7 Strategies for Mitigating the Impact of Tariffs

Editor’s note: This is one of two articles focusing on strategies that mitigate the impact of tariffs on imported goods. Tax and business advisory firm KPMG identified seven successful tactics in its webinar TradeWatch: Section 301 Tariffs; What we’ve Learned in Year One. This article covers recommendations one through three. Tariffs, according to leading tax…

Use TCO as a Sales Tool Against Offshore Competitors

Sixty percent of companies make offshore-sourcing decisions based on rudimentary metrics, such as wage rate, ex-works price or landed cost, often resulting in a 15 to 30 percent understatement of actual offshoring costs. Inclusion of all relevant factors—overhead, balance sheet, risks, corporate strategy and other external and internal business considerations—provides a better determination of the…

Advocate Says Reshoring’s Down, But Not Out

Although the pace of U.S. reshoring decelerated in 2015, one manufacturing expert says the trend is far from standing still. A recent report released by consultancy A.T. Kearney concluded that the U.S. reshoring train “has yet to leave the station.” The Reshoring Initiative (www.ReshoreNow) disagrees. “Repeated surveys by Boston Consulting Group, Plastics News/Nexant, Alix Partners…

IPC Report Highlights Onshoring Trends

Bannockburn, Ill. — A new report in IPC’s series of on-shoring studies, On-Shoring in the North American Electronics Industry: Update on Trends and the Impact on Companies, has been published by IPC — Association Connecting Electronics Industries®. Presenting data collected by IPC over the past two years, the report highlights North American electronics industry trends in on-shoring and…

How America II Juggles Spot-Market & Scheduled Orders

Now in its 25th year of business, America II has expanded globally and has consistently ranked as one of the top distributors in its market. It hasn’t always been easy – independent (or non- authorized) distributors have faced an uphill battle in establishing themselves as trustworthy sources of supply. America II’s President Brian Ellison spoke…

distributors

Healthcare Costs Top Manufacturers’ Concerns

Many government initiatives are passed with the best of intentions but with unintended results. In the U.S., small to mid-size manufacturing companies will be spending more on healthcare requirements this year than on expansion and new product development. PrimeAdvantage, a purchasing consortium of small to midsize companies, surveyed its members about their financial expectations for 2014…

Manufacturing Shifts Toward a Multi-Source Strategy

This week’s announcement that Whirlpool Corp. is doubling the size of its Greenville, Ohio manufacturing plant and adding 400 jobs is another example of how U.S. manufacturing is moving back onshore. Or is it? Onshoring (or reshoring) is occurring, according to Wade McDaniel, vice president for solutions development for global distributor Avnet Inc., but so…