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Confronting China and Catching Up on Chips

April 10, 2023

Reports Navigation The United States and the European Union (EU) are aligned on the security risks of an unstable semiconductor supply chain—and yet they risk fighting over how to repair it. Both Washington and Brussels fear that Chinese chips in Western electronics could be used for surveillance and intelligence gathering. Both have launched expensive public-funded […]

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Supply chain woes boost reshoring

April 6, 2023

Over the last several years, importing manufactured goods and materials has become costly and unpredictable. Kitchen and design professionals have reported high supply chain backlogs and increasing project costs. As a result, many are reporting project disruptions.  While every sector of construction has felt the materials strain, the cabinet industry has been one of the […]

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As the US government begins to dispense tens of billions of dollars to get microchip makers to relocate manufacturing to the US, hurdles remain, including an increasingly diversified global supply chain that no one country can dominate.

April 6, 2023

Over the past two years, microchip shortages highlighted America’s reliance on foreign suppliers, and spurred passage of the CHIPS Act, which earmarks tens of billions of dollars as incentives for chipmakers to build new fabrication plants in the US. But remaking well-established manufacturing supply chains — notably in Asia — is a Herculean task, and “companies […]

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New Norfolk business will focus on manufacturing health products

April 5, 2023

Business leaders and Gov. Glenn Youngkin reiterated their focus on reshoring health product capabilities Wednesday at the ribbon-cutting for a new Norfolk business. Michael Alkire has a passion to reshore manufacturing, he told the crowd of over 100 at the Princo facility. Alkire is the President and CEO of Premier LLC, and a graduate of […]

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Fragmenting Foreign Direct Investment Hits Emerging Economies Hardest

April 5, 2023

As geopolitical tensions rise, companies and policymakers are increasinglylooking at strategies to make supply chains more resilient by movingproduction home or to trusted countries. The US Treasury Secretaryargued in April 2022 that firms should move towards the friend-shoring of supplychains. More recently, the European Commissionproposed the Net Zero Industry Act to counter the subsidies in the US […]

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Water battle adds absurdity to US push for semiconductor ‘reshoring’ – Global Times

April 3, 2023

Illustration: Liu Xiangya/Global TimesTaiwan Semiconductor Manufacturing Company (TSMC)’s plan to increase investment to expand its chip-making plants in the US is facing a competition for water resource – a key element in semi manufacturing – with US chipmaker Intel in Arizona, one of the driest US states, leading American investors to take a bearish view […]

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U.S.-China tension is a C-suite hot topic

April 3, 2023

The growing animosity between the U.S. and China continues to be a hot topic in C-suites and board rooms. Many companies—in some cases, entire industries—have become heavily reliant on China for key components, while others have looked to a rapidly-growing Chinese market as an engine for growth.  With tensions rising, most Western companies now look to […]

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Reshoring, innovation, and investment in people help Brandauer claim two CBM Awards

April 2, 2023

One of the West Midlands’ best kept manufacturing secrets has capped a record-breaking year by securing two major industrial awards last night. Brandauer, which produces millions of high tolerance metal pressings/stampings every week for customers in 10 sectors and across 26 different countries, was named the Confederation of British Metalforming’s Company of the Year in […]

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Reshoring may trigger a long-term industrial boom

April 1, 2023

For the past 50 years, everyone has heard that U.S. manufacturing was doomed. The costs of doing business domestically, including employee salaries, were simply too high to compete. And foreign governments, ranging from Mexico to China, didn’t weigh down manufacturers with regulations. In the past decade or so, however, things have begun to change, and […]

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Friend-shoring global value chains: a model-based assessment

March 29, 2023

Prepared by Maria-Grazia Attinasi, Lukas Boeckelmann and Baptiste Meunier Published as part of the ECB Economic Bulletin, Issue 2/2023. In recent years, geopolitical considerations have started to play an increasing role in global trade relations. While criticism of globalisation pre-dated the coronavirus (COVID-19) pandemic, geopolitical tensions have strengthened, particularly in the face of the pandemic and […]

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