Companies are having a harder time meeting both their supply chain and financial goals due to the rising cost of transportation, according to a new study from the University of Tennessee, Knoxville's Global Supply Chain Institute.
Global MFG - Apr 28, 2017
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Global MFG - Mar 12, 2018
The effect to U.S. metalcasters remains to be seen and it is too early to forecast. U.S. steel companies may consume more local scrap to support increased production of new steel. This in turn could drive up cost and decrease the availability of steel scrap. Regardless, Waupaca Foundry is relatively insulated in the near term. Out of necessity, Waupaca Foundry strategically procures a local supply of steel scrap, close to its seven U.S. operations.
Trump Signs Metals Tariffs Sparing Some Allies
President Donald Trump kicked his "America First" trade policy into high gear Thursday, launching global tariffs on steel and aluminum, while signaling even more aggressive pressure on trading partners to come, especially against China. In announcing the measures, the president outlined his broader trade agenda, including rewriting existing U.S. pacts and a continuing sweeping investigation of Chinese trade practices, issuing a veiled threat that even bigger penalties are looming against Beijing.
Global MFG - Jan 17, 2018
The chances for negotiating success are now 90 percent, said Flavio Volpe, president of the Automotive Parts Manufacturers' Association in Canada. He added that the talks have been aided by quiet meetings among professional trade negotiators without the presence of political leaders over the past month.
Mood brightens on NAFTA's prospects
Cautious optimism about the future of the North American Free Trade Agreement is beginning to replace the gloom and doom of recent months among auto industry leaders. Panelists at the Automotive News World Congress here put the odds of successful renegotiations between the U.S., Canada and Mexico at better than even now that President Donald Trump can show voters enough concrete successes on the economic front to pull back from his threat to scotch the deal.