Industry Market Status Continued from pg 27


terms to account for changing costs. Meanwhile, government incentives- including tariffs on imported vehicles- are prompting manufacturers to reassess production locations and reinvest in North


priorities are also shaping operations. Sustainability,


America. Environmental resource


investment casting. optimization,


and energy sourcing are now central to business strategy. These trends bode well for As reshoring


accelerates and U.S.-based production scales, demand for precision metal components is increasing across aerospace, automotive, energy, and industrial markets. 2025 will likely continue


this expansion, albeit caution around macro volatility.


Labor and Supply Chain Labor remains a limiting factor. While hiring improved in 2024, most foundries still report extended lead times compared to pre-pandemic norms.


Trade & Tariffs The status of US tarriffs remains fluid. These shifts created uncertainty across the supply chain, impacting sourcing strategies and inventory management. New duties on key components from Asia may introduce fresh challenges. As a result, U.S. investment casters are increasingly exploring domestic and nearshore suppliers to stabilize costs and lead times. Continued policy fluctuations are expected to influence purchasing behavior well into 2025.


Government Incentives Policy-driven reshoring is accelerating. The CHIPS and Science Act, IRA, and infrastructure investments are spurring manufacturing growth. • $614 billion+ committed to U.S. reshoring and FDI projects since 2021


• Tariffs on imported autos are pushing OEMs to localize more production


28 ❘ April 2025 ® with


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