Our guest on this week's episode is Rosemary Coates, executive director of the Reshoring Institute. We’ve seen a roller coaster week involving tariffs. First they are on, then exceptions, then some reprieve. It makes one dizzy. But one of the stated aims of the new administration for establishing all of these tariffs is to force more manufacturing to return to domestic shores. Is that a workable strategy? Our guest offers some insights into reshoring initiatives and what industries are best suited to returning their manufacturing to America.
Adding to the theme of this week's episode, we look back at the tariff directives this week for international trade. What actually happened and how did the week end? We also discuss how this appears to be more of a negotiating strategy based on the president's past history of negotiating deals. Yet in the middle of all of it, how can supply chain managers properly plan and not add the costs often associated with uncertainty?
Despite the chaos, supply chains seem to be holding their own, as reflected in the monthly numbers reported this week in the Logistics Managers' Index. Rising inventory levels boosted activity across the transportation and warehousing industries. This occurred because companies were replenishing inventory following the holiday peak season, but also because they were rushing to import products ahead of tariffs. We break down the numbers and what they may predict for future supply chain health.
Supply Chain Xchange also offers a podcast series called Supply Chain in the Fast Lane. It is co-produced with the Council of Supply Chain Management Professionals. A series of ten episodes is now available on the "State of Logistics." The episodes provide in-depth looks into the current states of key transportation modes, such as trucking, rail, air, and ocean. It also looks at inventory management, 3PLs and more. All ten episodes are available to stream now. Go to your favorite podcast platform to subscribe and to listen to past and future episodes. The podcast is also available at www.thescxchange.com.
Articles and resources mentioned in this episode:
- The Reshoring Institute
- As tariff policy sows uncertainty, supply chain professionals look for mitigation strategies
- Navigating the tariff wave: 7 strategies for global supply chain optimization
- Logistics activity expanded in February
- Visit Supply Chain Xchange
- Listen to CSCMP and Supply Chain Xchange's Supply Chain in the Fast Lane podcast
- Send feedback about this podcast to podcast@agilebme.com
Podcast is sponsored by: Zebra Robotics Automation
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