Afternoon Coffee: Vietnam aiming to replace China for U.S. manufacturing; Del Monte to axe plants, workers in Midwest

From all indications it may take years for Vietnam to replace China as a manufacturing hub for U.S. companies even though some have started expressing such hope, and even making such moves, reports the Wall Street Journal.

Del Monte to close plants, fire workers in major supply chain shift

Del Monte Pacific Limited has said it will shut down three production sites in Minnesota and Illinois, resulting in 188 full-time employees and 656 seasonal employees being laid off. A company spokesperson told Food Dive this was a transition to what executives call an "asset-light strategy."

Navy awards contract to General Dynamics for Gatling guns

General Dynamics Ordnance and Tactical Systems was awarded a modification to a previously awarded contract from the U.S. Navy for the latter to purchase 66 M61A2 20mm Gatling gun systems. This is valued at more than $20 million and covers the procurement of the guns in support of F/A-18E/F Super Hornet aircraft production for the Navy and for the government of Kuwait.

Trade war hits North Dakota soybean farmers hard

North Dakota had invested millions into the soybean crop, its storage and railroad infrastructure. For years, it paid off in trade with China, which imported those soybeans for years. But with the tariff war between the U.S. and China, and the latter shunning the U.S. market for a second growing season, North Dakota farmers are reeling from the loss, reports Reuters.

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