Globalization is a concept humanity has lived with for more than 2,000 years, and helped propel forward trade and industry in the last 200 years. But a combination of factors — from global pandemics to supply shocks brought about by conflict — are threatening to unwind millennia of development. According to Bank of America, the number […]
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Dive Brief: Dive Insight: “These offsetting subsidies create no new productive economic activity, they simply pad the profits of big, politically connected firms,” Michel said. “Congress might as well have lit a trillion dollars of taxpayer money on fire.” Michel advocated for Congress to repeal the tax subsidies included in the IRA and the CHIPS […]
The U.S. is witnessing a manufacturing renaissance, with companies building new facilities at a record pace not seen in decades. Spending on new manufacturing construction rose to an annual rate of $114.7 billion in 2022, a staggering 40% increase year-over-year, and a 62% increase over the past five years, according to the U.S. Census Bureau. […]
Economists and businesses have been paying closer attention to the continued disruptions of Global Value Chains (GVCs) over the last three or four years. GVCs have been a fundamental aspect of the global economy for several decades, allowing countries to specialize in different stages of production, thereby increasing efficiency and reducing costs. GVCs have enabled […]
Illustration: Chen Xia/GTSouth Korea’s exports to the US surpassed those to China in the first five months of 2024, according to South Korea’s official data. If the trend continues, the US could become the top export destination for South Korea for the first time in 22 years, the Yonhap News Agency claimed on Monday. According […]
By Paul Rhodes FOLLOW In his new book, How the World Ran Out of Everything, global economics correspondent for the New York Times, Peter S. Goodman investigated the worldwide shortages during COVID-19 and determined that the root causes started well before the pandemic. More resilience is needed in the global supply chain to prevent similar […]
The chief issue with LIB production is not supply shortages; rather, global production capacity vastly outmatches demand. As the United States intensifies its initiatives to bring back the LIB supply chain within its borders, it is becoming apparent that demand shortages may pose significant challenges for nations aiming to develop their homegrown industry. According to […]
In the world of 3D printing, innovation is a constant. However, the industry faces a complex landscape marked by opportunities and challenges. In 2023, the global 3D printing market totaled $14.7 billion and is expected to intensify in 2024 and beyond, according to Additive Manufacturing Research. Yet, this expansion comes amid supply chain disruptions, fluctuating […]
Editor’s Note: We’ve written in these pages before about the oncoming manufacturing boom in America… As artificial intelligence and robotics grow more advanced, we’ll see the resolution of a lot of the issues plaguing the manufacturing industry. Automation will take over the menial – and often dangerous – tasks that human workers won’t or can’t […]
TEMPO.CO, Jakarta – Indonesia’s Ministry of Maritime Affairs and Fisheries stated that the quota-based measured fishing policy is applied to better capture fisheries and create a balance between the economy and ecology of the marine and fisheries sectors. Tb. Haeru Rahayu, the ministry’s Acting Director General of Capture Fisheries, said on Saturday that the quota is […]
