ABC analysis of USA’s trade deficits
Supply Chain Professionals are working in a chaotic phase of global readjustment triggered by USA’s point of view anchored around trade deficits. For decades, Businesses in general& Supply Chains in particular have relied on ABC analysis to find priority for financial control. This short article is to decipher based on a Supply Chain this practice used. International Trade Centre data of USA trade deficits shows that USA has trade surplus with 118 countries USA has trade deficit with 99 countries. Of the 118 countries only 6 of the countries make up for 70% contribution to net trade deficit, China contributes 26 Mexico contributes 14% Vietnam contributes 9% Germany contributes 7% Canada contributes 7% Japan contributes 7% Of the total 97 HS codes only 4 contribute to 70% of the total net trade deficit Code ’85 (Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television ...) contributes 23% Code ’87 (Vehicles other than railway or tramway rolli...