WASHINGTON, Jan. 11 (Xinhua) — The International Monetary Fund (IMF) on Thursday reiterated that the cost of fragmentation would be significant, noting that global Gross Domestic Product (GDP) could fall by 4.5 pct in extreme “de-risking” scenario. “We do see some initial signs of de-risking and fragmentation in the data that we’re looking at,” IMF […]
Reshoring News
Applications are open through June 30, 2024, for the 2024 National Metalworking Reshoring Award. It honors OEMs and contract manufacturers that have effectively reshored products, parts, or tooling made primarily by metal forming, fabricating, casting, machining, or additive manufacturing. The award is made possible by the Reshoring Initiative, the Precision Metalforming Association, AMT – The […]
Rising emissions and the depletion of natural resources are of increasing concern to industries worldwide, compounding the need for more sustainable production methods. Dr Andy West, Chief Chemist at Sonichem, discusses the potential of an ultrasonic fractionation process to convert by-products of forestry and agriculture operations into valuable biochemicals, reducing reliance on fossil fuels and […]
While firms today might be more worried about the possibility of inventory pile-ups than product scarcity, the age of port congestion, empty shelves and toilet paper shortages is not far behind us. Risks beyond the pandemic abound — political, economic, environmental, financial and more. “If 2023 was the year of ‘what’ in terms of what […]
Industrial policy. A leading element is the rise of national policies designed to support domestic industry and job creation. Policies such as the United States’ Inflation Reduction Act (IRA), with its “Buy American” incentives, reflect governments prioritizing national interests over multilateral, rules-based organizations, such as the World Trade Organization. Similar policies can be seen in […]
Following the Autumn Statement, many manufacturing businesses may breathe a sigh of relief as the Finance Minister announced that he was making permanent the tax incentives for businesses to invest that he introduced earlier in the year. New data sheds further light on the current business climate as UK manufacturers say it’s harder to do […]
U.S. manufacturers say it’s harder to do business now than during the pandemic, with 78% of manufacturers saying the past six months have presented significant challenges, citing interest rate increases (28%), increasingly complex global supply chains (28%), weak consumer demand (25%) and pressure from consumers on price (25%). As a result of challenging economic conditions, […]
Despite vociferous disagreement on most other issues, politicians in both major parties appear poised to continue the United States’ campaign to redirect manufacturing out of China – a sweeping change that even in its early stages has already done much to reshape the global economy. Robert Lighthizer, the US Trade Representative during the Donald Trump […]
New research says that Apple’s suppliers including iPhone manufacturer Foxconn have invested $16 billion since 2018, in an increasing plan to move or reshore manufacturing away from over-reliance on China. Foxconn is one of many Apple suppliers working to move away from China Apple and most or all technology firms that have previously been entirely […]
NEW YORK, Jan. 3, 2024 /PRNewswire/ — US manufacturers say it’s harder to do business now than during the pandemic, with 78% of manufacturers saying the past six months have presented significant challenges, citing interest rate increases (28%), increasingly complex global supply chains (28%), weak consumer demand (25%), and pressure from consumers on price (25%). […]
