Reshoring improves service while reducing supply chain risk

October 1, 2023

Since the demands on the supply chain during and just after the pandemic heightened the attention on how we manufacture and deliver goods, there has been quite a movement to bring manufacturing and distribution closer together in what is known as “reshoring.” As a leader in the fastener industry, Optimas has been embracing this trend […]

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At Calif. GOP convention, Vivek Ramaswamy promises ‘mass layoffs’ in federal workforce

September 30, 2023

Wagging a pocket-sized copy of the U.S. Constitution he pulled from his suit coat, entrepreneur Vivek Ramaswamy said he would impose eight-year term limits for federal workers and reiterated his pledge to reduce the federal workforce by 75% if he wins the Republican nomination and is elected president. What You Need To Know At the California […]

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Tim Scott California GOP Convention

September 30, 2023

Republican presidential candidate Tim Scott leaned into his personal poverty-to-politics history to make the case for his GOP nomination Friday. During a brief appearance, the South Carolina senator said that “the truth of my life destroys the lies of the radical left.” What You Need To Know South Carolina Sen. Tim Scott said the border […]

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How Cities Navigate the New Economic Order

September 29, 2023

As CIA Director William Burns asserted in a speech earlier this summer, we are living through a rare “plastic moment” in history, one which is fundamentally remaking assumptions and arrangements that have been settled for decades. A new global economic order is emerging in the aftermath of the pandemic, powered by profound geo-political tensions, transnational […]

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Industrial Sector Navigates Growth Challenges

September 29, 2023

To prevent disruptions, firms switched from a just-in-time to a just-in-case approach, which means more warehouse space. The industrial sector’s recent boom is set to temper in 2024 and 2025, with the initiation of new projects plummeting in 2023 to just 204.3 million square feet, down from 614.1 million the previous year. According to the […]

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DoD Announces $270M in New Funding for US Advanced Manufacturing

September 28, 2023

The US Department of Defense (DoD) made two announcements in the last couple of weeks that together amount to about $270 million in public spending on the US production base, funds that are intended to build up the country’s advanced manufacturing capabilities, in particular. The first announcement, made on September 20 and involving funds from […]

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Another manufacturer comes to Santa Teresa

September 28, 2023

Bulletin report Gov. Michelle Lujan Grisham and Hota Industrial Manufacturing Chairman David Shen announced a final agreement Sept. 20 to expand business for the major auto parts supplier into Santa Teresa, New Mexico. Taiwan-based Hota Industrial Manufacturing, a producer of automotive gears for North American and European clients, including Tesla, signed an agreement for a […]

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Chip industry strains to meet AI-fueled demands ,€” will smaller LLMs help?

September 28, 2023

Generative artificial intelligence (AI) in the form of natural-language processing technology has taken the world by storm, with organizations large and small rushing to pilot it in a bid to automate tasks and increase production. Tech giants Google, Microsoft, and Amazon are all offering cloud-based genAI technologies or baking them into their business apps for […]

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Perspectives on the Economic Situation

September 28, 2023

With the arrival of September, football season and just three months to go before 2023’s books close, football fans are wondering which college teams in the reshuffling conferences will make it to the top 10, and recession watchers, looking at tea leaves and listening to Fed-speak, are trying to determine when and if the long-expected […]

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2023 US Manufacturing Developments: A Comprehensive Overview

September 27, 2023

Key Data Points from Industry Indices What are the ISM Purchasing Managers’ Index insights for 2023? The Institute for Supply Management’s (ISM) Purchasing Managers’ Index (PMI) has been a beacon for understanding 2023 US manufacturing developments. Throughout the year, the PMI has shown fluctuations, reflecting the industry’s dynamic nature. By August, the PMI rose to […]

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