Trade and investment between the U.S. and Europe is booming due to the Ukraine war and fraying ties with China. The U.S. now imports more goods from Europe than China, a big shift from previous years.
Belgian-based Solvay recently announced an $850 Million investment to build battery-making facilities in the southern U.S. Enel SpA, an Italian energy firm, said it would build a solar cell factory in the U.S., a project to cost >$1 Billion. These changes are transforming the supply chain. East coast container volumes have surged ahead of the west coast. The Port Authority of NY/NJ was the nation’s busiest container port in September, handling 35% more cargo than September 2019.
Update/strengthen your supply chain to prepare for emerging changes. MOSIMTEC simulation modeling can help. Explore options virtually for in-sourcing, new sources/suppliers, ways to increase supplier and production capacity, options to reduce shipping costs/delays, and potential process improvements with ports and transporters. Assess options virtually in a sandbox environment to raise production, manage inventory, cut cost, enhance fluidity, reduce risk or meet other goals. MOSIMTEC industrial engineers/data scientists can help you future-proof your business.
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Read More: https://www.wsj.com/articles/u-s-europe-trade-booms-as-old-allies-draw-closer-11668914679