Letter: American manufacturers are key to solving supply chain disruptionsEngineering360 News Desk | March 17, 2020
According to the leaders of five U.S. trade associations, American manufacturers are the solution to the growing concern over supply chain disruptions caused by global trade disputes and the growing coronavirus pandemic.
The American Mold Builders Association, the National Tooling & Machining Association, the Precision Machined Products Association, the Precision Metalforming Association and the Technology & Manufacturing Association explained in an open letter to CEOs that their member companies “stand ready to assist those industries who are facing global supply chain disruptions to help the economy continue its record growth.”
The letter also explained to U.S. manufacturing leaders that: “American companies who source inputs and equipment from across the globe can minimize disruption to their businesses by looking to domestic suppliers. Near sourcing and reshoring business to the U.S. will not only help minimize current impacts but will also mitigate future exposure to global challenges all while tapping into America’s vast and innovative industrial base and supporting American workers.”
The association leaders suggested that their membership reports between 60% to 70% plant utilization, meaning that members “can meet current and future demand, helping companies grow and thrive.”
According to estimates, the trade associations represent over 3,500 companies in industries employing over 475,000 workers.