Pandemic Accelerates Need to Replace Imports With Domestic Goods

Pandemic Accelerates Need to Replace Imports With Domestic Goods
A cargo ship moves towards the Bayonne Bridge as it heads into port on October 13, 2021 in Bayonne, New Jersey. Spencer Platt/Getty Images
Rachel Hartman
Updated:
More than a year after the CCP (Chinese Communist Party) virus entered the scene, manufacturers are dealing with a very different world and supply chain. As they battle ongoing disruptions, congested ports, and ongoing delays, the idea of sourcing closer to home is gaining interest.
“There’s such an initiative now for the reshoring,” says Nicole Wolter, president and CEO at HM Manufacturing, a power transmission components facility in Wauconda, Illinois, that focuses on delivering custom precision timing belt pulleys, gears, splines, sheaves, and shafts.
Rachel Hartman
Rachel Hartman
Business Reporter
Rachel Hartman is a freelance writer with a background in business and finance. Her work has appeared in national and international publications for more than 10 years. She resides in Miami and travels frequently.
Related Topics