According to NAM President and CEO Jay Timmons, the North American trade landscape will change once President-elect Trump takes office. These changes are expected to include continuing and strengthening the United States-Mexico-Canada Agreement, Timmons said. Read more here.
According to experts, manufacturers who emphasize optionality in their supply chains will be best equipped to navigate this shifting trade landscape. Strategies such as frontloading inventory, looking for alternative sourcing and supplier relationships, and leaning on domestic sourcing are just a few ways manufacturers can prepare for the changes. Read more here.
PMMI is monitoring the situation and will continue to share relevant information as it becomes available. Be sure to watch this space for the latest news.
