Unprecedented demand drives economic development modernization in Hoosier Energy territory.

November 12, 2023

When demand is unprecedented, the response needs to be too. Hoosier Energy and its 18 member systems across Indiana and Illinois continue to see an increase in economic development inquiries across the board, driven by federal legislation, a surge in reshoring and the energy transition, among other factors. Look no further than WestGate@ Crane Technology […]

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The manufacturing sector has an idyllic future, but a messy presentMetal fabrication technology versus the brain drain

November 11, 2023

As I walked from the exhibit hall toward the FABTECH Theater, I heard a comment that has stuck with me for weeks. Seeing all the technology at Chicago’s McCormick Place Sept. 11-14, I left FABTECH thinking of what the industry could become. Advances in AI, machine learning, software, robotics, and automation in general seemed to […]

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Bidenomics is actually the unholy offspring of Trumpism and big government, and it’s a disaster, says ‘money doctor’ Steve Hanke

November 11, 2023

From his perch at the nearby Johns Hopkins University in Baltimore, the “money doctor” was watching on with shock.  Steve Hanke is the “privatization” guru who served as a senior economist to the Council of Economic Advisers in the Reagan Administration. He’s traveled the world advising presidents from Argentina to Indonesia to Venezuela, including stints […]

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European companies ‘reshore’ to become resilient to global disruptions

November 10, 2023

According to a new report, regional sourcing and production are important to becoming less vulnerable to disruption, leading to more than half of UK companies looking to ‘re-shore’ their supply chain by 2026. The trend comes in response to disruptions leading to more than $1 trillion in missed opportunities for the global economy in the […]

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Ascential Technologies Facilitates Reshoring in Medical & Life

November 8, 2023

Opening of Blaine, MN facility follows White House designation of Minnesota as MedTech Hub, ribbon cutting on November 20 GRAND RAPIDS, Mich., Nov. 8, 2023 /PRNewswire/ — To help customers revitalize global supply chains through reshoring, Ascential Technologies today announced an expansion of its capabilities and domestic manufacturing footprint with the opening of a state-of-the-art, […]

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Nationalism’s Uncertain Future

November 7, 2023

Over the past three centuries, the global capitalist system has oscillated between periods of internationalism and free trade and periods of nationalism and protectionism. In recent years, it has been evident that a new transition is underway, with tariffs and trade wars as well as the pandemic and armed conflict prompting a reconfiguration of supply […]

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In 2024, Smart Manufacturing Will Walk Back Prior Plans

November 7, 2023

Among Fortune 500 manufacturers, 30% will dilute plans to bring manufacturing home. COVID-19, post-pandemic supply chain disruptions, container ships stuck in canals, and fractious geopolitics have combined in ways that make governments understandably nervous. And now they’re rushing to respond by identifying strategic industries (batteries, pharmaceuticals, etc.), offering cash and tax breaks, and generally cajoling […]

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The power of non-fiscal incentives to build a successful business environment

November 6, 2023

In light of recent global events — including geopolitical tensions, the Covid-19 pandemic and disruptions in global trade — businesses face a multitude of challenges that require innovative solutions to achieve sustainable growth and resilience. This transformation has principally reshaped the landscape of international commerce, which has prompted businesses to remodel operations, customer engagement and […]

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Nearshoring: A New Era for Resilience

November 6, 2023

by Omer Abdullah Co-founder, The Smart Cube TheSmartCube@finnpartners.com312-880-1300 Nearshoring and reshoring have gained significant attention as effective ways for businesses to rethink operations while mitigating risk and increasing speed to markets to optimize operations. What are the benefits and challenges? Nearshoring strategies can help de-risk supply chains and bring predictability and stability back to operations. […]

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A U.S. Manufacturing Supercycle Is Coming: Time to Reshore Now

November 6, 2023

GlobalAutoIndustry.com’s latest Audio Interview “A U.S. Manufacturing Supercycle Is Coming: Time to Reshore Now” features Rosemary Coates.  Ms. Coates is the Founder and Executive Director of the Reshoring Institute, a non-profit and non-partisan organization focused on expanding U.S. manufacturing. She is also the President of Blue Silk Consulting, a global supply-chain management consulting firm. She […]

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