Great Question: A Manufacturing Podcast Will Trump's Tariffs Impact North American Reshoring Initiatives?
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Jan 30, 2025 Join Rosemary Coates, Executive Director of the Reshoring Institute and supply chain expert, as she dives into the implications of proposed 25% tariffs on goods from Canada and Mexico. She discusses how these tariffs might affect reshoring initiatives in North America, urging companies to rethink their supply chains in light of recent economic changes. Additionally, Rosemary highlights the interconnectedness of semiconductor supply chains and the ongoing demand for innovative technologies amid global challenges. This conversation is a must-listen for anyone interested in manufacturing's future!
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Reshoring Momentum
- Reshoring interest has steadily increased, driven by concerns about overseas manufacturing.
- The pandemic and Trump's reelection further fueled this trend, increasing demand for reshoring services.
Policy Impact on Reshoring
- Policy decisions like the Inflation Reduction Act, CHIPS Act, and Infrastructure Act have influenced reshoring.
- Funding from these acts is now starting to impact projects, despite being passed earlier.
Ukraine War's Impact on Semiconductors
- The war in Ukraine disrupted neon gas production, impacting semiconductor manufacturing globally.
- This highlights the unexpected risks in global supply chains and the interconnectedness of global manufacturing.
