New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease […]
Reshoring News
Business is booming for manufacturing in North Carolina and South Carolina. Historically, the Carolinas have been effective in attracting manufacturing projects. During the last few years, this investment has been driven by a number of factors, including reshoring, foreign direct investment (FDI), emerging technologies, government incentives, the energy transition, consumer demand, and more. The first […]
The geopolitical landscape is constantly shifting and with every movement, the world feels the tensions as countries balance their actions and reactions to mitigate the risks and/or take advantage of opportunities. Factors such as international crises, environmental and climate stress, economic conditions or changing alliances can trigger geopolitical shifts and the resulting dynamics, risk resilience […]
IPEF partner countries and businesses need more from the fledgling agreement — it’s time they raise their voices. International trade is at a crossroads. The United States, long a bastion of free trade and international cooperation, finds itself grappling with new priorities. The imperative to rejuvenate domestic industries, coupled with a shift toward the Indo-Pacific […]
It’s not just people that are migrating to Texas. Companies are too, with many of them filling the industrial spaces in Fort Worth. Reshoring, the growth of the electric vehicle supply chain and new, more automated distribution centers are fueling the growth, according to local real estate leaders. Get to know your community better with […]
A slow U.S. economy and high interest rates have taken a toll on robot orders in North American, resulting in a decline for the second quarter in a row after record purchases in 2021 and 2022. According to the latest report from the Association for Advancing Automation (A3), companies ordered 7,697 robots valued at $457 […]
Issue 44 – Second Quarter 2023The economy has held up better through the first half of 2023 than quite literally anyone predicted. While a recession seemed like a near certainty at the start of the year, the possibility of a soft landing is now firmly in play. Despite the improved outlook, however, several risk factors […]
For Justin Kosmides, founder and CEO of e-bike manufacturer Vela Bikes, one of the triggers to reshore was news that his factory in China had canceled Vela’s order in favor of a two-year deal to build bikes for a major U.S. retailer. Other woes of manufacturing in China included the COVID-19 lockdown, shipping delays, tariffs, […]
Chris’ note: As globalization breaks down, manufacturing jobs are “reshoring” and coming back to America. It’s a theme we call America Reborn. Because it will kick off an economic renaissance that few see coming. And today you’ll hear from Brad Thomas on a way to play it. If you don’t already know him, Brad is […]
Reports of China losing its position as the world’s manufacturer, as shippers look to source elsewhere, have been “greatly exaggerated”, according to the director of the Global Shippers Forum, James Hookham.He told The Loadstar the concept of reshoring was “being overplayed” in the media and, while there was “some movement”, it was marginal and driven […]
