Belgium leads the charge on the EU’s medicines reshoring plans

December 6, 2023

This article is part of the Belgian Presidency of the EU special report. In the mountain town of Kundl, Austria, 10 fermenting vats — the largest 250,000 liters in volume — bubble with the Continent’s pharmaceutical future. The new plant, inaugurated by pharmaceutical company Sandoz on November 10, doesn’t bring just jobs and money to […]

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Reshoring Initiative 1H 2023 Report Announces Upward Trends

December 5, 2023

Photo Credit: Reshoring Initiative According to the Reshoring Initiative’s latest 1H 2023 report, announcements made regarding the first half of 2023 and foreign direct investment (FDI) were in line with 2022’s record reshoring rates — upwards of 300,000 jobs are expected to be announced by year-end. EV battery and chip investments along with other essential product industries […]

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Automation trends: a 12-month forecast: How sustainability, artificial intelligence and reshoring will shape the demand for automation

December 5, 2023

By 2030, it is predicted that over 85 million positions will be unfilled across the globe, hampering economic growth and presenting an opportunity for businesses to introduce more automation. Here, Tom Cash, a director of industrial parts supplier, Foxmere, identifies three major trends that are likely to shape the demand for automation over the next […]

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Why does Nvidia CEO see long journey to US chip independence?

December 4, 2023

The Biden administration’s aggressive quest to reshore the chip supply chain has emerged as a long-term strategic priority for the United States, driven by concerns over national security and a desire to reduce dependency on foreign sources. The intricate interdependencies within the semiconductor ecosystem, coupled with the pivotal role these chips play across diverse industries, […]

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Joe Biden Chokes China’s EV Industry, Proposes Fresh Regulations To Reshore Auto Supply Chain

December 4, 2023

The Tema ETF Trust Tema American Reshoring ETF RSHO was consolidating Monday after surging 2.34% on Friday. The move higher came after President Joe Biden proposed fresh regulations aimed at boosting the production of electric vehicle batteries and their components in the United States. The new rules may motivate U.S.-based EV automakers to change their […]

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Supply Chain Independence in the US Chipmaking Industry Could Take a Decade or Two, Says Nvidia’s CEO

November 30, 2023

Nvidia’s CEO, Jensen Huang, a visionary in the semiconductor industry, offers a sobering perspective. He asserts that achieving supply chain independence for chip manufacturing in the US is a complex journey, spanning possibly a decade or two. This timeline casts a shadow over the ambitious goal of reshoring the chipmaking industry, a key priority for […]

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President Biden Must Stand Firm Against the WTO and Protect American Research and Jobs | Opinion

November 29, 2023

President Biden has fought hard to protect America’s global leadership in biotechnology. Most recently, he announced a $500 million investment, authorized under the CHIPS and Science Act, to spur innovation in more than 30 new “tech hubs” across the nation. And late last year, he launched the National Biotechnology and Biomanufacturing Initiative, which aims to […]

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European solar power companies warn against import curbs

November 29, 2023

BRUSSELS/BERLIN, Nov 29 (Reuters) – More than 400 companies involved in Europe’s solar power sector urged policymakers on Wednesday not to launch a trade investigation that could lead to EU tariffs on imported solar products. The call comes ahead of a meeting of solar industry chiefs, national ministers and the EU commissioner for the internal […]

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Can EU green manufacturers ever compete with low-cost imports?

November 29, 2023

Economic security – an idea that encompasses a broad set of interconnected elements including supply chain resilience, research integrity, and industrial competitiveness –  has become a defining issue for European policymakers. External threats such as another global pandemic, violence spreading across regions like eastern Europe and the Middle East, an ever more powerful China and […]

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Biden Admin Announces Flurry of Reshoring Actions, Including Council on Supply Chain Resilience

November 29, 2023

Yesterday, I posted about the over $6 billion in new funding for US advanced manufacturing related to batteries and semiconductor packaging announced by the Biden administration to be awarded in 2024. Meanwhile, the day before I wrote the post, on November 27, 2023, the administration had already announced a litany of other related plans for […]

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