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Kearney finds reshoring has moved beyond the drawing table

April 13, 2023

Kearney’s 10th Annual Reshoring Report finds a potent mix of shifting consumer sentiment, increased scrutiny on ESG stances and labor policies, government incentives, and improvements in automation have aligned to make reshoring and nearshoring powerful commercial realities that are changing the face of international trade. CHICAGO, April 13, 2023 /PRNewswire/ — Reshoring, and nearshoring, have […]

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Infrastructure Issues Among Challenges as Mexico Eyes Growth

April 13, 2023

While Mexico’s economy stands to gain even if only a fraction of the U.S. manufacturing base heads south of the border, there are significant impediments that could prevent it from reaping any major rewards. The three key obstacles include inadequate infrastructure, such as supply of water and energy, security-related concerns and competition from other countries, […]

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Why Chart Industries Was Rocketing 12% Higher Today

April 12, 2023

What happened Shares of Chart Industries (NYSE: GTLS) were rising on Wednesday, up 12% on the day as of 1:08 p.m. ET. On March 17, cryogenic tank and gas-handling storage specialist Chart Industries completed the $4.4 billion acquisition of U.K.-based Howden, which makes industrial gas handling equipment, such as compressors, heat exchangers, steam turbines, and […]

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Resurfaced Legislation Incentivizes Reshoring

April 12, 2023

Click here to read the full article. A newly reintroduced bill aims to incentivize U.S. companies to bring production stateside—using funding from punitive tariffs on China-made goods. Congressman Mark Green’s (R-Tenn.) Bring American Companies Home Act proposes using Section 301 tariff revenue to provide tax incentives to companies that shift manufacturing from China to U.S. […]

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Higher political risk points to a reorganisation of global value chains and move away from “just in time”

April 12, 2023

Certainly, the global energy market has already been turned upside down since the invasion of Ukraine as Europe moved to stop buying Russian energy. Russia has been forced to redirect its energy exports to friendlier nations such as China and India, sold at a discount to global prices. In Europe, the short term solution has […]

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MacroFab secures $42M funding as US OEMs ramp up nearshoring and reshoring of electronics production.

April 12, 2023

Electronics manufacturing firm, MacroFab, announces a successful funding round of 42 Million USD as part of its expansion plan into the United States and Mexico. Houston, Texas –News Direct– Prodigy Press Wire MacroFab, a venture-funded electronics manufacturing platform, has successfully raised $42 million in funding to expand its services in the US and Mexico. The […]

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How does ChatGPT Affect Manufacturing’s Labor Crisis?

April 12, 2023

As skilled tradespeople retire, manufacturers are feeling the squeeze between their customers’ reshoring initiatives and the challenge of finding skilled labor to fulfill projects. But a new wave of generative AI that has made headlines across the world could bring relief.  Managing skills has always been a challenge for technical manufacturers. When new employees join, […]

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Decentralizing Lithium Refining Key to Scaling Battery Manufacturing and Recycling

April 12, 2023

Decentralizing lithium refining key to scaling battery manufacturing and recycling. Over the past year, North America has made huge strides in reshoring the lithium supply chain. The Biden Administration is investing $74 million in lithium battery recycling technology on top of the $2.8 billion set aside for domestic battery manufacturing; Canada is making strides in […]

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Bennett: Texas must have an economic development program to compete for jobs and investment

April 12, 2023

Chairman Todd Hunter’s Texas Jobs & Security Act (CSHB 5) will keep Texas competitive and bolster our state’s economic security by helping to reestablish our global manufacturing dominance, reshore our supply chain, and ensure electric grid reliability. The limited, temporary property tax discounts included in the new economic development program CSHB 5 creates are imperative […]

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Made in the USA – Season 2 Episode 6: Why, and How

April 11, 2023

Listen to the sixth episode of season two here, or visit your favorite podcast platform to subscribe to “Made in the USA.” Catch up on season 1 here. Featured Content Made in the USA – Season 2 Episode 6: Why, and How, Hardinge is Reshoring Machine Tool Production Benchmarking: An Invaluable Business Tool Machining Questions? Ask […]

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