U.S. manufacturing orders in China drop 40%, report says 

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Let's get Mexican manufacturers into top tier status. North American countries need to work more together.

It’s a threat to our national security to not have a robust manufacturing base in this country.

We need to diversify supply chains. That much is clear.

I’m happy to see drips and drabs of news of American companies now near-shoring some production to our neighbors , Mexico. I hope the trend continues (well, in addition to actual domestic production as well.)

If people dont know, because of covid, a lot of businesses found out they are too dependent on China as their supply chain. It took nearly two years before some of them could migrate their businesses to South-East Asia and Mexico. Currently, the Mexican project is taking a little longer because we still need to fix their electrical grid. You cant have a manufacturing industry if the power goes out every 10-15hrs.

So, supply storage costs are increasing because there's a surplus of goods but I'm somehow being charged $10 for a damn toothbrush. Sounds like some greedy retail execs are about to be exposed.

Like I said a year or two ago that US is diversifying away from China not so cheap labor anymore. The US is largest customer of China's manufacturer. Their laborers are going to protest due to this 40% order dropped.

If the world doesn’t learn how bad it could be if conflict arose with the country’s that process all of your products, there is no hope. If conflict arose and one nation could just stop providing all your products and parts and force you to start from zero, it would be a deadly weapon of war. Devastating your enemies supply chain is the oldest weapon of war.

People have grown a bit more tired of cheaply made disposable goods that don’t bring happiness and often feel vulgar when it’s time to toss them.

The past 18 months my factory kept getting the run around from OEM manufacturers of pumps, motors, etc. the lead times in some cases are still 24 weeks, for parts on our manufacturing equipment. We’ve resorted to rebuilding our equipment in-house or finding some mom and pop business stateside that will make gaskets, etc, to order to keep our plant running. All the advantages of cheap parts with short lead times from China has been blown out of the water by China themselves. If we have to wait for 4 months and pay 3x as much for let’s say conveyor parts to keep our product moving, we can pay the same amount to have a tradesman rebuild the parts from a boneyard, and get a machine running in 4 days. Yes we’re paying more but our production capacity isn’t lost. I honestly think China is screening themselves now, not because of Russia or any nonsense, they’ve become unreliable like American car manufacturers in the late 70’s. So get ready for made in Vietnam, India, Mexico, or Dominican Republic. I wish there would be more USA but we still frown on our children learning a trade.

Absolutely fascinating to hear that US warehouses are full to bursting with excess inventory, and yet consumer prices inexplicably continue to RISE. Where on the supply vs demand curve does this behavior sit?

She is so excited that the drop in China’s export is due its ties with Russia. But the analyst gave her a completely different story.

We need to work with Mexico and Canada even more so the three of us can become an independent Americas north and south Americas need to make the Americans both north and south great not again just great.

Not only don't I need any more things in my house, I don't have any room left to put them!

China been in lockdown for 3 yrs. And you ask why exports are down....

Good, id happily pay x2 for products made at home

Don’t be a hardcore Capitalist that you buy goods from your enemies just because he offers the lowest price

During the first years of the pandemic, minimalism became more popular along with home editing of things, to just keep what you love.

We should switch to buying from Made in India.

According from the US commerce bureau oct/22 was the récord for imports from México in one month Maybe talk about how things are shifting to México too

The US and the EU will have to shift and start manufacturing themselves, or in Canada, Mexico, south America, Australia ect

Makes sense. With China’s Zero Covid response and the fact that other countries like India offer similar types of production for companies. It makes fiscal sense for them to diversify.

Every little bit we take from China helps.

I've been saying this for a long time. We need to stop being reliant on other countries for our goods and start producing our own stuff here in America. The mess we're in right now is the sign of the time.

The expert is very smart not to take the bait - truly enjoyed the interview

It’s called a recession 😂😂😂😂😂😂

🥲 moving away from dependency on China. That's so fkn beautiful as someone who cares about foreign policy and national security. Every time we buy something that says "made in China" a little bit of it goes towards building a military that has explicitly stated that it is preparing for a war with the U.S. I don't want to fund that. We're on better terms with Vietnam, now? Open some manufacturing facilities there. Or Bangladesh The Philippines Singapore India Cambodia Thailand Laos Myanmar Malaysia South Korea ... Taiwan. 🤷 The U.S. has invested so much in China, and we helped them become more prosperous than they were. You see what we get in return? All we ask, is that they leave Taiwan alone. But no. They've told the world, repeatedly, that they will invade. Not only that, but they threaten all of their neighbors, also. On a regular basis. We can't support China anymore if this is how it insists on behaving. We cannot finance aggression and expansionism. Close down in China, relocate anywhere else in the East. They will be extremely thankful for the contribution to their economic development. The other countries just want peace and prosperity. The current Chinese government has hostile plans for The WORLD. Don't trust the Chinese Communist Party. Ever.

Inflation plays into this as well. Companies will overstock in anticipation of rising prices. Buying now to save later is what I do as an individual (I.e., months ago I was filling my gas tank daily because I knew the next day it was always going up by a few cents a few times every week for months).

Weren't companies cranking up production during covid? Now there's an influx of manufactured items and not enough space to put them. So of course companies have stopped ordering as much unnecessary inventory. While i agree that we should try and manufacture more here in the US, I also realize that it won't be easy. Us American consumers have gotten used to the cheap products from China.

Good! 🇺🇸

Must be hurting Nike and apple ....lol

Those are rookie numbers, it should be close to 100% drop in Chicom imports.

Mexico has a young population and could be developed with help from the US. Better jobs for Mexicans would also help combat the drug cartels.

Every country must produce goods for there own country , inner trading is more important than international trading

We need to produce more products in the US.

Which countries will we move our sweatshops to?! How exciting! Get sewing, kids!!

China has many other Nations to supply

I see the New York Times doesn't have a great dental plan.

Nothing about inflation and rising interest rate to curb consumer demands? That would seem like an important factor too.

Consumer demand is down because of inflation and cost of living. simple economics

Why aren't prices coming down? Usually too much supply means lower prices, yet their stashing it all, and inflation is still skyrocketing.

We’re also tired of increasingly poorer & poorer quality goods.

Basically people aren’t buying, sells slowing, and recession is here and going into a depression.

CBS needs to work on audio quality. News anchor audio is loud and guest speaker, I can hardly Hear. Constantly adjusting volume during this short clip.

Not a fan of China, but China, through low wages, lack of regulatory constraints and poor environmental practices has done more to moderate consumer inflation in the u.s. than the Federal Reserve and D.C. combined. The main reason d.c. has been able to spend freely for decades without fueling inflation is due to the offset of trade with China

Bring back American manufacturing, bring back American made. 🇺🇸

if export were to compare to 2021 that would be normal, since there was an unusual jump of export from china due to pandemic and just normalizing now.

I hope it’s not too late to build modern high value good factories in the US. Why plummeted? Why did it start in the first place. Good that Americans are not buying unnecessary things to fill their angst. Buy kitchen cabinets customized in the US, for example.

Yes

Oh no…. No more cheap plastic and cheap electronics. I wonder how we will survive

4:00 iPhone pro max are not cheap goods

we can't afford to put food on the table, thanks to the big heist

Maybe we’ve finally had enough of their cheap crappy goods?? YUP..

Although people are celebrating, they should also be worried when China decides to reciprocate. Remember there are 1.4 billion potential consumers in China. When they stop buying from the US, then the US can start to worry. Well, India can buy from the US, right? The last time I checked, US and India isn't exactly very friendly with each other either because of India's close tie with Russia.

Can't afford to buy from China? Dw all part of the plan... You already bought everything you wanted last year right? It's totally not because of the massive inflation or low wages

I think this guy is missing a lot. Like people just have less money to spend with food housing and energy inflation, for example

Remember Tim Apple? 😂😂😂😂😂

Supply chain has nothing to do with it? Come on Man.

I think it went down because of 1) inflation 2) lockdown. 3) individuals order directly from China instead of going to Walmart, Target etc because cheaper that way.

Seems seasonal for Christmas merchandise. They buy all summer and stop by thanksgiving

If every country is together we're always at 100%

So at the end of the day... the demand forecasters get blamed as usual ;_;. Once inventory burns off we'll see what happens.

40%? It should be at least 90%. Come on guys, more effort is required.

I don't go into stores anymore. Too much clutter for sale.

its called recession when demand on ground is less

This expert was great. Just telling the truth, and in an interesting way, without being unduely influenced by the anchor's storyline.

Good. We need to pull out

Make USA make in USA

I I cannot hear you there is no volume in this piece of

Sounds good to me 😂

👏👏👏👏

Better drop 60% to destroy China market

Odd how China's severe drought which is causing power and manufacturing shut downs was not even mentioned.

I've reduced my China made goods consumption for decades now. I've gotten pretty good at not buying Chinese stuff. Sure I spend more for stuff, but it's the point of a conscious decision and my stuff is better stuff so it's a win. It's easy, Japanese pliers vs Chinese plyers...no contest, pay the extra money. Glad to see it's finally a trend by the numbers. Keep up the good work, it's good for the Free World and America and your not funding the damn commies.

"Don't need anymore stuff for their homes." No, manufacturers are setting up shop in other countries

Gotta get those numbers up, 40% are rookie numbers.

I'm not sure why so many people in the comments think this is good. This is a sign of a weakening economy he says so if you listen... demand for manufactured goods is just down, ie people aren't paying US companies to order products from china means lower profits and losses for US companies. Companies paying for warehouse goods because stuff isn't moving means they are losing money. Not good at all.

When u have no money, demand of course declined

Good show some restraint with your pocketbook

Then why the trading volume between the US and China reached record high every single year??

Low demand? What about the chip shortages? Id say in many categories, demand is high but just not getting supplied. And now with the Covid lock downs out there, factories are not all running which will make the problem worse

WE NEED TO MAKE IPHONES HERE IN THE US!

Sounds like what some experts were predicting.

ABOUT TIME!!!

I'm not sure I buy any of this story

About time

The deindustrialization of the U.S is why the ‘labor force participation rate’ (especially among men) is so low.

The reality is totally different! No US Corp. wants to move out of China! China has 1.4 billions consumers and over 800 middle classes for all products as well.

Good Lonnie ray

The good news just keeps coming!

Yeah, being reliant on a country whose entire goal is to destroy yours is...not a good thing.

Who is the reporter?

COVID-19 in the Ukraine war has been a great excuse to try to claw back domestic manufacturing

If it walks like a recession and it talks like a recession... It's a good chance that we might wind up in another one.

Good. Now let’s work towards cutting the other 60%.

This is good time to love domestic products. And creating job And prioritize the main citizens of America. Not an illegal citizen without a contribution to American history.

The US investing in Latin America is a win win. The US gets their goods and Latin Americans get to thrive at home. It’s about time we make ALL of America great.

You gloss over fact that USA has put technology restrictions on China. Only have to look at booming exports from Vietnam. Vietnam is exporting more high tech than southern China now.

Also, side note, the crazy cheap stuff is crazy cheap…junk. It breaks easily. No thanks. I have enough junk. I need less stuff, not more.