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How an Unstable American Economy is Impacting the Manufacturing Supply ChainIndustry News
Recent economic events, such as NAFTA renegotiations, the relative value of a dollar, new US tax laws, and proposed changes to US tariffs, not surprisingly has a noticeable ripple effect on manufacturers. One article even called it a seismic shift. Each one of these events is positioning 2018 to be a pivotal time for the US economy -- particularly for the manufacturing industry.
According to Thomas W. Derry, CEO of the Institute for Supply Management (ISM), "I encourage manufacturers to look to their supply management teams’ expertise in helping them navigate the rapidly changing economic landscape. I have every confidence that the resiliency of the manufacturing supply chain, the resiliency of the American economy, and above all, the American spirit, will guide this country through tumultuous times to a successful future."
Seismic Shifts in the U.S. Economy: Impact on the Manufacturing Supply Chain
U.S. manufacturers are benefiting from currency valuations that make U.S. exports more competitive overseas, but two countervailing factors could disturb the current equilibrium.Read the article