Great Question: A Manufacturing Podcast Manufacturers Face Tariffs: Fear and Opportunity (Production Pulse)
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Apr 3, 2025 Discover how President Trump's tariffs are reshaping the manufacturing landscape. Experts discuss the urgent need for strategic adaptation and communication among suppliers. Explore the crucial role of continuous improvement and innovation in navigating these challenges. A case study reveals how a Pennsylvania tool manufacturer is committed to local production despite economic uncertainties. Additionally, insights into the complexities of technology, automation, and corporate strategies shine a light on potential opportunities amidst rising costs.
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Navigating Tariff Changes
- Set up a "war room" with key leaders to strategize as new developments arise.
- Communicate with suppliers to figure out absorbable costs and those needing to be passed onto consumers.
Continuous Improvement During Uncertainty
- Use continuous improvement to solve small problems daily, building reflexes for larger issues.
- Avoid relying on firefighting as a strategy; utilize problem-solving teams.
Practical Applications of Continuous Improvement
- Build a robust maintenance and reliability program to handle potential spare part shortages.
- Focus on projects that reduce manufacturing cycle times to increase production capacity.