The survey by DHL Resilience360, a supply chain risk management software platform under Deutsche Post AG’s courier unit, included 267 anonymous responses from supply chain executives across industries including healthcare, automotive and consumer.
Of respondents, 48% from the engineering and manufacturing industry and 40% from the automotive mobility sector reported that they had no contingency plans at all, even though both fields have been heavily targeted by both countries in the trade war. Of those that had decided against relocating or shifting production out of China, some said they were unaffected by the trade war. However, 43% said long-established connections with Chinese factories and suppliers as well cost and time were among reasons for staying put. Just 8% of respondents said they expected tariffs to eventually be removed.
The United States and China have imposed tariffs on billions of dollars worth of each other’s goods since July 2018 as trade friction between the world’s two biggest economies worsened despite several rounds of negotiation. Industries that have been hit so far include automotive, retail and technology.
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