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Apparently we are buying lots of tool from China

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Forum topic by AlaskaGuy posted 07-30-2020 04:44 PM 429 views 0 times favorited 3 replies Add to Favorites Watch
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AlaskaGuy

5984 posts in 3157 days


07-30-2020 04:44 PM

3 replies so far

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CaptainKlutz

3589 posts in 2342 days


#1 posted 07-31-2020 02:04 AM

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.
:-)

-- If it wasn't for bad luck, I wouldn't have no luck at all, - Albert King - Born Under a Bad Sign released 1967

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AlaskaGuy

5984 posts in 3157 days


#2 posted 07-31-2020 06:00 AM

Thanks for your opinion.

-- Alaskan's for Global warming!

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OldBull

179 posts in 144 days


#3 posted 08-07-2020 12:35 PM

I had almost started a topic asking if new woodworkers (lumberjock members) had increased because of virus, I have watched woodworking vids for a long time and when covid struck I jumped in, my guess is many others did as well.

-- My favorite square is 40 grit sandpaper

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