Title: Economic Trends in Business 2020 Report | Vistage
Headings: Economic trends impacting business in 2020 and beyond
Economic / Future Trends
Economic trends impacting business in 2020 and beyond
More 2020 trends affecting business
The U.S. Economy in 2020
Key U.S. indicators
Four pillars of GDP
Tariffs, manufacturing and business investment
US Industrial Production
Interest rates and debt
M&A and consolidation
The Global Outlook
Global economy
Global commodity prices
China
UK/Eurozone
Japan
Mexico, Latin America and Central America
Key Industries
Agriculture
Aerospace and defense
Amazon and retail
Automobiles
Construction and housing
Healthcare
Manufacturing
Technology
References
Related articles
15596 views

Content: U.S. manufacturers are in an untenable position, having to make difficult choices about their global supply chain in a shroud of uncertainty. In their effort to move production to other regions of the world such as Vietnam, Singapore and Mexico, manufacturers have found local infrastructure and support industries unreliable. While countries such as Vietnam have lower labor rates, their shipping routes are erratic and less frequent. Yet large U.S. customers such as Walmart and Best Buy are asking their vendors to find alternatives, even at higher prices. The longer that tariffs are in place, the more options U.S. companies will have. Recent signs of progress in the trade wars are welcomed by a recessed manufacturing sector. September factory activity hit a 10-year low. The Institute for Supply Management bellwether manufacturing index fell to 47.8 in September, its lowest in 10 years. [ vii] According to IHS Markit data, Q3 was the worst manufacturing sector performance since 2009. A strong dollar is further curtailing imports.