As CIA Director William Burns asserted in a speech earlier this summer, we are living through a rare “plastic moment” in history, one which is fundamentally remaking assumptions and arrangements that have been settled for decades. A new global economic order is emerging in the aftermath of the pandemic, powered by profound geo-political tensions, transnational […]
Reshoring News
To prevent disruptions, firms switched from a just-in-time to a just-in-case approach, which means more warehouse space. The industrial sector’s recent boom is set to temper in 2024 and 2025, with the initiation of new projects plummeting in 2023 to just 204.3 million square feet, down from 614.1 million the previous year. According to the […]
The US Department of Defense (DoD) made two announcements in the last couple of weeks that together amount to about $270 million in public spending on the US production base, funds that are intended to build up the country’s advanced manufacturing capabilities, in particular. The first announcement, made on September 20 and involving funds from […]
Bulletin report Gov. Michelle Lujan Grisham and Hota Industrial Manufacturing Chairman David Shen announced a final agreement Sept. 20 to expand business for the major auto parts supplier into Santa Teresa, New Mexico. Taiwan-based Hota Industrial Manufacturing, a producer of automotive gears for North American and European clients, including Tesla, signed an agreement for a […]
Generative artificial intelligence (AI) in the form of natural-language processing technology has taken the world by storm, with organizations large and small rushing to pilot it in a bid to automate tasks and increase production. Tech giants Google, Microsoft, and Amazon are all offering cloud-based genAI technologies or baking them into their business apps for […]
With the arrival of September, football season and just three months to go before 2023’s books close, football fans are wondering which college teams in the reshuffling conferences will make it to the top 10, and recession watchers, looking at tea leaves and listening to Fed-speak, are trying to determine when and if the long-expected […]
Key Data Points from Industry Indices What are the ISM Purchasing Managers’ Index insights for 2023? The Institute for Supply Management’s (ISM) Purchasing Managers’ Index (PMI) has been a beacon for understanding 2023 US manufacturing developments. Throughout the year, the PMI has shown fluctuations, reflecting the industry’s dynamic nature. By August, the PMI rose to […]
One of the current escalating issues between the two major powers, China and the US, is the global semiconductor race. It has caused divisions within global supply chains, such as the increased reshoring of manufacturing processes. As a result, countries globally are making readjustments and competing for a more significant role in this growing technology […]
COLUMBUS– Across the nation, Manufacturing Day is Friday Oct. 6. In Ohio, Gov. Mike DeWine has designated October as Manufacturing Month. From Cleveland to Cincinnati, from Marietta to Montpelier, our state’s No. 1 industry is preparing to inspire the next generation to make their careers in manufacturing. Ohio today finds its storied manufacturing sector more […]
Leading global financial institute Morgan Stanley believes the US metals and mining industry has reached an inflection point with the country desperately needing to increase its critical minerals output while managing its environmental, social and governance (ESG) commitments at the same time. In a recent webinar, Morgan Stanley’s Wall Street analyst Carlos De Alba noted […]
