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w w w.in s i g h t o n m f g . c o m Januar y 2015 • /INSIGHT ON MANUFACTURING | 25 2015 Financials 2013 Financials » 96% of respondents said their business was either quite healthy or healthy. Most Northeast Wisconsin manufacturers are financially strong Reshoring trend shows positive impact, but imports still lead Why U.S. companies reshore production » Delivery Time Improvement 30% » Quality Improvement 29% » Image/Brand (prefer U.S.) 20% » Freight Cost Improvement 20% » Wage Cost Improvement 20% » Total Cost of Ownership 17% » Energy Cost Improvement 14% » Government Incentives 14% » Innovation/Product Differentiation Improvement 13% » Higher Productivity 13% (Categories add to more than 100 percent as companies could select more than one reason) Source: A.T. Kearney's 2014 Reshoring Index, "The Truth About Reshoring: Not What It's Cracked Up to be!" Source: Northeast Wisconsin Manufacturing Alliance 2015 Manufacturing Vitality Index SK I L L E D ® In Wisconsin ® is a registered trademark of Wisconsin Economic Development Corporation. We're doing more than training our workforce, we're preparing highly technical workers to be experts in their fields. That way, you can be the best in yours. With $150 million invested in workforce training, we're making sure our next generation of workers is qualified and ready to jump in where you need them. Because a state invested in its workforce is a state invested in its businesses and their growth. To learn more about customized training programs and statewide workforce development, call 855-INWIBIZ (toll free) or visit Skilled.InWisconsin.com. WE'VE DEDICATED $150 MILLION TO WORKER TRAINING. IN WISCONSIN ® OUR WORKFORCE IS READY TO WORK AS HARD AS YOU DO. Quite Healthy Healthy Unhealthy No Response The trend of reshoring manufacturing activity helped "improve the mood of U.S. manufacturing" since the Recession years, but imports still outpace reshoring activity, according to global management consulting firm A.T. Kearney. While an overall lift in U.S. manufacturing is shown for five straight years since 2009, imports of offshored manufactured goods into the U.S. have increased at a faster rate than any return of manufacturing operations to our soil and, for the 14 top offshoring locations combined, amounted to $630 billion in 2013. 40% 56% 4% 31% 61% 4% 5% 29% 68% 3% 39% 55% 6%