• How localized/regionalized manufacturing builds agility
• The “triple bottom line”, manufacturing’s impact on the community

Keywords: Nearshoring, Offshoring, Reshoring

Nearshoring – the practice of transferring a business operation to a nearby country, especially in preference to a more distant one. (Source: Oxford)

Offshoring – the practice of basing some of a company's processes or services overseas, so as to take advantage of lower costs. (Source: Oxford)

Reshoring - the practice of transferring a business operation that was moved overseas back to the country from which it was originally relocated. (Source: Oxford)

Speaker Biography

David Thoma is Founder & Principal of DTC Solutions, Inc. specializing in offering interim leadership in supply-chain operations, change management and process development for manufacturing firms which operate in highly regulated environments. David leverages his corporate experience of 25+ years, in serving the healthcare, aerospace, and general industrial sectors with Fortune 100 and startup companies.  Internationally adept; he has managed initiatives in Asia, Central America, and Europe; and negotiated distributorships in the GCC, UK, Mexico, Germany, and South America.

David is a longtime ASCM/APICS member and Certified Supply Chain Professional. He is also Certified in Sales & Operations Planning, Certified Manufacturing Engineer, Certified Lean Six Sigma Black Belt, and an MBA in Global Management.

https://www.linkedin.com/in/dthoma/

https://www.dtcfirm.com/

Agenda

12:00pm – Presentation
12:45pm – Q&A

This event is free and open to the public. Attendees will earn one point toward APICS certification maintenance.