The largest climate investment in US history has dramatically reshaped the EV landscape. One year ago, President Biden signed the Inflation Reduction Act (IRA) into law, which set aside roughly $400 billion in federal funding for clean energy. Since then, carmakers and suppliers have announced more than $62 billion in investments in EVs, according to […]
Reshoring News
While much of it takes place behind the closed doors of corporate labs, electronics 3D printing is quietly revolutionizing the way goods are manufactured in the U.S. and abroad. And, thanks to the CHIPS Program, it is receiving a federal boost that will see new ways of making electronics take place at an increasingly domestic […]
More than half of manufacturers in the UK feel they don’t have the right skills to take advantage of the growing reshoring trend, according to the In-Comm Training Barometer. 53% of companies said they would need to invest in boosting the skills of the workforce if they are to bring work home, with just over […]
I’m not a Brexiteer. My two feet are planted firmly in the Remain camp, as the business case for staying in supported a much healthier alternative for our company, Brandauer, one of the UK’s leading independent precision stampers. However, I’m not a politician. I’m a UK manufacturer and we have achieved great things by making […]
Illustration: Chen Xia/Global TimesAs the US Department of Commerce on Wednesday issued a statement to celebrate the first anniversary of the so-called CHIPS and Science Act, which was signed into law by US President Joe Biden, financial network CNBC reported that semiconductor manufacturers in the US are still waiting for the subsidies the act promised. […]
Despite a global rush of major companies reshoring, South Korea uniquely trails its competitors in encouraging businesses to return, with the growth in returning companies remaining slow. Despite recent government efforts to encourage reshoring, assessments indicate that it is still insufficient. According to industry sources on Aug. 8, since the government began encouraging the return […]
Millions of small business owners are struggling to keep their firms afloat due to an absence of sustainable income growth prospects, among them a Shenzhen-based housewares exporter surnamed Luo. “I’m pulling out my own savings to run my company now, and with it I can still pay for the employee salaries,” Luo said. Advertisement “But […]
Welcome to Thomas Insights — every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in industry. Sign up here to get the day’s top stories delivered straight to your inbox. Welcome to Thomas Top Five, where we highlight our most popular recent stories. 1. World’s Largest […]
For the past three decades (and in some ways stretching back up to five decades), the U.S. has been in a relative industrial decline. More specifically, the share of the U.S. economy that has been involved with manufacturing and related physical industry has declined, and the share of total global manufacturing held by the U.S. […]
The wave of companies looking to reshore and nearshore manufacturing operations shows no sign of abating. What is the state of reshoring right now? What should your company consider when approaching reshoring? Business Facilities’ Editorial Director Anne Cosgrove recently spoke with Rosemary Coates to discuss the current state of global manufacturing, possibilities for reshoring and […]
