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Virtual Engineering Week Schedule Viewer

Virtual Engineering Week is bringing a full week of best-in-class education to the global design, engineering, and manufacturing communities. Join us each morning to hear from medical device industry professionals during the Medtech Mornings series, and in the afternoons to learn from engineering and manufacturing experts in areas like 3D printing, smart manufacturing, packaging, materials and sustainability, and career development.

All times listed below are PST (Pacific Standard Time).

What's Your Global Manufacturing Strategy? Is It Time To Reshore?

Rosemary Coates  (Executive Director, Reshoring Institute)

Date: Thursday, December 3

Time: 1:00 pm - 1:30 pm

Track: Plastic Materials & Sustainability

Vault Recording: TBD

Time to Panic and Act. That’s what many companies are feeling now that their risks and vulnerabilities have been exposed by the pandemic. Parts shipments have been delayed from Asia. Freight rates have doubled. Markets have changed and demand has shifted wildly. Nearly 6,000 product types have suffered the imposition of a 25% penalty tariff on U.S. imports from China. China has retaliated with tariffs of their own.

The U.S. tax reforms of 2017 helped to level the global playing field, but not enough to result in bringing all manufacturing back. Product demand is uncertain. The economy is uncertain. What do we do now?

We will discuss global manufacturing strategies such as sourcing from alternate low-cost countries; global inventory strategies, rebuilding manufacturing in American, and some successes and some failures.