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Apparently we are buying lots of tool from China

669 views 3 replies 3 participants last post by  OldBull 
#1 · (Edited by Moderator)
#2 ·
Yes, nothing new?
For $4k you can get a copy of report. LOL

That is pure marketing. It looks like news, but is really a consulting firm marketing the latest update to their wood working machinery market report.

In my past life, spent billions on new equipment. Used to feed data to those folks and others for electronic mfg tools market. Would get a free copy of report for sharing spend data on our new factory upgrades, installations that would drive the tool mfg economy.

Free tidbit: In 2020, the US tariffs have reduced total machine exports by 20%+ overall. Some mfg have lost more than half of 2018-2019 shipment volumes as US OEM move tools to Taiwan and other countries. The few US OEM that still import tools continue as they negotiated a price reduction to cover major portion of the tariff. The European OEM have continued ordering machine tools & parts from China, or the reduction would be much worse. This is also the reason that you see Harvey and other Chinese mfg trying to market direct into USA retail customers online. Amazon has made it easy for smaller companies since they offer turnkey warehouse, shipping, and web sales; for a percentage of sale.
Off shore tool manufacturing business is FUM.
:)
 
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