By 2030, it is predicted that over 85 million positions will be unfilled across the globe, hampering economic growth and presenting an opportunity for businesses to introduce more automation. Here, Tom Cash, a director of industrial parts supplier, Foxmere, identifies three major trends that are likely to shape the demand for automation over the next […]
Reshoring News
The Biden administration’s aggressive quest to reshore the chip supply chain has emerged as a long-term strategic priority for the United States, driven by concerns over national security and a desire to reduce dependency on foreign sources. The intricate interdependencies within the semiconductor ecosystem, coupled with the pivotal role these chips play across diverse industries, […]
The Tema ETF Trust Tema American Reshoring ETF RSHO was consolidating Monday after surging 2.34% on Friday. The move higher came after President Joe Biden proposed fresh regulations aimed at boosting the production of electric vehicle batteries and their components in the United States. The new rules may motivate U.S.-based EV automakers to change their […]
Nvidia’s CEO, Jensen Huang, a visionary in the semiconductor industry, offers a sobering perspective. He asserts that achieving supply chain independence for chip manufacturing in the US is a complex journey, spanning possibly a decade or two. This timeline casts a shadow over the ambitious goal of reshoring the chipmaking industry, a key priority for […]
President Biden has fought hard to protect America’s global leadership in biotechnology. Most recently, he announced a $500 million investment, authorized under the CHIPS and Science Act, to spur innovation in more than 30 new “tech hubs” across the nation. And late last year, he launched the National Biotechnology and Biomanufacturing Initiative, which aims to […]
BRUSSELS/BERLIN, Nov 29 (Reuters) – More than 400 companies involved in Europe’s solar power sector urged policymakers on Wednesday not to launch a trade investigation that could lead to EU tariffs on imported solar products. The call comes ahead of a meeting of solar industry chiefs, national ministers and the EU commissioner for the internal […]
Economic security – an idea that encompasses a broad set of interconnected elements including supply chain resilience, research integrity, and industrial competitiveness – has become a defining issue for European policymakers. External threats such as another global pandemic, violence spreading across regions like eastern Europe and the Middle East, an ever more powerful China and […]
Yesterday, I posted about the over $6 billion in new funding for US advanced manufacturing related to batteries and semiconductor packaging announced by the Biden administration to be awarded in 2024. Meanwhile, the day before I wrote the post, on November 27, 2023, the administration had already announced a litany of other related plans for […]
The Secure Tomorrow Series is a strategic foresight capability focused on anticipating future risk drivers, critical uncertainties, and trends—such as aging infrastructure, global pandemics, and emerging technologies— to help enhanced organizational resiliency to be robust against future uncertainties. The second installment of the toolkit was made available this month. The OODA team has participated in […]
Resilience in supply chains remains vital but may prove too expensive for many firms. Companies may rely on technology investments and organizational upgrades rather than conservative inventory strategies or diversification of sourcing, according to a new S&P Global Market Intelligence report. The newly published 2024 Supply Chain Outlook: Delivering resilience in adversity is part of […]
