OEM Insights ~ June 26th

Supply Dynamics’ OEM Insights

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Take a look at this week's roundup of the most current and compelling industry news, updates, and trends related to OEMs and anything that impacts them. Read on to discover the latest in:

1. Industry News: Paris Air Show Recap & Benchmarking Data from Top Manufacturing Plants
2. Trade War: Cautious Chinese Consumers Weaken Xi’s Hand Before G-20 Meeting 
3. Metal Trends & Market Analysis: May 2019 Crude Steel Production

Industry News

• Paris Air Show Recap: The 2019 Paris Air Show ended this past Sunday (6/23) at Le Bourget Airport. With some major announcements and deals closed, CNBC looks at the top contracts and promises announced during the event. (CNBC)
• Benchmarking Data from Top Manufacturing Plants: IndustryWeek shares benchmarking data achieved by its 2014 to 2018 Best Plants winners and finalists. The IW Best Plants Awards competition is an annual salute to manufacturing excellence across North America. (IndustryWeek)
• Durable-Goods Orders Declined in May: The Commerce Department announced today (6/26) that overall orders for durable goods, manufactured products intended to last at least three years, fell 1.3% in May from the prior month. (WSJ)

Trade War  

• China’s Consumers Turn Cautious, Weakening Xi’s Hand Before Trump Meeting: Evidence is piling up that Chinese consumer spending won’t be enough alone to power the country’s economy past its trade trouble with the U.S., weakening President Xi’s hand as he squares off against President Trump at this week’s G-20 Summit. (WSJ)
• American Tariffs on China Are Being Blunted by Trade Cheats: China-made goods worth billions of dollars and subject to tariffs by the Trump administration are dodging the China levies by entering the U.S. via other countries in Asia, especially Vietnam, according to trade data and overseas officials. (WSJ)

Metal Trends and Market Analysis 

• May 2019 Crude Steel Production: While U.S. steel imports are down, world crude steel production for the 64 countries reporting to the World Steel Association was 162.7 million tonnes (Mt) in May 2019, a 5.4% increase compared to May 2018. (Worldsteel Association)

Further Reading & Resources: As trade talks and tariff tensions continue, how can companies safeguard their supply chains against shifting political risk? For more information on creating and maintaining supply chain resiliency in the face of uncertainty, check out our posts on The Case for a SMART Supply Chain & Structured Data, AI, Blockchain, & Tariffs, and SCMR’s feature on Trade Policy Whiplash.