Tag Archives: manufacturing

The Evolving Impact of Trade Policy on Manufacturing

Posted on February 13th, 2019
trade policy manufacturing

Political maneuvering and warring factions on both sides of the aisle in Washington DC have left manufacturers wondering what might be next when considering the possible impacts on trade policy for the industry. In early Dec. 2018, President Trump further heightened uncertainty around trade policy with an announcement that the U.S. intended to withdraw from the North American Free Trade Agreement (NAFTA). Trump delivered the announcement to reporters on Air Force One saying he would notify NAFTA partners, Canada and Mexico, of his intention to withdraw in six months, mid-2019, according to an article in Politico. The consideration of such a move is sounding alarm bells and raising questions of constitutional authority, causing many to ask if such a move interferes with Congress’s constitutional authority to set tariffs and “regulate commerce with foreign nations,” according to the Politico report. Being…

Manufacturing Reshoring Trends Are a Hot Topic in the Manufacturing Industry

Posted on November 15th, 2018
reshoring trends

Reshoring, the concept of bringing manufacturing and services previously transferred overseas back to the U.S., continues to be a hot-button, and sometimes knee-jerk issue, for the manufacturing industry. Trade tensions and posturing around tariffs continue to place a spotlight on the initiative, but alongside these elements lie a growing sentiment that reshoring is not as easy or cut-and-dried as when summed up for a media soundbite. While some companies are reconsidering prior offshore moves amid rising labor costs in Asia, there is more to the reshoring effect than meets the eye. Looking at the positives, reshoring can be an agreeable way to balance budgets, boost employment, introduce better jobs and attract a new generation of workers to the manufacturing industry. It’s also a feel-good story to tell during elections. Yet reshoring is not holding to levels previously seen in 2016….