How Pennsylvania Fares Amid the U.S. Industrial Transition

September 12, 2023

By all accounts, the post-pandemic period in the U.S. is characterized by a remarkable resurgence in advanced manufacturing – a response to such challenges as rising geopolitical tensions, the climate crisis, and supply-chain vulnerabilities. This transformation, which we have termed the “industrial transition,” is being catalyzed by increased federal spending – notably, via the Inflation […]

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Korea urged to do more to bring back companies

September 12, 2023

By Lee Min-hyung Economists and industry officials, Tuesday, called for the government to provide enhanced corporate tax incentives to repatriate the overseas production lines of local firms, promoting domestic economic growth and job creation in the face of rising global protectionism. They said companies appear to consider the government’s recent tax incentive packages unsatisfactory, as […]

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U.S. Sen. Todd Young named Bayh-Lugar Government Leader of the Year

September 11, 2023

In today’s political climate, it takes a true problem-solver to build consensus and get things done. For reaching across the aisle to work with Democratic leadership in authoring and supporting the CHIPS and Science Act to strengthen the country’s economic and national security, U.S. Sen. Todd Young is being heralded by the Indiana Chamber of […]

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Nextracker opens new dedicated manufacturing facility in Las Vegas

September 11, 2023

Nextracker has just unveiled a new dedicated manufacturing facility in Las Vegas along with Unimacts, which will own and operate the facility. The new facility will produce critical steel components exclusively for Nextracker used in ground-mount solar power generation plants to serve projects in Nevada and southwestern states. This is Nextracker’s sixth public dedication of […]

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U.S. Manufacturing Technology Orders Dip in July but Show Resilience Amid Economic Uncertainty

September 11, 2023

New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease […]

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What’s Driving the Manufacturing Boom in the Carolinas: Part 1

September 11, 2023

Business is booming for manufacturing in North Carolina and South Carolina. Historically, the Carolinas have been effective in attracting manufacturing projects. During the last few years, this investment has been driven by a number of factors, including reshoring, foreign direct investment (FDI), emerging technologies, government incentives, the energy transition, consumer demand, and more. The first […]

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Shifts and realignments: Leading in a transitioning world

September 10, 2023

The geopolitical landscape is constantly shifting and with every movement, the world feels the tensions as countries balance their actions and reactions to mitigate the risks and/or take advantage of opportunities. Factors such as international crises, environmental and climate stress, economic conditions or changing alliances can trigger geopolitical shifts and the resulting dynamics, risk resilience […]

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IPEF stakes could not be higher

September 10, 2023

IPEF partner countries and businesses need more from the fledgling agreement — it’s time they raise their voices. International trade is at a crossroads. The United States, long a bastion of free trade and international cooperation, finds itself grappling with new priorities. The imperative to rejuvenate domestic industries, coupled with a shift toward the Indo-Pacific […]

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Industrial growth filling warehouses in Fort Worth – Fort Worth Report

September 9, 2023

It’s not just people that are migrating to Texas. Companies are too, with many of them filling the industrial spaces in Fort Worth.  Reshoring, the growth of the electric vehicle supply chain and new, more automated distribution centers are fueling the growth, according to local real estate leaders.   Get to know your community better with […]

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North America robot orders decline for second consecutive quarter

September 9, 2023

A slow U.S. economy and high interest rates have taken a toll on robot orders in North American, resulting in a decline for the second quarter in a row after record purchases in 2021 and 2022. According to the latest report from the Association for Advancing Automation (A3), companies ordered 7,697 robots valued at $457 […]

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