Supply Chain Research

Wind turbine maker Siemens-Gamesa has stated it will not pass along the 2% to 4% increase in costs due to U.S. tariff increases to its customers. That’s a marked contrast to most other capital goods companies and likely reflects the highly competitive nature of wind-power projects as well as the fixed price terms included in already signed but as yet unbuilt projects. Following the merger of Siemens and Gamesa in April 2017 the U.S. seaborne imports by Gamesa climbed 2.8x on a year earlier. However with 57% of those shipments having come from China there’s a risk that there will be furth...