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Category searches on the industrial marketplace IndustryNet have spiked over the past two months as manufacturers react to COVID-related supply chain disruptions and ongoing tariffs, with many seeking to source stateside.
In May of 2020, industrial category searches on IndustryNet totaled 393,201. This represents an increase of 12% from May�s 2019 category searches, adding to the 42% year-over-year increase we reported for April.
A closer look at the data reveals some compelling trends and provides insight into the U.S. manufacturing climate at present. Certain industries have seen significant spikes in interest, suggesting more domestic sourcing in specific sectors. This post will take a look at the most popular broad category searches on IndustryNet in May....(Full Article)
There has been a measurable spike in the demand for industrial tools as the COVID-19 crisis moves from lockdown to open-for-business.
Companies saw their overseas supply chains disrupted by the rapid spread of the virus. Imports from China dropped to the lowest volume in over a decade as companies scrambled to find ways to produce products domestically.
Accomplishing this required tools, and lots of them. According to data from MNI, over 33,000 separate searches for industrial tools were performed during the month of April....(Full Article)
Industrial Category Searches Surge 42% on IndustryNet as Coronavirus Shakes Up U.S. Supply Chains
Tuesday, May 5, 2020
U.S. manufacturers continue to adapt to a business landscape radically altered by COVID-19, with many struggling with supply chain gaps caused by widespread closures in China and across the U.S.
Some industrial companies have remained open, their products deemed critical by the federal government, while others have overhauled their facilities to produce completely new parts and products needed in the coronavirus fight. ...(Full Article)
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