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ACE

New tool shows manufacturing in America carries huge potential savings; a reshoring success “toy story”

This week, as we celebrate the country’s vital manufacturing sector, we are excited to unveil a new tool that will allow manufacturers to calculate potentially significant savings that can be realized by manufacturing in America.

ACE: Political & Security Risks

In April, the Commerce Department developed the Assess Costs Everywhere (ACE) tool, which outlines the costs and risks firms need to weigh when considering the location of manufacturing operations and supply chains. Many of these are hidden or hard to quantify. This post, the eleventh in our series of blogs on ACE, explores one such area: political and security risks.

Assess Costs Everywhere: Intellectual Property Rights

The Department of Commerce’s Assess Costs Everywhere (ACE) tool helps firms estimate the costs and risks associated with locating operations or supply chains overseas. Today, we are focusing on intellectual property (IP) in our eleven-part series highlighting the relatively low costs and risks of keeping business right here in America. Be sure to check out earlier Economics and Statistics Administration blog posts here.

Assess Costs Everywhere: Texas Tea, Pennsylvania Pinot, and Other Inputs

As I flipped through the TV channels during my youth, a catchy tune often beckoned me “to listen to a story ‘bout a man named Jed.” Jed and his fictional Clampett family got rich and moved to Beverly Hills, CA after selling the rights to drill for the Texas tea (crude oil) on their land. Yesterday’s yarns about petroleum parallel today’s narratives about natural gas. Natural gas has created billionaires in the Bayou and natural gas millionaires in Pennsylvania and other states with shale gas deposits.

Assess Costs Everywhere: Trade Financing Costs

The Department of Commerce recently introduced the Assess Costs Everywhere tool, which outlines the costs and risks firms need to weigh when considering location of manufacturing operations and supply chains. Trade financing and associated costs are especially relevant to manufacturers with overseas suppliers. These firms must consider more than just the selling prices of the items they plan to purchase. Purchasing goods and supplies from foreign countries requires different payment methods from buying domestically.

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