Below is an excerpt from the podcast: IW: Karen, I really wanted to bring you on to talk about, from the manufacturing perspective in pharmaceuticals, the impact this is having on things other than jobs, like intellectual property and research and investment going on in the pharmaceutical world. KL: I think you have to kind […]
Reshoring News
Note to the U.S. healthcare industry: Heed the words of Spanish-American writer and philosopher George Santayana: “Those who cannot remember the past are condemned to repeat it.” Hard to believe, but it’s been more than four years since the World Health Organization (WHO) declared the COVID-19 pandemic an international public health emergency on Jan. 30, […]
The Reshoring Initiative’s 2023 report shows jobs continuing to flow into the United States from Asia as companies look to shorten supply chains and protect themselves against ongoing trade disputes. The figure fell in 2023 from 2022’s record but remains well elevated compared to pre-pandemic statistics. At IndustryWeek and other Endeavor Business Media publications, we’ve seen […]
Ivan Hernandez, managing director, Mexico, QIMA ·July 11, 2024 · The global supply chain is an ever-changing landscape, always looking to implement the most efficient and effective means to ensure products are sourced, manufactured and delivered as quickly and safely as possible. Many companies have relied on specific regions for sourcing and manufacturing over the […]
ISE Labs, Inc., a leading provider of semiconductor engineering services, today announced it is broadening customer access to its world-class capabilities with the opening of a second U.S. facility, located in San Jose, Calif. Together, the Fremont and San Jose sites will double ISE’s available R&D lab and business space, reinforcing the company’s commitment to […]
Mantle, an innovator in applying metal 3D-printing technology to the fabrication of precision tooling, reports that it has reached a significant milestone by securing $20 million in Series C funding. This raises the company’s total funding to more than $61.5 million and marks a crucial step toward widespread adoption of its precision metal manufacturing technology, […]
The Series C funding round will be critical in supporting Mantle’s rapid market expansion, scaling manufacturing to meet demand, and developing new capabilities and materials. Led by Schooner Capital, a Boston-based private investment firm, the round was also joined by the company’s largest existing investors, including Fine Structure Ventures, Foundation Capital, Corazon Capital, 11.2 Capital, […]
The Bank for International Settlements (BIS) is launching Project Insight to explore how to better monitor developments in global value chains (GVCs) by combining structured and unstructured granular data and applying big data analytics tools. The segmentation of global production and trade in the form of GVCs has long been accepted as common practice. However, […]
Reshoring is gaining momentum — a lot of it. Manufacturers are rapidly bringing production back to the United States from overseas or at least closer to home in a related move called nearshoring. Both reshoring and foreign direct investment have grown, from generating 11,000 new U.S.-based jobs per year in 2010 to more than 300,000 […]
Bringing production and sourcing back to the United States (onshoring/ reshoring) or to a country that’s in close proximity (nearshoring) have always been goals for companies that want to gain better control over their supply chains. And while labor rates and availability have long been drivers of offshoring, the pandemic shined a spotlight on the […]
