As Manufacturers’ Monthly reports on a push by an AMCL campaign to ‘Buy Australian Now’ and support locally made products, it reflects a worldwide move to a more protectionist climate with national interest placed into the buying decision making mix.
So how long will it be before Australia goes from ‘softer’ measures to more protectionist policies in line with other countries?
This article from the US perspective examines the implications for manufacturers’ supply chains as the barriers to trade tighten. The measures being taken may have to be addressed by other manufacturers throughout the world if things continue.
The article also assesses the pros and cons for global trade of protectionism versus free trade. However, it looks like the strengthening of barriers is gaining support, so what are companies doing stateside to limit the damage and can we adopt the same strategies in Australia? See more here.