North America's largest metal forming, fabricating, welding and finishing event heads to Orange County Convention Center in October 2024. FABTECH provides a convenient "one stop shop" venue where you can meet with world-class suppliers, see the latest industry products and developments, and find the tools to improve productivity, increase profits and discover new solutions to all of your metal forming, fabricating, welding and finishing needs.
North America's Largest Metal Forming, Fabricating, Welding and Finishing Event
Here’s a Q&A with FABTECH exhibitor Fabricating.com.You can learn more from Fabricating.com’s Chase Richardson who will be presenting at FABTECH from 8-10 AM on Thursday, November 21.As the reshoring trend gains momentum, how can American manufacturers get in front of work returning to the U.S.?
It’s undeniable; the reshoring trend is real, and it’s gaining momentum. Drawing from the last two weeks alone, a quick Google search turns up the following headlines: “Reshoring Grows From Trickle to Trend,” “Reshoring Gaining Momentum Among U.S. Manufacturers,” “Reshoring Means More Jobs,” “What’s Reshoring? It’s Rightshoring,” and “Big Name U.S. Firms Reshoring from China.”
The recent BCG study statistically confirms what we’ve all been hearing anecdotally. According to the BCG, of the 200 decision makers they surveyed, the share of executives planning to reshore rose 17% in the last year. That same study shows that more than half of U.S.-based manufacturing executives at companies with sales in excess of $1 billion plan to bring production home or are considering it.
With the likes of Walmart, Apple, Motorola, and General Electric getting on board, one thing is clear: a significant amount of work is returning to the U.S.
As production returns home and buyers increasingly look for American supply chain partners, how can U.S. manufacturers best position themselves to get found?
The answer lies in the utilization of online sourcing platforms such as Fabricating.com.
As the only online marketplace exclusively developed for the American manufacturing industry, we work directly with buyers who are making the strategic decision to reshore at least some, if not all, of their production. These newly reshored buyers are increasingly turning to Fabricating.com to locate new U.S.-based supply chain partners. Fabricating.com’s precise matching platform saves buyers time and money, streamlining both their workflow and supplier discovery process. Buy-side professionals are able to to manage quotes, standardize procedures, communicate from one secure, centralized location, and diminish the headache of missing or incomplete engineering drawings and documents.
For Suppliers, we function as a strategic business development tool. Our SourceNow technology enables manufacturers to develop a powerful online presence, which puts them in front of pre-qualified buyers at the moment those buyers are in need of their services. The sourcing system analyzes each RFQ posted online by buyers, then flags the supplier when an opportunity precisely matches their expertise, capacity, and machine assets. Based on detailed engineering drawings and documentation provided, suppliers use the same paperless system to quote for the job.
Breaking into the supply chains of these returning companies can be a huge challenge for small firms-we’re alleviating that burden. We’re proud to support domestic manufacturers. We believe sourcing locally is essential to revitalizing the American economy. In fact, our company was founded on that premise.
Try Fabricating.com for free today.
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For more insight on how manufacturers can utilize online sourcing to get in front of newly reshored work, Chase Richardson will be presenting “Sourcing in America: How Will Buyers Find You” from 8-10 AM on Thursday, November 21. Chase is the Director of Business Development at Fabricating.com.
FABTECH 2024
About the Expo
North America's largest metal forming, fabricating, welding and finishing event heads to Orange County Convention Center in October 2024. FABTECH provides a convenient "one stop shop" venue where you can meet with world-class suppliers, see the latest industry products and developments, and find the tools to improve productivity, increase profits and discover new solutions to all of your metal forming, fabricating, welding and finishing needs.
