The demand for industrial real estate remains high throughout the Minneapolis-St. Paul market. So why does it feel like the industrial sector here is going through a slowdown? Could it be that people got a bit spoiled during the industrial boom years of 2020 and 2021? We spoke about the Twin Cities industrial market with […]
Reshoring News
Remnants of a COVID-disrupted supply chain, economic choppiness, and pressure to lower prices have backed manufacturing companies up against a wall, and forced them to reconsider their approach to offshoring production. Reshoring — moving manufacturing back to the countries where the goods are sold —is currently being embraced by 69% of manufacturers, according to research […]
It’s forecast season, and the IW manufacturing community dropped in to IndustryWeek.com to see what manufacturers GM and Nucor expect from 2024. Russian hacking efforts and a discussion about supply chain disruption also captured audience members’ attention. The Top 10 most consumed content over the past seven days are: Which Regions Are Most at Risk […]
In the aftermath of COVID-induced challenges, global industries are confronting a fresh wave of disruptions, particularly in shipping routes affected by geopolitical conflicts. Executives face new challenges as deliberate attempts to block the flow of goods unfold. Large-scale redirection in shipping is impacting dozens of countries in Europe, North America and Asia, as Houthi fighters […]
Presenting her sixth budget in the Lok Sabha, Finance Minister Nirmala Sitharaman on Thursday said that global affairs are becoming more complex, globalisation is being redefined with reshoring, disruption and fragementation of supply chains and competition for critical minerals and technologies. “A new world order is emerging,” she said. Talking about India’s G20 Presidency, she […]
NexWafe GmbH (NexWafe) has established a U.S. subsidiary to evaluate the development of multi-gigawatt-scale solar wafer production in the U.S. with an initial target production volume of six gigawatts (GW). The North American operation will leverage NexWafe’s EpiNex™ production technologyfrom the company’s 250 megawatt (MW) first commercial facility, which is under construction in Bitterfeld, Germany. As part […]
Re-shoring is picking up steam, according to a recent survey of manufacturing executives. Both the … [+] severe supply chain disruptions during the Covid pandemic and the effects of more recent geopolitical turmoil have contributed.getty The supply chain disruptions and product shortages of the pandemic era have been supplanted by other big news. But the […]
A precision component specialist has posted a 10% increase in sales after making the most of a reshoring boom. Advanced Chemical Etching (ACE), which supplies parts to aerospace, automotive, electronics, general engineering, medical and telecoms, has secured £800,000 of new orders from companies looking to tap into exacting quality and new product development expertise. The […]
New research reveals that 25 percent of global trade will relocate within three years amid economic and geopolitical instability. The geographic distribution of global suppliers will fundamentally shift from being mostly global to mostly local by 2026. A nationwide study of CEOs in 2022 found that 58 percent are considering reshoring. Forty-one percent estimate the […]
By reshoring plastic injection moulding to the UK, Dudley Associates wants to lead the way in quality, efficiency and sustainability, This move promises enhanced quality control, reduced lead times, environmental benefits, IP protection and more, revitalizing the local economy and manufacturing innovation. In recent decades, the global manufacturing landscape has witnessed a significant shift towards […]
