U.S. Manufacturers Reshoring, But It Will Take A Long Time

August 19, 2023

Spending on construction, manufacturingDr. Bill Conerly based on data from U.S. Census Bureau American manufacturing companies ramped up construction of new factories this year, working especially hard at building semiconductor facilities but also erecting new factories for food and beverage processing, chemicals and plastics. At the same time, some companies have added facilities nearby, such […]

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Midland Deburr & Finish invests in machinery to meet rising reshoring demand

August 18, 2023

Midland Deburr & Finish, a provider of precision finishing solutions specialising in vibration deburring, solvent degreasing and vapour degreasing, based in Lye, West Midlands, has announced a significant investment in machinery to cater to the growing demand for their expertise in deburring and degreasing. The company has acquired a Walter Trowel CM 605 vibro bowl […]

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US solar market reshores energy supply chain following passage of IRA

August 17, 2023

From pv magazine USA One year ago this week, the IRA was signed into law, marking the largest climate and energy spending package in US history. Inside the massive energy, climate, and tax bill is $600 billion in spending, $370 billion of which is dedicated to supporting renewable energy buildout and climate resilience. The IRA […]

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Reshoring manufacturing interest grows but is slow going – TechTarget

August 17, 2023

Investment to spark manufacturing technology explosion A lot of investment is coming to manufacturers through policies such as the CHIPS and Science Act and the Inflation Reduction Act, which will help companies build in the capabilities to reshore and multi-source away from China dependency, according to Raj Badarinath, chief marketing and product officer at Rootstock, […]

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Inflation Reduction Act: How the climate law set a ‘trillion-dollar shift’ for EVs into motion

August 16, 2023

The largest climate investment in US history has dramatically reshaped the EV landscape. One year ago, President Biden signed the Inflation Reduction Act (IRA) into law, which set aside roughly $400 billion in federal funding for clean energy. Since then, carmakers and suppliers have announced more than $62 billion in investments in EVs, according to […]

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Reshoring Electronics Manufacturing with 3D Printing: A Conversation with NextFlex

August 16, 2023

While much of it takes place behind the closed doors of corporate labs, electronics 3D printing is quietly revolutionizing the way goods are manufactured in the U.S. and abroad. And, thanks to the CHIPS Program, it is receiving a federal boost that will see new ways of making electronics take place at an increasingly domestic […]

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Report reveals a lack of skills is holding back UK reshoring drive

August 15, 2023

More than half of manufacturers in the UK feel they don’t have the right skills to take advantage of the growing reshoring trend, according to the In-Comm Training Barometer. 53% of companies said they would need to invest in boosting the skills of the workforce if they are to bring work home, with just over […]

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Britain receives major Brexit boost as UK manufacturers bring business back from overseas – Express

August 13, 2023

I’m not a Brexiteer. My two feet are planted firmly in the Remain camp, as the business case for staying in supported a much healthier alternative for our company, Brandauer, one of the UK’s leading independent precision stampers. However, I’m not a politician. I’m a UK manufacturer and we have achieved great things by making […]

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Subsidies promised under US chip reshoring act become nightmare for manufacturers – Global Times

August 10, 2023

Illustration: Chen Xia/Global TimesAs the US Department of Commerce on Wednesday issued a statement to celebrate the first anniversary of the so-called CHIPS and Science Act, which was signed into law by US President Joe Biden, financial network CNBC reported that semiconductor manufacturers in the US are still waiting for the subsidies the act promised.  […]

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South Korea Sees Only 1 Company Return for Every 100 Departing – BusinessKorea

August 9, 2023

Despite a global rush of major companies reshoring, South Korea uniquely trails its competitors in encouraging businesses to return, with the growth in returning companies remaining slow. Despite recent government efforts to encourage reshoring, assessments indicate that it is still insufficient. According to industry sources on Aug. 8, since the government began encouraging the return […]

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