On April 2, 2025, the U.S. government enacted sweeping new Trump 2025 Tariffs—54% on goods from China, 46% from Vietnam, and 27% from India. The average business can expect an approximately 23% increase in import costs. These tariffs are fundamentally changing the way businesses operate & forcing companies to rethink sourcing strategies. So, what should
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When the tariffs went into effect in 2018, everything changed. Let us explore the impact of China+1 strategies since the first round of 2018 tariffs in detail. The primary trend leading up to then was globalization. All countries were expanding their workforces and the markets they were serving and leveraging the benefits the world could
Massive Effect of China+1 Strategies from first round of tariffs in 2018 Read More »
As manufacturing continues to evolve globally, Mexico has become a key player. However, while the sector shows immense potential, it also faces notable challenges. Here’s a deep dive into the state of Mexico’s manufacturing industry. Global Manufacturing Trends Impacting Mexico The S&P Global Manufacturing PMI fell to a two-and-a-half-year low of 47.3 in September 2024,
Navigating Mexico’s Manufacturing Landscape: Opportunities and Challenges Read More »
Many companies have employed a China Plus One strategy in Sourcing to mitigate risk across global supply chains. According to McKinsey, in 2023, FDI decreased in China by 17%, while in the rest of Southeast Asia increased by 20%. Additional tariffs, trade barriers, and intellectual property concerns could be even more significant and drive more
Global Sourcing Evolution: How ‘China Plus One’ is Redefining Procurement Read More »
Die casters typically purchase several grades of aluminum from 3-5 sources. They also purchase a few different grades of lubricants, coolants, and perishable tooling daily. Additionally, they purchase hundreds of different maintenance components and factory operational items from tens of different sources and include small items such as fasteners, gaskets, fittings, and hydraulic parts. A
Advances in Foundry Purchasing & Supplier Management Tools Read More »
When automotive foundries are awarded projects, they start with Design for Manufacturing (DFM) activities. It’s followed by the kickoff of tooling and patterns. As the project moves forward through tooling fabrication, suppliers normally have various team members in process engineering, tooling engineering, sales, project management, quality engineering, and supply chain. These different faculties participate in
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