Here at Ferriot, an increasing number of our clients are expressing growing concerns over the Coronavirus crisis and the impact of this crisis on the global supply chain. The situation remains very volatile, changes daily, and continues to have a global impact.
This affects injection molding because the industry relies heavily on Asia, especially China, to manufacture a significant portion of the tooling. A large percentage of plastic parts are molded there as well. The lower labor cost has allowed Asian countries to deliver tooling at a lower cost and provided OEMs with a reasonably safe supply chain.
