Louisiana leaders in manufacturing and trade gathered recently in New Orleans for the World Trade Center New Orleans Policy Meeting to discuss new legislation, challenges and possible solutions to the current trade woes. Con-Tech was proud to share its insights into current issues that suppliers face with respect to imports, pricing and availability.
Trade and tariff issues continue as the country faces a decline in manufacturing activity. Steel and aluminum have been hit the hardest and manufacturers who need these materials have scrambled to find other resources, with others cutting back on production. Con-Tech continues to forge relationships with suppliers across the globe to bring these products and materials to manufacturers in need.
In a recent study from Swyft Filings, manufacturing business formation growth saw a 5.8 percent drop in 2018, compared to a year-over-year increase of 38.3 percent from 2016 to 2017.The U.S. and China are scheduled for talks this month, and although more products are on the tariff list, several food and agricultural products remain exempt.
Sharing concerns, working with legislators and sourcing supplies from emerging markets are just some of the ways Con-Tech continues to battle the tribulations steel and aluminum manufacturers face today. We will keep our friends, followers, and customers abreast of any and all updates.