Just as U.S. moldmakers were toasting the return of mold builds from China in the New Year because of the 25% tariff the U.S. placed on Chinese-made molds, the U.S. Trade Representative announced at the end of December that these tariffs would be lifted.
As market-leading companies try to balance a diverse set of needs—responsiveness, quality and innovation as well as cost—they will engage in off-shoring, near-shoring and on-shoring strategies simultaneously.
A historic unemployment rate has a downside that will spill into 2019: Companies continue to have challenges finding skilled employees, as the economic expansion steams ahead and baby boomers retire en masse.
The Plastics Industry Association (Washington, DC) noted that currently there are 10 states and the District of Columbia that are making it their New Year’s resolution to legislate against plastic. That ought to send up a red flag for everyone in the industry.