S&P 500 companies have ramped up their capital expenditures (CapEx) for the ninth straight quarter, following years of underinvestment, according to research from Bank of America. Key Takeaways Nonresidential fixed investment by S&P 500 companies—a proxy for capital expenditures—grew at a 7.7% seasonally-adjusted annual rate in the second quarter. Despite a slowdown from recent quarters, […]
Reshoring News
NORTH BETHESDA, Md., Aug. 01, 2023 (GLOBE NEWSWIRE) — More than two-thirds of medical industry professionals say they are in the process of reshoring or considering reshoring their operations in the next 12 months to ensure stability, according to Xometry’s annual Medical Device Manufacturing Report. Despite ongoing supply chain disruptions that are amplified by a […]
“And I wondered if hurdlers ever thought, you know, this would go faster if we just got rid of the hurdles.” ― John Green, The Fault in Our Stars In previous Talent Talk columns we explored what appears to be a coming renaissance in US manufacturing, driven by new technologies, reshoring, and government initiatives. We […]
Rexel still has a long way to go to reach its digital sales goal. It wants 50% of sales to come from digital commerce in four short years. But the company is coming up on nearly half of its digital sales goal. And in some regions, such as the U.S. and Canada, the distributor is […]
In the first half of 2023, the Nasdaq 100 rallied 39%, its strongest first half year rally since 1983 when it rose 37%. Similarly, the S&P 500 index rose 16% in the first half—although the median stock only advanced 5%, as market breadth has been relatively narrow and driven predominantly by mega cap tech names.1 […]
Florida Governor Ron DeSantis unveiled his “Declaration of Economic Independence” as part of his 2024 presidential campaign. DeSantis aims to bolster the U.S. economy by targeting China and promoting domestic manufacturing. Yahoo Finance Senior Columnist Rick Newman notes similarities between DeSantis’ economic agenda and President Joe Biden’s policies, as both candidates focus on addressing China. […]
Growing frictions between the world’s two largest economies are reshaping trade, finance, and technology, leading in many ways to regression on the advancements brought by globalization in the preceding decades. In my previous op-ed, I discussed how the partial divorce of this “marriage made in heaven” by China and the US has started to restructure […]
Soap and fragrance retailer Bath & Body Works has shifted the international supply chain it needed to make its most of its products to a single campus in Ohio. Originally the pump for a bottle of hand soap came from China, the bottle itself from Canada, the label from New Jersey and the soap itself […]
Proponents of the ongoing push for national industrial policy, whether they come from the left or the right, frequently argue that we need to promote certain sectors or technologies to create a manufacturing boom. This boom, we’re told, is necessary to create more high-paying jobs. But I beg to differ. Industrial policy isn’t and shouldn’t […]
Sika has increased production capacities for macro fibres at its plant in Chattanooga, Tennessee, thus extending a product line of strategic importance for its Region Americas. With this innovative fibre technology, Sika says it is further strengthening its position as the leading single-source supplier to the mining industry and a strong partner for sustainable construction […]
