In this Plastics Industry Pulse, we’ll dive deeper into the data in the 2019-2020 Annual Survey and look at overseas plastics manufacturing and quality. As we covered in our Plastics Industry Pulse: Offshore Manufacturing, overseas plastics manufacturing tends to be underutilized by most industries. As a review, the survey data showed that overseas plastics is utilized less than half the time and tends to be a bit unpopular. Further, of those industries who have utilized overseas plastics, a majority of respondents said they either have already reversed course and re-shored operations domestically or they planned to do so in the future.
Plastics Industry Pulse: Offshore Plastics Trends examines the data that might explain just why offshoring plastics manufacturing is trending so negatively. It picks up where Offshore Manufacturing left off in describing the vast array of industry data sources surveyed.
In short, as more specialized industries grow in their need for high-quality plastics with exceptional aesthetic value, the offshore plastics trend will likely continue to trend toward negative values.