What a difference a year makes. Closing out our 2022 chapter brings with it a look back at what can only be considered a very interesting year to say the least. At this time last year, the Manufacturing sector was navigating through continued Supply Chain headwinds with respect to material availability and costs, labor availability, and significant challenges in the logistics aspect of the overall manufacturing process. These factors were global in nature and most certainly had a major effect on most domestic manufacturers in some manner.
With the specter of pandemic shutdowns (hopefully) in the rearview mirror, our domestic Manufacturing sector has experienced an ongoing surge in demand and output. It is reassuring to see that the pre-pandemic conditions of strong demand for manufactured products have weathered the storm and created a post pandemic manufacturing economy that shines optimistic.
It is often said that the only thing that is constant is change. That could not be truer as we look back at the evolution of circumstances in the Manufacturing sector over the past 24 months. Recall back to October 2019 and the prospects for continued strength for manufacturing as we headed into 2020.
It is difficult to engage in any discussion these days without all roads ultimately leading back to the topic of the COVID-19 pandemic. The situation, both domestically and globally, has certainly reshaped how we are forced to operate our businesses and our lives.
What a difference a few months makes. In our last update in March, we were just beginning to understand the immediate effects that this global pandemic was having on our economy and on our Manufacturing sector. Fast forward 90 days and the picture has evolved into one that is having and will have lasting effects on our nation’s health and on our manufacturing economy.
The events of 2020 have unfolded rapidly with attention quickly focused on the current global health crisis regarding the COVID-19 virus. As facts began to emerge in January as to global events that saw the unprecedented spread of the virus, it has quickly become evident that this is a situation that is having an immediate effect on the global and domestic economy.
thankful to our customers and to our suppliers for the support that we received throughout 2019. The past year has been, to say the least, an interesting year for the domestic manufacturing sector. For our part, we have experienced continuing strength of demand across most sectors that we serve.
The Sko-Die team is very thankful to our customers and to our suppliers for their support that we received throughout 2018. This year has seen continuing strength of our overall manufacturing sector. These conditions have translated into opportunities for us to grow our business with our valued customers and to advance new opportunities in the…
As you are aware, on March 8, 2018, the federal government announced that it is imposing a 25 percent tariff on steel and a 10 percent tariff on aluminum imports from all countries, except Canada and Mexico. Sko-Die understands there is a lot of confusion about how this will affect our company’s, and the broader…
PRODUCT SCOPE OF THE INVESTIGATION (28, 29) For this report, the product scope covers steel mill products (“steel”) which are defined at the Harmonized System (“HS”) 6-digit level as: 720610 through 721650, 721699 through 730110, 730210, 730240 through 730290, and 730410 through 730690, including any subsequent revisions to these HS codes. The following discontinued HS codes…