Reshoring News: July 2019
Tariffs shifting work back to the United States, 3D printing shows potential to reduce imports from China and more reshoring news.
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The Reshoring Initiative tracks news related to the return of manufacturing jobs to the United States. Here are recent news items the Reshoring Initiative has shared:
Federal Survey Shows Tariffs Shifting Work from China to the U.S. — Alan Tonelson reports that, according to the Dallas Federal Reserve Bank manufacturing report, “Many more companies that reported net negative impacts from tariffs were responding by replacing imports with domestic production, not with non-tariffed foreign products. The sample size here is small (46 firms), but 17.4% said they were mitigating the tariff damage by finding new domestic suppliers and another 17.4% were bringing production or processes back in house. Only 10.9% said they were finding new foreign suppliers.” See Trump’s Trade Wars Winning for America.
3D Printing May Disrupt Ports and Reduce U.S. Imports from China, Fitch Ratings Says — Here are some compelling predictions from the article:
- 3D printing could reduce global trade, including reducing U.S. imports from China by 10-25%.
- As mass production via 3D printing becomes more economically feasible, supply chains could be shortened with more manufacturing carried out locally. Net goods transportation may reduce as a result, negatively affecting transportation infrastructure’s revenue.
- Fitch maintains that the bulk of U.S. imports from China are products that, based on recent technological advancements, are well suited for 3D printing.
- How Total Landed Costs Impact Your Bottom Line — Thomasnet Insights explains how the International Commercial Terms (also known as the Incoterms) and U.S. Customs and Border Protection (CBP) can impact costs. Total cost of ownership is much more comprehensive than Total Landed Cost.
