Supply chain resiliency could prove to be too expensive for some firms in 2024, according to a new study. In a report published by S&P Market Intelligence November 14, entitled “2024 Supply Chain Outlook: Delivering resilience in adversity,” analysts said they expect gross operating profit margins to fall by 10.4% in 2024 while capital expenditures […]
Reshoring News
French car maker Renault will not go ahead with an initial public offering of its electric vehicle unit Ampere, planned for next year, if the valuation is too low, Renault chief executive Luca de Meo said on Wednesday. “We are not crazy,” de Meo told reporters ahead of an investor presentation aimed at drumming up […]
Every American president in the globalized era has mismanaged the relationship with China. To his credit, President Biden has proven more adept than his predecessors at handling it, but he will have his hands full when he meets Xi Jinping today in San Francisco. Chinese leaders have been adroit at extracting economic concessions from the […]
Daniel A. Witt and Esther Sri Astuti S.A. Washington, DC/Jakarta ● Wed, November 15, President Joko “Jokowi” Widodo’s visit to Washington to meet United States President Joe Biden in connection with the Asia Pacific Economic Cooperation (APEC) Summit on Nov.14-16 is not merely an opportunity to celebrate progress in Indonesia-US relations before both […]
The European Union on Monday agreed a plan to secure its own supply of critical raw materials ranging from cobalt to lithium, as the bloc seeks to reduce its dependence on other countries for them. The Critical Raw Materials Act sets targets for the EU member states to mine 10 percent, process 40 percent, and […]
TORRANCE, CA— Source: $230M Series D Fuels Divergent’s Automated 3D Printing and Assembly Technology by by Michael Molitch-Hou Divergent Technologies, known for its comprehensive digital industrial production system, announced the successful completion of a $230 million Series D equity financing round. The financing was spearheaded by a substantial $100 million investment from Hexagon AB and saw participation from […]
President Biden is set to meet with Chinese President Xi Jinping this week courtesy of Gov. Gavin Newsom’s red-carpet rollout for the Communist leader. If his administration’s record is any indicator, Biden will focus more on flattering Xi than holding his regime accountable. His Cabinet has chased Chinese officials around the globe, only to bow, […]
Tivan has secured a commercial and strategic partnership with CSIRO to develop minerals processing technology for the recovery of vanadium. Tivan said the agreement will help to ‘reshore’ the technology into Australia. The agreement includes a Technology Licence Agreement that grants Tivan an exclusive 20-year, worldwide licence – except for India – for use of […]
The Organization Plans to Shift 2024 Priorities in Response to Demand CHICAGO, Nov. 14, 2023 /PRNewswire/ — The Steel Tube Institute (STI), an organization that brings together key producers in the steel industry to advance the use of steel tubing, announced a shift in the organization’s priorities for 2024 to reflect current trends in commercial construction. […]
Ever since the COVID-19 pandemic and Russia’s invasion of Ukraine, supply chain resiliency has become a top priority for every company. Consumer electronics manufacturers are no exception. Companies involved in creating the products and components that are critical to our everyday lives face an urgent need to make their supply chains less vulnerable to events […]
