Meeting/Event Information

Breakfast Roundtable - Brookfield

August 08, 2018
7:15 AM - 9:00 AM
 Add to Calendar

Sheraton Milwaukee Brookfield Hotel
375 S Moorland Rd
Brookfield, WI 53005
 Directions

Join us August 8th at the Brookfield Sheraton.

More Tariff Troubles for Manufacturers

By APICS CEO Abe Eshkenazi, CSCP, CPA, CAE

A week ago, another round of U.S. tariffs on Chinese imports took effect. These taxes have been specifically designed not to affect consumer goods, as Apple iPhones, textiles and toys have been largely excluded from the tariffs. Instead, the 25 percent import taxes on $34 billion worth of Chinese goods will affect American manufacturers either financially or by unraveling their global supply chains, Financial Times reports. 

A survey by the National Association of Manufacturers found that manufacturers expect input prices and sale prices to rise by 5 percent within the next year. However, some strategists in support of the tariffs argue that corporate tax cuts will help offset these costs. They add that reshoring will strengthen the value of the U.S. dollar, which will limit domestic inflation. 

Electronics and machinery purchases, which make up the majority of Chinese imports into the United States, will likely be hit the most. The United States imported $146 billion worth of Chinese electronics and $109.63 billion worth of Chinese machinery and other mechanical appliances in 2017. Other affected products include metals, which represented $25.38 billion in 2017 imports, and plastics, which totaled $16.33 billion.

The Financial Times also notes that the semiconductor supply chain, which straddles the United States and China, will take a hit. At the same time, these tariffs could indirectly impact the U.S. nuclear industry, because the new tariffs will make it more expensive to construct new reactors.

Business Insider published the full list of 818 Chinese goods affected by the tariffs, ranging from products such as aircraft tires, engines and engine parts, to agricultural vehicles, livestock equipment and food processing machinery, among other items.

Because these tariffs impact behind-the-scenes goods, like components, equipment and machinery, it is difficult to assess the impact the new taxes will have on the full supply chain. However, analysts expect that U.S. industries will be unevenly affected by these tariffs. U.S. carmakers, for example, shouldn’t be affected too much. Few cars sold in the United States are from China. The industry also will remain relatively unscathed because auto parts are excluded from this round of tariffs. 

The White House has noted that these tariffs are an attempt to adjust a trade imbalance between the United States and China. However, the taxes also likely will encourage equipment and component manufacturers to reshore their supply chains. Although there often is a cost savings involved with offshoring labor and sourcing materials and components internationally, these financial benefits may be outweighed by the new tariffs.

Tariffs on another $16 billion in Chinese goods are scheduled to take effect in the next week. The White House is prepared to add taxes on an additional $200 billion worth of Chinese products if the Chinese administration responds with more of their own tariffs. At the same time, challenges and costs for manufacturers will continue to increase as the tariffs issue intensifies.

Risky business

Whether companies choose to reshore, continue sourcing from China or identify another international sourcing partner in this midst of this escalating tariff war, supply chain managers will need to consider how this choice affects their supply chain risk. The APICS Dictionary defines supply chain risk as, “The variety of possible events and their outcomes that could have a negative effect on the flow of goods, services, funds, or information, resulting in some level of quantitative or qualitative loss for the supply chain.”

To prepare supply chain manufacturers to handle risks for their companies, APICS offers the Risk Management Education Certificate. By earning this certificate, professionals demonstrate their ability to balance rewards and risks in the decision-making process and develop a global risk mitigation strategy. Learn more about the certificate today.

 

Abe Eshkenazi
APICS CEO

Enjoy stress-free casual conversation about today’s hottest topics and earn points

Tickets

$10.00 APICS-Milwaukee Members

$15.00 Non-Member Guests

$0.00 APICS-Milwaukee Student Members


Future Meetings

Extended Fundamentals 2018

November 01, 2018
8:00 AM - 4:30 PM

APICS Milwaukee Chapter Office
11801 W. Silver Spring Drive, Suite 200
Milwaukee, WI 53225
http://apicsmilw.org/index.php

The tools discussed are used for viewing the “big picture” and assessing the impact of the current schedule on labor and material requirements over a longer period of time.

Read More


 

Board of Directors

November 06, 2018
5:30 PM - 8:30 PM

APICS Milwaukee Chapter Office
11801 W. Silver Spring Drive, Suite 200
Milwaukee, WI 53225
http://apicsmilw.org/index.php

Board Meeting

Read More


 

Breakfast Roundtable - Menomonee Falls

November 07, 2018
7:30 AM - 9:00 AM

Radisson Hotel Menomonee Falls
N88 W14750 Main St.
Menomonee Falls, WI 53051
http://www.radisson.com

"EVOLVING SUSTAINABILITY IN SUPPLY CHAIN MANAGEMENT"

Read More


 

Extended Fundamentals 2018 - November 8th - Bills of Material & Capacity

November 08, 2018
8:00 AM - 4:30 PM

APICS Milwaukee Chapter Office
11801 W. Silver Spring Drive, Suite 200
Milwaukee, WI 53225
http://apicsmilw.org/index.php

Bills of Material & Capacity

Read More


 

Extended Fundamentals 2018 - November 13th - Lean Manufacturing & Total Systems

November 13, 2018
8:00 AM - 4:30 PM

APICS Milwaukee Chapter Office
11801 W. Silver Spring Drive, Suite 200
Milwaukee, WI 53225
http://apicsmilw.org/index.php

Lean Manufacturing & Total Systems

Read More


 

Breakfast Roundtable - Brookfield

November 14, 2018
7:15 AM - 9:00 AM

Sheraton Milwaukee Brookfield Hotel
375 S Moorland Rd
Brookfield, WI 53005

FINANCIAL TECHNOLOGY

Read More


 

The War on Talent & The Supply Chain

November 15, 2018
5:30 PM - 8:30 PM

APICS Milwaukee Chapter Office
11801 W. Silver Spring Drive, Suite 200
Milwaukee, WI 53225
http://apicsmilw.org/index.php

The workforce is changing, and recruitment strategies must be adapted to the new market.

Read More


 

Board of Directors

December 04, 2018
5:30 PM - 8:30 PM

APICS Milwaukee Chapter Office
11801 W. Silver Spring Drive, Suite 200
Milwaukee, WI 53225
http://apicsmilw.org/index.php

Board Meeting

Read More


 

Breakfast Roundtable - Menomonee Falls

December 05, 2018
7:30 AM - 9:00 AM

Radisson Hotel Menomonee Falls
N88 W14750 Main St.
Menomonee Falls, WI 53051
http://www.radisson.com

Join us December 5th!

Read More


 

APICS Milwaukee Holiday Party at The Thirsty Duck

December 05, 2018
5:45 PM - 8:15 PM

The Thirsty Duck
11320 W Bluemound Road
Milwaukee, WI 53226
http://www.thethirstyduck.com

Kick the Holiday Season off with APICS Milwaukee's Party at The Thirsty Duck!

Read More


 

Breakfast Roundtable - Brookfield

December 12, 2018
7:15 AM - 9:00 AM

Sheraton Milwaukee Brookfield Hotel
375 S Moorland Rd
Brookfield, WI 53005

Join us December 12th!

Read More


 

Engaging Your Employees to Help Execute Strategic Plans

January 16, 2019
5:30 PM - 8:30 PM

APICS Milwaukee Chapter Office
11801 W. Silver Spring Drive, Suite 200
Milwaukee, WI 53225
http://apicsmilw.org/index.php

January is half over and most companies have completed their annual strategic planning efforts. Great! Now what?

Read More


 

Foxconn Presentation at MATC Oak Creek

February 18, 2019
5:30 PM - 9:00 PM

MATC Oak Creek Campus
6665 S Howell Avenue
Oak Creek, WI 53154-1107
https://www.matc.edu

Dr. Bill Mitchell - CEO at Aguila, a Foxconn Company

Read More


 

Groom Your Emerging Leaders More Quickly

April 24, 2019
5:30 PM - 8:30 PM

APICS Milwaukee Chapter Office
11801 W. Silver Spring Drive, Suite 200
Milwaukee, WI 53225
http://apicsmilw.org/index.php

Join us as we review best practices to enhance your ability to grow your future leaders – a key strategy for attracting and retaining great employees.

Read More