The Total Cost of Ownership for Offshored Products
The True Costs of Offshoring and the Benefits of Bringing it Home
80-90% of an iceberg is unseen, below the surface of the ocean. The same is true for offshored products, much of the costs are hidden. For decades, the Lowest Landed Cost was the driver for offshoring, without enough regard to the dozen or more costs that are incurred through offshoring that would be avoided by making goods in the US. 90% of the hidden costs are below the waterline.