New research from automation software company Medius reveals that 58 per cent of UK manufacturing firms are reshoring their supply chains, moving production from overseas to the countries where goods are sold. According to the survey, 90 per cent of businesses that have engaged in reshoring have had a positive experience, with 24 per cent […]
Reshoring News
Rockwell Automation, Inc. is one of the world’s largest companies that specialize in the manufacturing and marketing of automation and industrial infrastructure control systems. The products are primarily intended for the food processing, automotive, mining, oil, and gas industries. Net sales break down by family of products and services as follows: – automation and control […]
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, […]
Manufacturing CEOs say AI will play a significant role in their companies in the next one to two years. Manufacturing CEOs have a lot on their minds going into 2024. Top among them is expanding the use of digital technology, especially for artificial intelligence. Other top initiatives include product sustainability, and securing more local and […]
WASHINGTON (AP) – There’s been no shortage of tough news for China’s economy as some of the world’s biggest brands consider or take action to shift manufacturing to friendlier shores at a time of unease about security controls, protectionism and wobbly relations between Beijing and Washington. Count Adidas, Apple and Samsung among those looking elsewhere. […]
A surge in U.S. manufacturing. High interest rates that choked off deal activity. A clog in the development pipeline. These were all key trends in the 2023 U.S. industrial sector, according to CommercialEdge’s year-end National Industrial Report. A positive development last year? Manufacturers, aiming to avoid the supply-chain disruptions they saw in 2020 and 2021, […]
2023 reshoring + foreign direct investment (FDI) job announcements continued their record-breaking run. 1H2023 announcements were in line with 2022’s record rate. Q3 announcements have slowed some. We expect to see upwards of 300,000 jobs announced by year-end. EV battery and chip investments and other essential product industries supported by Bidenomics including solar, clean energy, […]
In War and Peace, Tolstoy famously observed that “Nobody was ready for the war which everyone expected.” I was reminded of this quote when reviewing many of the newsletters published this year. As readers know, this column refers again and again to the wicked challenges that cities and metropolitan areas face during this disruptive post-pandemic […]
For a garment as timeless as jeans, there’s a surprising amount of change and newness that both invigorates and challenges the industry. In 2023, denim mills advanced their biodegradable technologies and set out to verify their sustainability claims. They expanded their use of recycled fibers, while textile recyclers ran into roadblocks. Companies also explored reshoring […]
There were a lot of expectations from China at the beginning of 2023 as the world’s second largest economy had just lifted its Covid restrictions. Investors assumed China’s reopening would lead to a boom driven by revenge spending as we had seen in Western countries. However, this scenario never materialised. Economic data coming out of […]
