|Date:||Tuesday, May 15, 2012|
|Time:||1pm-2pm ET / 12pm-1pm CT / 10am-11am PT|
|Registration Fee:||Free, courtesy of Louisiana Economic Development
Register now >
Sponsored by Louisiana Economic Development
USA for Business The new trend in on-shoring that will drive CEOs business operations decisions
Has outsourcing to overseas locations outlived its usefulness? While cost and other factors prompting outsourcing offshore linger, the advantages have diminished or evaporated. Accelerating Asian economies and aggressive regional and state business development packages have put the trend in decline. Find out the new, critical parameters framing off-shore vs. on-shore decisions, and the details of many US programs designed to keep business in America.
CEOs scaling operations for the recovery, launching new processes or products, and CEOs seeing less savings and increasing headaches with off-shore programs need the facts.
In this 60-minute, FREE webinar, you will learn:
- Current trends, including rising overseas labor and other costs
- What functions work best outsourced
- Which key metrics to consider to properly evaluate onshore vs. offshore decisions
- Best practices in outsourcing, whether onshore or offshore
- How to reduce outsourcing risks
- How to negotiate with potential partners
- The pitfalls and mistakes made by peer CEOs
- How economic development agencies work with US companies to make on-shoring more attractive than offshoring.
CEOs and other business leaders are finding US business locations offer attractive alternatives to international sites.
This trend, some call “on-shoring”—bringing outsourced businesses back to the USA has led CEOS to quietly focus location strategies on attractive domestic sites. Recent trends suggest that China’s once-overwhelming manufacturing-cost advantage over the U.S. is eroding fast. By around 2015, the cost gap between the U.S. and China could virtually close due to:
- rising Chinese wages (increasing at 15-20% per year),
- higher U.S. productivity,
- a weaker dollar and other factors will virtually close the cost gap between the U.S. and China for many goods consumed in North America. A U.S. manufacturing renaissance could result.
This exclusive, free Chief Executive webinar will present findings from Boston Consulting Group’s “Made in America, Again” and other research defining the trends and new realities of on-shore or offshore outsourcing, as well as “re-shoring” operations established off-shore in not only Asia, but also other geographic theaters.
Chief Executive and Louisiana Economic Development have lined up expert speakers to discuss these vital developments.
Hal Sirkin and Mike Zinser, coauthors of BCG’s ongoing “Made in America, Again” and Matt Jackson, Managing Director of Jones Lang LaSalle’s Business Consulting practice will present their perspectives on re-shoring and the considerations that will drive future manufacturing capacity and global network decisions.
So join Chief Executive magazine and Louisiana Economic Development on May 15th for this important strategic event.
About the Speakers
Hal Sirkin is a senior partner in the Chicago office of The Boston Consulting Group (BCG) and an expert on the subjects of globalization, operations, innovation and change management. He is also lead author of BCG’s ongoing study of “reshoring” – the emerging trend of manufacturing returning to the US from China and other countries. He and his coauthors have predicted a US “manufacturing renaissance” starting by around 2015 due to the shifting economics of global production.
Until recently, Hal was global leader of BCG’s Operations practice, which includes manufacturing, procurement, supply chain management, asset productivity and cost reduction. Prior to that, he served as global leader of the firm’s Information Technology and E-Commerce practices. He has 30 years with the firm and extensive experience across a wide range of topics, industries and geographies.
Hal has been a guest on ABC, NBC, CNN, CNBC, Fox Business Channel, NPR and numerous other broadcast outlets. He has also contributed commentary to leading publications such as The Wall Street Journal, The New York Times, the Financial Times, Bloomberg Businessweek, The Economist, Newsweek and Time.
In addition, he has authored or coauthored numerous publications including three Harvard Business Review feature articles: “Fix the Process, Not the Problems” (1990), “Innovating for Cash” (2003) and “The Hard Side of Change” (2005).
He earned an MBA from the University of Chicago (first in his class) and a BS from the Wharton School (summa cum laude). He is also a CPA.
Mike Zinser is a partner in the Chicago office of The Boston Consulting Group (BCG) and an expert on manufacturing, including lean manufacturing, end-to-end supply chain and network optimization, post-merger integration, LCC production and transformation initiatives. He is an author of BCG’s ongoing study of “reshoring” including the reports Made in America, Again and U.S. Manufacturing Nears the Tipping Point.
Mike originated BCG’s Rapid Plant Operations Diagnostic and is the firm’s topic leader on Manufacturing in the Americas. He leads the BCG team that selects the Assembly Plant of the Year award winner, along with Assembly magazine. The annual award recognizes a manufacturing facility in the United States that has applied world-class processes to reduce production costs, increase productivity, shorten time to market, or improve product quality.
He has coauthored articles for the Harvard Business Review Online and bcgperspectives.com, and has been featured in leading news outlets such as The New York Times, Associated Press, Forbes, ABCNews.com, MSNBC.com and The Huffington Post.
Mike earned an MBA from Stanford University and a BBA in Finance from Notre Dame (first in his class).
Matt Jackson is a Managing Director in the Jones Lang LaSalle Strategic Consulting Group. He is based in Washington DC. Mr. Jackson is responsible for assisting companies with global strategy, cross border direct investment, location strategy, incentives negotiations, portfolio strategy and occupancy optimization.
Mr. Jackson has 17 years experience assisting corporations with the global configuration and optimization of corporate operations to achieve revenue, margin and innovation objectives. Mr. Jackson specializes in assisting companies with global business platform design, cross border direct investment strategy, manufacturing platform strategy, office platform strategy, SG&A process configuration, structural cost reengineering, work place strategy, location strategy, incentives negotiations and site selection. Mr. Jackson has conducted more than 250 related engagements for corporate clients.
He has worked extensively in many of the world’s key markets for international expansion including Argentina, Australia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Costa Rica, Dominican Republic, Egypt, Hungary, India, Indonesia, Ireland, Malaysia, Mexico, New Zealand, Panama, Philippines, Poland, Puerto Rico, Russia, Singapore, Switzerland, Thailand, and the United States.
Mr. Jackson has been interviewed for articles on global strategy, portfolio and work place related topics for Time International, Industry Week, Commercial Property News, Business Expansion Journal, CoreNet and the Baltimore Sun. He has also published articles in industry magazines such as CoreNet, Global Corporate Xpansion, Area Development, Supply Chain Management, and the Journal of Business Strategy, and is a frequent presenter at industry conferences such as CoreNet and IAMC.