ReBuilding the Supply Chain Starts NOW.
Vulnerable supply chains crumbled under the weight of the COVID-19 crisis. It is time to ReBuild, and that starts NOW. Let IMTS and AMT help you ReThink | ReEngage | ReEstablish your supply chain—making it smarter, stronger and shorter.
Smart – Products can be sourced regionally—without compromising competiveness. Don’t let old assumptions limit new opportunities.
Stronger – Connecting OEMs, job shops and tech suppliers will make the new supply chain more agile and resilient. Avoiding sole-sourcing is key to coping with disruption.
Shorter – Long chains allow for inevitable weak links and multiple breaking points. Limiting dependency on long supply chains leans in favor of shorter production times and decreased risk—ultimately enhancing manufacturing and benefiting the economy.
ReBuilding and ReShoring:
How Did Offshoring Get So Strong?
According to the Economic Policy Institute, the U.S. trade deficit with China alone cost 3.7 million American jobs between 2001 and 2018. The United States has gone from being the world’s manufacturing powerhouse, responsible for the lion’s share of global industrial production just after WWII, to being unable to produce critical Personal Protection Equipment (PPE) for the COVID-19 crisis in a timely manner.
In the mid to late 1940s, we produced half of the world’s manufacturing output, much higher than the 28% that the world’s factory, China, produces today. Currently, at least half of what we consume is ...