The White House is taking full credit for the economy this week ahead of a major speech by President Joe Biden to tout “Bidenomics.” The speech on Wednesday in Chicago, which is timed to coincide with a 2024 campaign fundraising trip, comes as the administration tries to deal with an apparent disconnect between public perceptions […]
Reshoring News
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. American manufacturing is on the cutting edge of technology, leading the United States into a […]
Year-to-date, market indices have rallied significantly, led by the magnificent seven. As of this writing, the Nasdaq 100 is up 36%, whereas the S&P 500 is up 13%. Despite the rally in the indices, not all stocks have participated. 2022’s winning sectors have been laggards and are reasonable hunting grounds for bargain stocks for 2023. In the first half, market […]
Last week we discussed US manufacturing being in a phase called Industry 4.0, continuing an evolutionary process that is now around 260 years in the making. From the spinning jenny and steam engine, we now have artificial intelligence (AI) and the industrial internet of things (IIoT). By the way, last week we also predicted that […]
HANOI/SEOUL, June 23 (Reuters) – South Korea and Vietnam agreed on Friday to boost security cooperation, citing North Korea’s nuclear threat, and committed to increasing bilateral trade and investment despite a slump this year and Vietnam’s planned tax hikes on large firms. In his first visit to Vietnam as president, South Korean leader Yoon Suk […]
In India, newly crowned the world’s most populous nation, large domestic investment in infrastructure is bolstering manufacturing and attracting foreign investment. Samsung already has operations in India and continues to invest. Taiwan-based Foxconn Electronics, an Apple supplier, is planning a US$200 million facility for producing AirPods in India, marking a big vote of confidence in the country’s […]
WASHINGTON – U.S. Senators Chris Coons (D-Del.), Bob Menendez (D-N.J.), Todd Young (R-Ind.), Tim Kaine (D-Va.), and Bill Hagerty (R-Tenn.) introduced a resolution today calling for greater support for nearshoring and reshoring initiatives to relocate global supply chains to the United States and partner countries in the Western Hemisphere. “Strengthening economic ties between the United States […]
Reshoring, Near-Shoring, and Supply Chain Optimization: Impacts on Workforce and the Need for Talent
The global landscape of manufacturing and supply chains has undergone significant transformations in recent years. Factors such as rising labor costs, geopolitical uncertainties, and disruptions caused by the COVID-19 pandemic have led to a re-evaluation of supply chain strategies. Reshoring and near-shoring initiatives, coupled with the adoption of supply chain optimization practices – such as […]
This is the strangest economy – like nothing we have ever seen before. America • Inflation is up, but so are the jobs numbers. We added 339,000 jobs to the American economy in May. But many companies, especially in high tech, are laying off people. • We are officially in a bull market. • Unemployment […]
The 2023 State of Logistics Report was unveiled at the Indianapolis Motor Speedway today, with the 34th annual publication finding that U.S. supply chains responded to the global volatility from the past two years by transforming supply chain networks to improve resilience against future disruption. Produced annually for the Council of Supply Chain Management Professionals (CSCMP) by global […]
