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With the coming changes in tariffs, now is the time to assess how these changes could impact your business so that you’re ready to pivot if needed. Steel and aluminum tariffs, new tariffs on chips, copper, pharmaceuticals, semiconductors, and things needed for the military are all on the docket for the current administration. To prepare your company, thoroughly review your supply chains, identify potential impacts on imported materials, and explore…

by Chas WatsonPresident, RL Swearer In today’s rapidly changing trade environment, tariffs are often imposed to protect domestic manufacturers by making imports more expensive, ultimately encouraging local production. However, for manufacturers that rely on imported raw materials and components, these tariffs can lead to significant cost increases. Fortunately, businesses can seek tariff waivers and exemptions to mitigate financial strain and maintain operational efficiency. That said, the process for obtaining…

Catalyst Connection is thrilled to announce the commencement of the 13th cohort of our Emerging Leaders in Manufacturing (ELM) program, marking a significant milestone as we welcome our 100th participant into this transformative journey. This achievement underscores our unwavering commitment to nurturing leadership talent within the manufacturing sector and highlights the program's enduring impact on professionals and organizations for 10 years. A Legacy of Empowerment Since its inception, the…

The global supply chain is once again facing disruption as the U.S. implements new tariffs on imports from key trade partners. The latest policies introduce a 25% tariff on goods from Canada and Mexico, with a 10% tariff on Chinese imports, impacting manufacturers across multiple industries. While the Canada-Mexico tariffs have been postponed for 30 days, uncertainty remains about their final implementation. For manufacturers relying on intermediate parts, raw…

As the manufacturing industry continues to adapt to changing economic policies, businesses must stay ahead of key tax and trade adjustments that directly impact their bottom line. Two major areas of focus for 2025 are the proposed reinstatement of 100% bonus depreciation and the revamping of R&D tax treatment—both of which could significantly influence how manufacturers manage capital investments and innovation spending. Understanding these changes is essential for optimizing…