New Balance Ramps Up Reshoring with Skowhegan Factory Expansion Groundbreaking in Maine

June 5, 2023

Reshoring is an extremely important aspect of reducing the carbon footprint of sneaker brands. It’s also one of the most overlooked and under-discussed aspects. This is because the production of footwear in the U.S. is almost taboo. Brands have conditioned the consumer to offshore production and cheap retail prices. The majority of footwear is purchased […]

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Firms are bringing production back home because of the Ukraine war, China’s slowdown and TikTok

June 1, 2023

In the U.K., 40% of manufacturers surveyed by industry group Make UK said they had sourced more goods domestically over the past year, and around the same proportion plan to over the next year. Make UK surveyed 137 companies in January and February.  While producing goods close to their point of sale can reduce costs, […]

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Reshoring Rides EV Battery Wave, Taking Aim for Another All-Time High

June 1, 2023

Reshoring + FDI manufacturing job announcements are continuing to outpace recent records, adding 101,500 jobs in 2023 Q1. Top takeaways: •    2023 Q1 reshoring + FDI jobs announced are up 11% from 2022. •    If the current rate continues, reshoring and FDI will total over 400,000 jobs in 2023. •    Electrical Equipment remains the top […]

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Wave of mega projects mounts in 2022

May 31, 2023

An impressive 159 large foreign direct investment (FDI) projects worth at least $1bn were announced globally in 2022, fDi Markets’s cross-border investment data shows. This is a record-breaking number of mega projects, as they are known.  While they represent less than 1% of the 16,000 FDI projects announced worldwide in 2022, they make up for half […]

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NexWafe secures US$32 million to build wafer plant in Germany

May 31, 2023

Solar wafer producer NexWafe has secured a €30 million (US$32 million) investment to accelerate the construction of its first commercial-scale wafer plant in Bitterfeld, Germany. The company expects to raise additional funding in the second half of the year, while this funding round came from current investors such as Indian conglomerate Reliance New Energy – […]

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Is the dry bulk market set for a super-cycle?

May 30, 2023

In his regular monthly column, Pierre Aury discusses how a super-cycle could emerge.  During the Maritime CEO Forum held recently in Singapore the question was asked about a possible, or at least a plausible, new super-cycle looming in dry bulk. The moderator of the dry bulk market outlook panel noted that geopolitical risks tend to […]

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A return to normal? | CSCMP’s Supply Chain Quarterly

May 30, 2023

In our annual outlook, we identified 2023 as being a year of two halves. The first half of the year is expected to see a return to “normal” supply chain conditions, particularly in terms of physical network operations. The second half, however, may bring confirmation of changing corporate sourcing strategies in the wake of the […]

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Choice Hotels Reportedly Seeking To Buy Wyndham

May 24, 2023

Google Maps A Hawthorn Suites By Wyndham at 910 South Boulder Highway, Henderson, Nevada. Choice Hotels International is reportedly looking to buy Wyndham Hotels & Resorts, The Wall Street Journal reported, citing anonymous sources. The hotel franchise giants are in the early stages of talks and it isn’t clear that Wyndham would be on board, Reuters reported, also citing […]

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First Quarter Construction Update: The Good, the Bad, and the Ugly

May 23, 2023

Issue 43 – First Quarter 2023 After a year of steady, albeit downbeat, economic dynamics, conditions are beginning to change. While many of the same challenges remain in place, including inflation and labor shortages, the construction industry now faces the cumulative weight of ten consecutive interest rate increases and tighter credit conditions due to fallout […]

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Chinese Low-Cost Solar Exports Challenge US, EU and India Reshoring Policies

May 23, 2023

Chinese modules were 57% cheaper than the modules produced in the U.S. and EU during 2022 May 23, 2023 / Satish Shetty / Manufacturing, Markets & Policy, Solar China’s solar exports surged by 64% to $52 billion in 2022, on the back of low-cost supply and technological expertise, despite global trade tensions, according to a […]

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