Supply chains continue to become more responsive, and providers are developing more solutions than ever, Andy Moses, senior vice president of sales and solutions for Penske Logistics, said during a webinar presentation ahead of the formal release of the 2023 State of Logistics Report last week. “Logistics is largely a solutions-based discipline,” Moses said. “It’s […]
Reshoring News
Three major rail operators have struck a deal that will see a new freight corridor link Mexico, Texas and the US south east, as near-shoring drives capacity demand. The agreement will see newly merged Canadian Pacific Kansas City Southern (CPKC) and CSX acquire and operate portions of Genesee & Wyoming-owned Meridian & Bigbee Railroad (MNBR) […]
NEW YORK, June 30, 2023 (GLOBE NEWSWIRE) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today welcomed the inclusion of polymetallic nodules in a report requested by the House Armed Services Committee to the Assistant Secretary of Defense […]
2023 Halftime Logistics Report: Soft freight conditions continue, presenting a period of opportunity
Expectations for a second-half 2023 rebound for volume and pricing in the logistics and shipping industry have been thwarted by slower-than-anticipated demand and global trade developments. Meaningful recovery in freight conditions won’t likely manifest until at least the first half of 2024. Industry players and investors cannot sit still in the meantime. Ocean carriers have […]
Since the COVID-19 pandemic, inflation, product shortages and supply chain disruptions have been a major source of concern for many industries, including the automotive industry. When you factor in geopolitical tensions and new technologies, it gets even more complicated. Amy Broglin-Peterson, adjunct faculty in MSU’s Department of Supply Chain Management, is also a supply chain […]
A group of manufacturers committed to promoting UK industry is urging the government to throw its weight behind a growing reshoring trend that has the potential to deliver millions of new opportunities. Bosses at the Manufacturing Assembly Network (MAN), a collective of seven sub-contract manufacturers and an engineering design agency, believe the country has a […]
With $20 billion in clean energy investments in the last 18 months, Michigan is positioned to lead U.S. battery and EV development. Building on 18 months of major announcements and wins, Michigan’s leadership in mobility and electrification was recognized in Area Development’s Annual Shovel Awards, with the state winning a Silver Shovel for its transformational […]
Electronics manufacturing is in danger. Nearly all of the world’s most advanced chips are produced in a single facility in Taiwan, and tensions with China pose an incredible threat to its existence. The Taiwan Semiconductor Manufacturing Company is the maker of these sophisticated chips. They produce GPUs for Nvidia and AI chips for Google, AMD, […]
In this report, Frost & Sullivan studies the above-the-neck PPE market in North America, covering products that users wear for protection against hazards that can cause injuries to the head, eyes, face, and ears. New York, June 27, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “North America Above-the-neck Personal Protective Equipment […]
RED BANK, NJ — The resurgence of manufacturing investment into the United States has the potential to strengthen economies at every level, with record capital investment and job creation being touted in many locations across the nation. Reshoring and FDI into the U.S. is reported to be at record levels, with Kearney’s 2022 Reshoring Index […]
