In the wake of the COVID-19 pandemic, the vulnerabilities of global supply chains have been laid bare. From shortages of essential medical supplies to disruptions in manufacturing and distribution networks, the crisis underscored the risks associated with relying too heavily on distant production centres. Consequently, there has been a palpable shift in sentiment among Western […]
Reshoring News
The call to the post for the US manufacturing renaissance happened earlier than most realize. While it’s true that recent stimulus efforts are bolstering reshoring efforts, legislation isn’t the entire reason for the revival. The growth of artificial intelligence (AI) and its role in automation, semiconductor chip foundry and data center construction, energy grid electrification, […]
We study the implications of trade uncertainty for reshoring, automation, and U.S. labor markets. Rising trade uncertainty creates incentive for firms to reduce exposures to foreign suppliers by moving production and distribution processes to domestic producers. However, we argue that reshoring does not necessarily bring jobs back to the home country or boost domestic wages, […]
The government has decided to consider providing subsidies or other forms of support to South Korean companies for repatriating earnings from overseas through “capital reshoring,” recognizing it as an investment returning to the domestic market. On May 7, the Ministry of Trade, Industry, and Energy (MOTIE) held a “Returning Company Support Policy Conference” chaired by […]
Discrete automation with motion systems and complementary forms of warehousing technologies remain core to reshoring and making supply chains more robust in the years since COVID-19. We recently asked several industry experts about trends they’re seeing in this space. Here’s what they had to say. Meet the Experts Brian Burke | Product manager III • […]
SEJONG, May 7 (Yonhap) — Industry Minister Ahn Duk-geun on Tuesday pledged to expand support for businesses reshoring from overseas. “Amid the challenging business environment, following inflation, high borrowing costs and foreign exchange market volatility, revitalizing investment, including reshoring, will bolster exports and employment,” Ahn said in a statement. “It is also crucial for stabilizing […]
Ulrike Holzgrabe believes China wouldn’t need an atomic bomb to deal a fatal blow to Europe. Just stopping its supplies of antibiotics would also do the trick, the professor for pharmaceutical and medicinal chemistry at Würzburg University in southern Germany told DW. Europe’s huge shortage of medical masks during the coronavirus pandemic has laid bare the continent’s […]
In this exclusive Q&A, we delve into the imperatives and strategies for reshoring critical medicines within the pharmaceutical industry alongside Kevin Webb, chief operating officer at the API Innovation Center. Webb’s expertise sheds light on the current trends and challenges in onshoring pharmaceutical manufacturing, setting the stage for the upcoming round table at CPHI North […]
Anything with an on-off switch needs a microchip to work. “It could be the light switch on the wall, could be your phone, certainly your computer, most of what’s now in your car,” said Kyle Squires, the dean of Arizona State University’s Ira A. Fulton Schools of Engineering. “Just think about every single thing you […]
By John Revill ZURICH (Reuters) – ABB is expanding its main US robot factory as its customers there in the automotive, packaging and machinery industries confront a tight labour market as they bring production back home. The Swiss engineering company, which competes with Japan’s FANUC and Germany’s Kuka, is spending $20 million boosting capacity at […]
