The COVID-19 pandemic has magnified these trends and bolstered the case for domestic manufacturing. It has “revealed our over-reliance on other countries” for important products, he said, including all the personal protective equipment that’s flying off the shelves of “essential retailers.”
In the healthcare field, some 80% of all PPE are sourced from Southeast Asia, according to healthcare improvement company Premier Inc. That company is one of many working to change those numbers. “One of the major lessons of the COVID-19 pandemic is that the current U.S. supply chain overleverages foreign markets for many vital medical products, which can inhibit our ability to manage through a pandemic or another natural disaster,” said Premier President Michael J. Alkire.
Like the U.S. Trade Representative, many manufacturers in the hardware and building supply sector believe the pandemic will accelerate interest in domestic manufacturing. An HBSDealer special report on the Made in USA movement appears in the June issue, with contributions from sixty companies that embrace domestic manufacturing.