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Senator Coons introduces resolution to promote nearshoring and strengthen economic relations with Latin America, Caribbean

June 23, 2023

WASHINGTON – U.S. Senators Chris Coons (D-Del.), Bob Menendez (D-N.J.), Todd Young (R-Ind.), Tim Kaine (D-Va.), and Bill Hagerty (R-Tenn.) introduced a resolution today calling for greater support for nearshoring and reshoring initiatives to relocate global supply chains to the United States and partner countries in the Western Hemisphere. “Strengthening economic ties between the United States […]

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Reshoring, Near-Shoring, and Supply Chain Optimization: Impacts on Workforce and the Need for Talent

June 23, 2023

The global landscape of manufacturing and supply chains has undergone significant transformations in recent years. Factors such as rising labor costs, geopolitical uncertainties, and disruptions caused by the COVID-19 pandemic have led to a re-evaluation of supply chain strategies. Reshoring and near-shoring initiatives, coupled with the adoption of supply chain optimization practices – such as […]

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This is the strangest economy

June 21, 2023

This is the strangest economy – like nothing we have ever seen before. America • Inflation is up, but so are the jobs numbers. We added 339,000 jobs to the American economy in May. But many companies, especially in high tech, are laying off people. • We are officially in a bull market. • Unemployment […]

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2023 State of Logistics Report indicates supply chains have adapted to drive resilience after two years of global volatility

June 20, 2023

The 2023 State of Logistics Report was unveiled at the Indianapolis Motor Speedway today, with the 34th annual publication finding that U.S. supply chains responded to the global volatility from the past two years by transforming supply chain networks to improve resilience against future disruption. Produced annually for the Council of Supply Chain Management Professionals (CSCMP)  by global […]

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The reshoring boom is stoking demand for robotics. Here are the stocks poised to benefit

June 16, 2023

The reshoring trend is bringing manufacturing back into the U.S., putting the need for robots and automation at the forefront of the building boom. Pandemic-era supply chain constraints as well as rising offshore wages and transportation costs have contributed to the shift. Geopolitical risk factors also are at play. A recent research note from UBS […]

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A factory boom is finally happening

June 15, 2023

President Obama tried to revitalize American manufacturing, with little to show for it. President Trump tried too, with similarly unimpressive results. Under President Biden, however, a manufacturing boom finally seems to be getting started. Since the beginning of 2022, construction spending on new factories has more than doubled, from an annualized rate of $91 billion […]

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Manufacturing Projects for EV Batteries and Semiconductors Catapult Reshoring

June 15, 2023

Reshoring and foreign direct investment (FDI) created more than 364,000 new U.S. manufacturing jobs in 2022, a 53 percent increase from the 2021. A surge in manufacturing projects for EV batteries and semiconductor chips—combined with the continuing trend of reshoring across a broad range of industries—helped to propel current and future manufacturing jobs to a […]

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Cassidy – Baldwin introduce bill to stop china from taking advantage of lax US trade laws

June 14, 2023

06.14.23 Cassidy, Baldwin Introduce Bill to Stop China from Taking Advantage of Lax U.S. Trade Laws WASHINGTON – U.S. Senators Bill Cassidy, M.D. (R-LA) and Tammy Baldwin (D-WI) today introduced the De Minimis Reciprocity Act of 2023 to stop Communist China and other countries from abusing U.S. trade laws that allow small dollar imports into the U.S. duty free. […]

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91% Of Manufacturers Intend To Raise Prices In The Second Half Of 2023, A New Poll Finds

June 14, 2023

Workers assemble cars at Ford’s assembly plant in Chicago.Jim Young/AFP via Getty Images The survey of top executives by Forbes, Xometry and Zogby also shows a preference for Biden’s manufacturing policies among 2024 presidential candidates. Nine out of 10 manufacturers intend to hike prices in the second half of this year, according to a new […]

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Cdn. compound fertilizer manufacturer to reshore operations to Ont.

June 14, 2023

Cdn. compound fertilizer mfg. facility to supply domestic and foreign markets MAITLAND — Vanguard Crop Nutrition Inc. (VCN Canada) has begun construction on a compound fertilizer manufacturing facility in Maitland, Ontario. “There is no better time than now to build and safeguard Canada’s manufacturing and supply of next-generation crop nutrition solutions,” said Ryan Brophy, VCN […]

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