The past few years have proven a turning point for free trade zones (FTZs). More policy-makers around the world have recognised the benefits and are launching their first FTZ programmes. New initiatives are also being rolled out by international organisations, such as the Unctad-led Global Alliance of Special Economic Zones, which aims to advance a […]
Reshoring News
Dover announced that it has agreed to sell its De-Sta-Co (DESTACO) business, which is part of Dover’s Engineered Products segment, to Stabilus SE for $680 million enterprise value, subject to customary post-closing adjustments. DESTACO designs, manufactures and markets workholding and automation components for industrial automation applications. The company generated $213 million in revenue in 2022. DESTACO was acquired […]
Researchers at Arizona’s public universities are working with the state mine inspector and the mining community to discover novel ways to use leftover waste rock from copper mining, the Arizona Board of Regents (ABOR) recently announced. A $3.6 million grant awarded by ABOR is allowing researchers to pursue the project. The grant, known as the […]
Making the cash flow Some investments and acquisitions by SMEs and mid-market businesses have been paused for around a year now since the mini-budget of the brief Liz Truss-Kwasi Kwarteng government. That, and the Covid pandemic precipitated spiralling inflation. But last month’s pause in interest rate rises by the Bank of England was a welcome […]
William A. Levinson Valuable American manufacturing jobs were sent offshore under the dysfunctional belief that low-wage labor would result in lower product costs and higher profits. Although it may seem counterintuitive, manufacturers do better with high-wage workers who will acquire skills, follow work standards, and take initiative to improve business performance. Recognition of this will […]
Media and policymakers alike are focused on the location and investment decisions of large companies. However, the revolution is not just about big companies like Intel or Siemens–it’s also about thousands of small and medium-sized enterprises that supply goods and services to the government or major firms receiving government contracts or subsidies. This is the […]
As Chinese manufacturing slows and the war in Ukraine continues, more U.S. companies are shifting their offshore operations back to reshoring or near-shoring activities. Closer, faster, and more streamlined are the big themes for the U.S. manufacturing industry as reshoring and foreign direct investment (FDI) accelerate domestically. According to the Reshoring Initiative, producing in or […]
The US must not let Taiwan fall into the hands of China if it wants to deter Beijing, US political scientist John Mearsheimer said in an interview with the Australian on Friday. Mearsheimer was asked whether the US would “lose interest” in Taiwan if it were to “reshore” the nation’s semiconductor production to the US. […]
By Redd Brown Oct 7, 2023 (Bloomberg) –When Sterling Infrastructure Inc. Chief Executive Officer Joe Cutillo first started telling Wall Street that factories would return to the US, everybody thought he was crazy. “The first fifteen years of my career were more about consolidation. Moving manufacturing to Mexico or Asia or to Eastern Europe,” Cutillo said […]
Last updated on October 9th, 2023 at 11:34 pm Leaders from some of southeastern Wisconsin’s best-known manufacturing companies were on hand Thursday to share strategies and insights with attendees at BizTimes Milwaukee’s annual manufacturing summit. Tracy Pearson, president and CEO of Perlick Corp.; Terry Tuttle, president of HellermannTyton North America; George Baumann, president and CEO […]
