PREPPING FOR ONSHORING
For those considering onshoring, careful site selection is critical. Incentives from various sources including state and local governments may help offset some of the initial relocation cost that could hurt the ROI calculation. Some states and localities are getting aggressive in their offerings to attract manufacturers and the good paying jobs they bring with them.
In some cases, states have established free trade zones to increase their attractiveness to lure internationally-focused businesses. Longer term, to help ensure that the cost/benefit analysis of onshoring will stand the test of time, it will be important that the labor-cost assumptions of onshoring locations are well thought out. An adequate pool of skilled and flexible labor will be critical at start-up and the presence of training infrastructure is key to satisfy future labor requirements.
Unfortunately, there are also a variety of negative variables that need to be considered when looking at onshoring (mostly regulatory driven), and may very well prevent the current trickle of onshoring from becoming a steady flow. These include:
The benefits of bringing manufacturing facilities back to the U.S. are clear, but there are also challenges. Companies should conduct all necessary research and due diligence in advance to understand the long-term commitment and investment needed, as well as how long it will take to generate a return.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
