Preparing for the U.S.-Bound Relocation of Manufacturing Processes?

Go for the USA! The globe's shifting gears, thanks to economic, monetary, and political reset. Let's take a closer look at the booming economy in the USA. We can see it in our thriving businesses and the altered spending habits in communities. Not to mention the surge in local businesses and on-shoring activities. Even charities are receiving more donations, not just from the rich but from everywhere!

The local Economic Development Organizations are overwhelmed with foreign investors interested in understanding the best strategies for monetary policy, import/export rules, tariffs, taxes, and political activities in various regions. Companies are scrambling to find the perfect spots that offer stability and growth opportunities worldwide.

Environmental Factors

Some questions on everyone's minds:

Will reduced corporate taxes and repatriation of foreign cash bring in fresh capital?
Will the relaxation of U.S. regulations lead to reduced costs and the reallocation of valuable human resources to more strategic, revenue-generating activities?
Will the promise of lower personal income taxes and a more affordable healthcare system ignite renewed consumption, fueling market growth?
Will a general shift towards embracing "Americanism" translate into a stronger "Buy American" campaign?

And let's not forget about the monetary system:

Is blockchain technology poised to shake up global trading and currency markets rapidly?
Will China's slowing growth continue, or will it see a resurgence?

Our world is full of intriguing possibilities during times of change, offering both opportunities and challenges.

Expanding Horizons

We've been seeing many U.S.-based companies looking to grow in new regions of the country. This is in response to rising demand or projected demand, and some are tackling growing logistics costs and questions about fuel prices. They see the addition of new facilities as a means to boost revenue, cut costs, or achieve a combination of both.

This newfound interest isn't limited to domestic players. Established international companies, along with new ones, are eager to partner with U.S.-based organizations. They want guidance in navigating the challenging American waters without making a big investment. By partnering, they can minimize the learning curve and reduce the risks that come with venturing into uncharted territories.

Large international companies, many from China and some from South America, are examining market expansion in the U.S. They're also considering the potential for trade barriers and the costs of logistics and inventory, making U.S. locations an intriguing prospect to serve U.S. markets.

The Trans-Pacific Partnership (TPP) Agreement has already been scrapped by the new administration. NAFTA (the North American Free Trade Agreement) is in limbo, with talks of potential changes or even its termination, as the administration pursues a vision of fairer trade.

The World Awaits the Movers and Shakers

The table is set for a changing tide. Do you have the skilled workforce, the investment capital, management team, the vision, and the guts to compete aggressively in this ever-changing world? The winners and losers will be decided by the size and timing of each player's strategic moves. Will your organization seize this extraordinary opportunity? Or will your fear of risk put you in a compromised position, perhaps leading to "check" or even "checkmate"?

In the context of global trade, the surge in interest from foreign investors in understanding monetary policies, import/export rules, and political activities in various regions of the USA is significantly influenced by the altered economic landscape and potential benefits of partnerships.
With the scrapping of the Trans-Pacific Partnership and uncertainty surrounding NAFTA, automation and logistics play a crucial role in supply chain management as companies, both domestic and international, examine the potential for trade barriers and the costs of logistics and inventory when considering market expansion in the USA.