043 – Manufacturing and President Trump’s Trade Policies, Chris Mitchell of mfg.com

Published by Filip at March 7, 2017

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TPS043-Chris Mitchell with mfgcom

Chris Mitchell is a seasoned marketer with considerable digital and e-commerce marketing experience, especially in building online applications and marketplaces. He founded or co-founded several internet startups and also served as director of user experience for MFG.com between 2005 and 2007, where he designed all aspects of the MFG.com website and related user and back-office applications.

Chris talks about soliciting quotes from manufacturers and results of the mfg.com survey entitled – “How Will President Trump’s Proposed Trade Policies Affect U.S. Manufacturing?”

In this episode, we learn about

General findings of the mfg.com survey [3:18]
Will trade barriers increase US-based manufacturing? [4:23]
The importance of conducting this survey [6:00]
What Chris found suprising in the report [8:48]
The elasticity of demand [10:28]
Clear support to re-negotiate the North American Free Trade Agreement (NAFTA) [12:29]
Understanding the Trans-Pacific Partnership (TPP) [13:11]
The effect of automation on manufacturing [16:18]
MFG.com focus on the US [20:33]
Submitting a Request for Quote (RFQ) [24:48]
What makes an effective (and ineffective) RFQ [27:43]
Determaining manufacturing costs [30:06]
The benefits of personal communication with your manufactuers [32:08]
The old way of soliciting quotes [33:20]
Accepting the RFQ and awarding work [34:55]
Key differences between manufacturing in the US versus in China [38:17]
The award ratio to keep within the mfg.com system to stay in good standing [40:17]
Using online RFQ tools to estimate costs [44:13]