For nearly two decades, US manufacturers saw China as an optimum location for assembly operations – but reshoring from China is becoming a new trend. Due to a myriad of factors – from labor prices to fuel costs to infrastructure – US manufacturers are now bringing their operations back home. The trend is reversing. China is no longer considered the better option across the board. Reshoring to the US and especially nearshoring to Mexico are becoming more and more popular.
Manufacturing is undergoing a huge shift some are calling the fourth industrial revolution – or Industry 4.0. Exciting times are ahead, as opportunities open up for smarter, leaner, and more innovative production processes. Just what does Industry 4.0 mean for manufacturers and their processes, and what are the exciting opportunities to look out for?
Recent China tariffs are complicating the US-China trade relationship, causing many to rethink their outsource strategy. But there might be more to the story. The tariffs President Trump has imposed against China and their retaliatory tariffs are making things difficult, but there are indications China has been losing manufacturing prior to this.
In spite of a general trend towards less manufacturing in the United States, the US manufacturing sector is doing well. Output is increasing, value is on the rise, and some areas in the US are experiencing significant growth in the manufacturing sector.
US President Trump’s tariffs on foreign steel and aluminum imports recently went into effect, leading some to ask what comes next for steel prices. Will the tariffs benefit the average American worker? Or will the new cost of steel inputs hurt American manufacturing jobs? Will steel prices remain stable, rise slightly, or spike? Will the net effect be positive or negative for the US economy?
Much is happening in the metal fabrication market, and 2018 is shaping up to be an exciting year. There are several metal fabrication trends to keep an eye on as we enter the new year. These trends generally look promising, but there are some concerns to keep abreast of as well.
After a few turbulent years, the metal fabrication market is rebounding and diversifying. Buoyed by increased demand and manufacturing advances, the sector is becoming more dynamic and resilient. This is leading to market growth and profitability.