SMP’s Eric Sills Testifies Before US House Committee On Supply Chain Concerns

All through the hearing titled, “Investing in American Employment Legislation to Bolster Manufacturing and Competitiveness,” Sills spoke to strengthening provide chain resiliency and thinking of actions to tackle each the small- and extensive-phrase crises we facial area. 

Symbolizing SMP and its 2,500 U.S. employees in 8 States, Sills was one of only 4 witnesses invited to testify to examine investing in domestic producing and American competitiveness. “The impacts from COVID-19 followed by the enhanced buyer and sector desire in 2021 have exposed the vulnerabilities of this 21st century offer chain,” commented Mr. Sills. “A mix of time, tailored trade coverage, and vigorous domestic actions are required for the U.S. to restore and reinvigorate our supply chain.”

He concentrated on 3 regions of issue: 

• Elementary provide chain challenges 
• Workforce worries that exacerbate domestic and world competitiveness 
• Steps to improve source chain resiliency 

Pertaining to what techniques must be taken, Sills advocated for a specific approach to re-shoring of manufacturing, stating that “[SMP] will carry on to concentrate on U.S. producing of superior-price-added complex technologies that greatly enhance our current market share leadership. This method will improve our in general national aggressive placement though trying to keep producing and buyer expenditures down. All over again, we do strongly believe in the gains of USMCA, which present the prospect for price tag optimization in just the location and hence global competitiveness, with a lessened reliance on China and transoceanic freight, while also benefitting our trade allies.” In addition, Mr. Sills highlighted SMP’s aim of supplying shoppers with large-top quality substitute elements to continue to keep America’s 280 million vehicles functioning on the streets safely and securely and successfully and emphasized the legislature’s role in supporting American competitiveness and a strong offer chain for any merchandise essential to the country’s infrastructure. Mr. Sills stated, “We will have to concentrate on guidelines and initiatives that support in securing trusted and cost-effective entry to [consumers’] parts desires.”  

Study Sills’ entire testimony Listed here. 

Added witnesses at the listening to included: 

• Caolionn O’Connell, Ph.D, Senior Actual physical Scientist, RAND Corporation 
• Scott Paul, President, Alliance for American Manufacturing 
• Scott Lincicome, Senior Fellow, Financial Experiments, CATO Institute

The listening to took put virtually and can be seen on the Committee webpage here.