New York Times (February 23)
“Tariff turmoil” has returned to global markets. “Businesses and U.S. trade partners are again grappling with the uncertainty of President Trump’s trade war, even as he imposes new levies.” The President is vowing to extend tariffs under other means, but the recent “Supreme Court decision is likely to scramble, or at least slow down, some corporate investment plans,” including “commitments to reshore supply chains in the U.S.”
Tags: Businesses, Corporate investment, Decision, Global markets, Grappling, Levies, Reshoring, Scramble, Supply chains, Supreme Court, Tariff turmoil, Trade war, Trump, U.S., Uncertainty
New York Times (September 21)
“The lethal detonation of hand-held pagers and walkie-talkies used by Hezbollah militants this week in Lebanon… raised questions about a gaping vulnerability in the global supply chain.” The attacks are likely to “accelerate supply chain changes,” including reshoring and nearshoring, that the pandemic catalyzed to insure “against the perils of international shipping.” Each supply chain movement and “every additional company brought into the manufacturing process represents an opportunity for those pursuing violent agendas to insinuate themselves into the works and weaponize the product.”
Tags: Attacks, Detonation, Gaping vulnerability, Hezbollah, International shipping, Lebanon, Lethal, Manufacturing process, Militants, Nearshoring, Pagers, Pandemic, Perils, Reshoring, Supply chain
The Guardian (June 9)
The pandemic supply chain disruptions are “still rumbling on thanks to China’s drastic zero-Covid strategy.” This is prompting “a major rethink of how companies should organise themselves. Amid the buzzwords such as ‘reshoring’ and ‘diversification’ is the basic need to make western economies less reliant on China and other far-off manufacturing centres.”
Tags: China, Companies, Disruptions, Diversification, Drastic, Pandemic, Reshoring, Rethink, Supply chain, Zero-Covid strategy
Industry Week (April 20)
Changing economics are starting to favor manufacturing in the U.S. A study by the Boston Consulting Group (BCG) found that over “a third of U.S.-based manufacturing executives at companies with sales greater than $1 billion are planning to bring back production to the United States from China or are considering it.” Larger companies with revenues of at least $10 billion are even more enthusiastic, with 48% considering reshoring. Considerations driving this new trend include labor costs, product quality, ease of doing business, and proximity to customers.
Tags: Boston Consulting Group, China, Costs, Manufacturing, Quality, Reshoring, U.S.
