Trade & Industry Development Magazine

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Automotive, Aerospace and Light Manufacturing 2019
Automotive, Aerospace and Light Manufacturing

While no one can predict the ultimate impact tariffs will have, there’s good news on the reshoring front: experts Harry Moser and Sandy Montalbano say reshoring and foreign direct investment job announcements in 2018 reached the second highest annual rate in history. We’ve also tapped the expertise of Dustin Jones with Ginovus to talk about diversification in the automotive industry, and for our aviation/aerospace feature, we called on Scott Thompson of PwC. Check out our focus on Light Manufacturing and Top Sites for Business Growth, and spotlights on Michigan, Georgia, Kansas and Mississippi.
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In this issue...

Diversification—and Survival—in the Auto Industry
By: Dustin Jones

Traditionally, in the auto industry, the concept of diversification has applied mainly to product mix, overreliance on profit-leading models, single markets for suppliers and utilization of a disproportionate share of localized labor forces. Weaknesses in these areas have periodically been exposed by softening demand during cyclical downturns. more...

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