New research from automation software company Medius reveals that 58 per cent of UK manufacturing firms are reshoring their supply chains, moving production from overseas to the countries where goods are sold. According to the survey, 90 per cent of businesses that have engaged in reshoring have had a positive experience, with 24 per cent […]

U.S. manufacturers say it’s harder to do business now than during the pandemic, with 78% of manufacturers saying the past six months have presented significant challenges, citing interest rate increases (28%), increasingly complex global supply chains (28%), weak consumer demand (25%), and pressure from consumers on price (25%). As a result of challenging economic conditions, […]

WASHINGTON (AP) – There’s been no shortage of tough news for China’s economy as some of the world’s biggest brands consider or take action to shift manufacturing to friendlier shores at a time of unease about security controls, protectionism and wobbly relations between Beijing and Washington. Count Adidas, Apple and Samsung among those looking elsewhere. […]

2023 reshoring + foreign direct investment (FDI) job announcements continued their record-breaking run. 1H2023 announcements were in line with 2022’s record rate. Q3 announcements have slowed some. We expect to see upwards of 300,000 jobs announced by year-end. EV battery and chip investments and other essential product industries supported by Bidenomics including solar, clean energy, […]