![]() ![]() ![]() US of America and chinese flags crashed containers on sky at sunset. Tariffs have succeeded in lowering global dependency on Chinese manufacturing, but they have failed in driving manufacturing back to the US. ![]() This raises an interesting question: if manufacturing is leaving China, where is it going next?Īmidst numerous attempts to drive re-shoring efforts, US manufacturing still suffers from problems of labor skills and wage costs. Companies are diversifying their supply chains to mitigate risks earlier and earlier in their production cycles, leaving no risk of being caught empty handed for the next global pandemic. Raw materials weren't sourced fast enough from upstream suppliers, creating delayed lead times and choked end customer deliveries.įor modern US companies, both startups and giants alike, supply chain risk has been top of mind. The lunar new year, followed by immediate Covid-19 shut downs, created bottlenecks throughout the supply chain. Analysis reports that Chinese exports globally have estimated to drop by $25 Billion since the tariffs were first implemented.Īnd amidst geopolitical uncertainty, Covid-19 has pushed Chinese manufacturing to the brink of shut downs. This has resulted in not only decreased export volume to the US, but also to other countries facing American pressures to reduce global dependency on Chinese manufacturing. A global trade war with the US spurred by the Trump administration also dealt a fatal blow towards Chinese manufacturing. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |