At one time, we saw fewer “Made in the USA” labels. Beginning in the 1970s, multi-national companies began to relocate their manufacturing hubs outside of the U.S. to take advantage of reduced labor costs that made manufacturing their products cheaper. However, technological innovation has led to a rebirth of U.S. based-manufacturing. Global brands have invested in re-shoring initiatives for their supply chains, bringing more highly skilled and paid manufacturing jobs to the states. The operations of these supply chains now involve highly technical robots and computers. They also require more focus on the reverse supply chain to optimize management of these costly and specialized manufacturing assets.
Recently, Liquidity Services met with a group of top foreign automakers who decided to close their manufacturing operations in Australia. We are working with this client to maximize the value of their reverse supply chain by selling their assets on the secondary market. At the same time we conduct this large-scale project, more and more foreign automakers are manufacturing their products in the U.S. The Association for Global Automakers reported that 77% of foreign vehicles that were sold in the U.S. were made in the US. Foreign automakers have also invested $47 billion in the U.S. in 2013.
As manufacturing returns to the U.S., it is inevitable that industry leaders will continue to innovate; and what is used today may be obsolete tomorrow. Now, more than ever, manufacturers should incorporate the potential of their reverse supply chain into their operations. Liquidity Services offers the entire spectrum of surplus asset management services. As the trusted market leader, we not only provide competitive recovery rates, we also offer total supply chain value by accounting for superior scale, efficiency, compliance, and analytics. With over 8,000 clients and nearly three million registered buyers worldwide, we are equipped to manage the surplus assets from the global, fast-paced manufacturing industry.
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