_time-to-rethink-the-moldmaking-amp-molding-supply-chain.jpg "Time to Rethink the Moldmaking & Molding Supply Chain from 2018 imo Video Screenshot Preview")
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⏲ Duration: 31 min 73 sec
✓ Published: 09-Jun-2020
✓ Published: 09-Jun-2020
Description:
Shorter supply chains are now stronger, more competitive supply chains. Rising offshore wages and recognition of total cost drove annual reshoring from 6,000 jobs/year in 2010 to 154,000 in 2018. In 2020 the momentum is surging. We have the Trump China tariffs, the reinstatement of the 25% tariffs on injection molds, the IMO clean fuels mandate that is raising container ship fuel surcharges by 35% and now the coronavirus.
Shorter supply chains are now stronger, more competitive supply chains. Rising offshore wages and recognition of total cost drove annual reshoring from 6,000 jobs/year in 2010 to 154,000 in 2018. In 2020 the momentum is surging. We have the Trump China tariffs, the reinstatement of the 25% tariffs on injection molds, the IMO clean fuels mandate that is raising container ship fuel surcharges by 35% and now the coronavirus.
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