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Key Tronic unlocks onshoring growth after pandemic, trade war

China 2731 Cons. Discr. - Autos 1014 Coronavirus 472 Earnings 566 Info Tech - Tech Hardware 663 Mexico 775 Tariffs 1704 U.S. 4856 USMCA 441

Tier 2 automotive component supplier Key Tronic reported Q4’20 revenue growth of 10% year over year due to the “trend of contract manufacturing returning to North America”, according to CEO Craig Gates. That’s likely linked to the fall-out from the U.S.-China trade war, USMCA and the early stages of supply chain restructuring linked to the pandemic, all of which are trends that will likely continue in 2021. Gates has warned that the firm “remains vulnerable to temporary disruptions caused by a flare-up of the virus and associated lockdowns and regulations” but is using a mixture of alter...

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