Reshoring News: August 2019
Emerging market middle-class growth plateauing, Crocs could cut China production in half and more reshoring news.
The Reshoring Initiative tracks news related to the return of manufacturing jobs to the United States. Here are recent news items the Reshoring Initiative has shared:
Harry Moser, right, participated in Under Secretary of Commerce for International Trade Gil Kaplan’s 2019 ReSelectUSA Roundtable at SelectUSA 2019.
- The 2019 SelectUSA Investment Summit was a Success —The event, which promotes foreign direct investment in the United States, took place in Washington, D.C. and was attended by 3,100 people. Read more.
- Study Shows that Emerging Market (EM) Middle-Class Growth Is Plateauing — One factor driving companies to produce in EMs, especially China, was the EMs’ huge, rapidly growing middle-class markets. Factories shipped to the United States and into the local market. Now that growth has slowed, the justification of offshore production is reduced. See False Narratives: Rise of the Emerging Market Middle Class
- Crocs Says New Tariffs Could Force It to Cut China Production in Half — “If President Trump’s proposed additional tariffs on China prove more than a bluff, the move could reshape the footwear sourcing map…” Crocs elaborated on the impact its business could see under a new tranche of footwear tariffs, saying the additional duties could see the brand scaling back on its China production by more than 50 percent by 2020." Read more.
This news originally appeared in the Reshoring Initiative’s e-newsletter, sent about six times per year. For more news like this, subscribe here.