Indonesia’s New Fishing Policy Targets Sustainability and Economic Growth, Official Says

June 9, 2024

TEMPO.CO, Jakarta – Indonesia’s Ministry of Maritime Affairs and Fisheries stated that the quota-based measured fishing policy is applied to better capture fisheries and create a balance between the economy and ecology of the marine and fisheries sectors. Tb. Haeru Rahayu, the ministry’s Acting Director General of Capture Fisheries, said on Saturday that the quota is […]

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Testing Scandal, Tired Teamwork and Are Manufacturers Breaking US Child Labor Laws

June 7, 2024

A fair amount of concerning manufacturing news captured the attention of our IndustryWeek manufacturing audience over the past week: a rise in U.S. child labor violations, an automotive testing scandal among Japanese automakers, and manufacturing’s continued No. 1 position as a recipient of cyber attacks. A few hints of better news also surfaced, however. IW’s […]

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Nearshoring shifts focus of procurement leaders

June 7, 2024

Bridget McCrea ·June 7, 2024 · Editor’s note: Procurement Pulse is a monthly look at a topic or trend that is impacting the procurement function at organizations of all sizes. If you are interested in future topics, you can see a full list of upcoming features on our Editorial Calendar. Bringing production and sourcing back to the […]

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Friendshoring the Lithium-Ion Battery Supply Chain: Battery Cell Manufacturing

June 6, 2024

Biden Administration Policies Tax incentives. Current tax incentives included in recent industrial policy packages—chief among them the IRA—aim to provide a launchpad for domestic manufacturers. They are meant to spur production of multiple goods necessary to the green transition, including the active materials production stage of the lithium-ion battery supply chain. When it comes to […]

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Why 2024 Is the Year to Invest in Industrial Real Estate

June 5, 2024

Amidst the economic uncertainties of 2024, industrial real estate is gaining attention as a potential stable investment option for those seeking protection against inflation. As of April 2024, we have seen many more industrial acquisition opportunities hit the market, and we expect this recent pickup of deals to set the tone for real estate valuations […]

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Pharmaceutical Manufacturing’s Reshoring Problem

June 4, 2024

“While the recent pitch for domestic manufacturing has hooked a diverse group of players — equipment suppliers, government, academic institutions, nonprofits, specialty manufacturers — global pharma companies have conspicuously kept their distance,” writes Pharma Manufacturing’s Chief Content Director Karen P. Langhauser. A broad and generic approach to reshoring ignores the many nuances that make up […]

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IAM Calls for Supply Chain Resilience, Reshoring U.S. Jobs at Trade Hearing

June 4, 2024

The IAM sounded the alarm on the negative effects of offshoring production of critical materials at a recent U.S. Trade Representative (USTR) hearing in St. Paul, Minn. “IAM members have seen first-hand the effects of interruptions to our nation’s supply chain, as companies have offshored production of important components,” said Peter Greenberg, IAM Special Assistant […]

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Mobile Robots to Remain Strong Segment of Automation Sector

June 3, 2024

The food & beverage sector is another high-level adopter of mobile robots. Within this segment there is a large number of cases and pallets which need to be moved, a task well suited for a robot to complete. It is a sector with very predictable end demand, said Sharma, and there is a growing direct-to-consumer […]

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The U.S. is a central axis that leads the global economy and stock market, and the return on equity

June 2, 2024

The U.S. is a central axis that leads the global economy and stock market, and the return on equity (ROE) continues to rise through growth and distribution. In particular, companies such as Apple, Alphabet, Microsoft, and Nvidia represent global growth stocks and have become promising investment destinations for investors. It is leading technological innovation across […]

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Southeast Asia gets hit by the dealmaking slump, with a 39% drop in private equity deal value in 2023

May 30, 2024

Private equity investments are getting scaled back worldwide, as “higher for longer” interest rates and uncertain global growth have dampened investor appetite for risk, And Southeast Asia, just a few years ago seen as a budding hotspot for the digital economy, is no exception. A new report from Bain and Company shows that private equity […]

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