While the US-China trade war certainly presented a major disruption of imports, COVID-19 is putting a strain on the global economy that’s forcing many companies to rethink their sourcing strategies. These shifts in imported vs. domestic manufacturing have generated overarching implications for US-based industries. In particular, the injection molding industry has begun to witness companies favoring plastic parts produced locally over outsourced products. These changes are further explained in an annual analysis known as the Reshoring Index.
[Read more…] about Injection Molding and the Reshoring Index
If your company exports or imports, you’re already aware of the trade war between China and the United States. We’ve had current and potential clients reach out to us about their concerns about how current or proposed tariffs (or the simple threat of tariffs) are hurting their production. If your business currently has a mold in China producing parts for import into the US and is being hurt by time or cost increases from the ongoing tariffs, it’s important to learn about your options – namely tool relocation. 
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