Tag: china
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Aerostar Supports Major OEM with 20K/week International shipments
When considering manufacturing overseas, many companies immediately look to the cost of freight. Freightos.com recently reported a reduction in freight costs to US Ports by an average of 77% in comparison to 2022 costs. With the Global Freight Index continuing to fall, costs of freight from neighboring countries increasing via the near-shoring methods many have employed,…
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India Hosts the Largest Auto Component Show in New Delhi
In January, New Delhi was home to the largest auto component show in its history attended by over 800 exhibitors and attended by over 122,0000 delegates from over 65 countries. India has one of the most comprehensive value chain for automotive component manufacturers in engines, transmissions, chassis and other body parts. The automotive industry contributes…
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Global Manufacturing Further Shifts towards India as China Raises Tariffs
From January 1, 2023, China will raise import and export duties on some commodities to balance domestic demand and supply as well as upgrade its domestic industries. China will also be increasing export tariffs on aluminum and aluminum alloys. As the world’s leading steel producer and consumer, China and its market have an outsized impact…
