With so much emphasis placed on trade policy by President Donald Trump, the warehouse industry remains on high alert for any clues about what the future will bring. If policies will truly reduce the trade deficit, how will your warehouse be affected?
The Trump administration says that they want the U.S. to “reclaim all of the supply chain and manufacturing capability” that they believe have been lost to overseas competitors.
Warehousing Outlook in the Trump Era
Over at Material Handling & Logistics, industry experts point to a Cushman & Wakefield study that predicts major changes — but that President Trump will stop short of pulling out of NAFTA or initiating a trade conflict with China.
At DJ Products, we keep tabs on the industry because our warehouse movers and tugs can play an integral role in a company’s speed and agility in changing circumstances. Here’s what seems clear about Trump Administration policy and the warehousing industry:
• Imports from countries that subsidize their goods below market value may get tariffs added.
• U.S. warehouses, which have increased by 3.5 billion square feet since the start of NAFTA in 1995, will continue to see plenty of trade with Canada and Mexico.
• China’s growing wealth and consumerism will help increase the amount of U.S. exports to China.
Warehouse Movers and Tugs for Material Handling Efficiency
Whether your warehouse handles imported goods or serves as a logistics center for a U.S. manufacturer, the years ahead will hold plenty of changes no matter which Trump Administration trade policies take effect.
DJ Products can help your business grow and improve efficiency with industrial cart movers, warehouse movers and tugs.