The reshoring trend is bringing manufacturing back into the U.S., putting the need for robots and automation at the forefront of the building boom. Pandemic-era supply chain constraints as well as rising offshore wages and transportation costs have contributed to the shift. Geopolitical risk factors also are at play. A recent research note from UBS […]
Reshoring News
President Obama tried to revitalize American manufacturing, with little to show for it. President Trump tried too, with similarly unimpressive results. Under President Biden, however, a manufacturing boom finally seems to be getting started. Since the beginning of 2022, construction spending on new factories has more than doubled, from an annualized rate of $91 billion […]
Reshoring and foreign direct investment (FDI) created more than 364,000 new U.S. manufacturing jobs in 2022, a 53 percent increase from the 2021. A surge in manufacturing projects for EV batteries and semiconductor chips—combined with the continuing trend of reshoring across a broad range of industries—helped to propel current and future manufacturing jobs to a […]
06.14.23 Cassidy, Baldwin Introduce Bill to Stop China from Taking Advantage of Lax U.S. Trade Laws WASHINGTON – U.S. Senators Bill Cassidy, M.D. (R-LA) and Tammy Baldwin (D-WI) today introduced the De Minimis Reciprocity Act of 2023 to stop Communist China and other countries from abusing U.S. trade laws that allow small dollar imports into the U.S. duty free. […]
Workers assemble cars at Ford’s assembly plant in Chicago.Jim Young/AFP via Getty Images The survey of top executives by Forbes, Xometry and Zogby also shows a preference for Biden’s manufacturing policies among 2024 presidential candidates. Nine out of 10 manufacturers intend to hike prices in the second half of this year, according to a new […]
Cdn. compound fertilizer mfg. facility to supply domestic and foreign markets MAITLAND — Vanguard Crop Nutrition Inc. (VCN Canada) has begun construction on a compound fertilizer manufacturing facility in Maitland, Ontario. “There is no better time than now to build and safeguard Canada’s manufacturing and supply of next-generation crop nutrition solutions,” said Ryan Brophy, VCN […]
With the federal government incentivizing the expansion of domestic electric-vehicle battery manufacturing, a new Cornell study examines the long-term energy and sustainability prospects of U.S. production, and highlights policy approaches for building a more resilient battery supply chain. EV batteries are mostly manufactured overseas, and many policy makers want to move more production to the […]
By Yi Whan-woo Hyundai Motor Group, Samsung Electronics and other Korean conglomerates’ moves to bring back massive earnings from abroad are drawing speculation over whether the government can capitalize on such moves to justify and sustain its embattled belt-tightening policy. The policy is aimed at reducing the tax burden for businesses, which in turn can […]
Eighty years ago, the US commercialized antibiotic manufacturing. One estimate is that in the US alone, antibiotics save 200,000 lives annually and add 5-10 years to average life expectancy. Until the early 2000s, the US lead global production. Now virtually all US antibiotic APIs (Active Pharmaceutical Ingredient) are imported, most from China. One small US […]
By Kim Hyun-bin Hyundai Motor Group plans to draw $5.9 billion in reserve funds from its overseas subsidiaries to invest in the conversion of production facilities for electric vehicles (EVs) in Korea, according to company officials Monday. Known as “capital reshoring,” the move involves converting overseas income previously intended for foreign investment into domestic investment. […]
