Manufacturers keeping an eye on the news may have begun weighing their reshoring options. Or, if not seriously considering making operational changes, at least anticipating the pain that a geopolitical spar with China could inflict. Our relations with the country that exported $435 billion in goods to America in 2020 have slid into tenuous territory. […]
Reshoring News
We have just posted the final episode of Season 2 of Modern Machine Shop’s podcast, Made in the USA. This season has been devoted to covering companies making choices to manufacture in the United States, and hearing both how and why they are doing so. Working on this season, and encountering companies’ various reasons for manufacturing […]
I spent a good deal of time at our recent PTXPO 2023 trade show (March 28-30) talking to exhibitors and attendees alike about business and technology trends. I asked machine builders serving mostly the injection molding market to try to account for the spike in sales most of them experienced in 2021 and for part of […]
Kim Doo-sikThe author is CEO of Tech & Trade Institute and a lawyer.The United States has gone all out to rebuild a chipmaking ecosystem on its home turf. The country aims to move beyond chip designing and strengthen the semiconductor manufacturing capacity it has relied on Taiwan, South Korea and others. The goal is to […]
It’s not often a regulatory body sets out to remake an entire industry, said the Los Angeles Times, but that’s just what the Environmental Protection Agency (EPA) plans to do with the automakers. A good thing too. Last week it proposed new emission rules that require manufacturers to electrify two-thirds of their passenger vehicles by 2032, […]
On April 28, 2023, a groundbreaking announcement was made by Governor Kathy Hochul, U.S. Senate Majority Leader Charles Schumer, Onondaga County Executive Ryan McMahon, and Micron CEO Sanjay Mehrotra. They revealed a public-private partnership with Micron Technology to construct a state-of-the-art semiconductor facility in Central New York. This project is set to become one of […]
EMCOR Group, Inc. EME reported impressive first-quarter 2022 results wherein earnings and revenues surpassed the Zacks Consensus Estimate and increased year over year. Strong demand for its services across several resilient non-residential market sectors and strength in the U.S. segments drove organic revenue growth by 10.1%. Following the results, shares of the company jumped 8.6% […]
The US defense industry is attempting to regear itself in preparation for potential large-scale military conflicts, waking up from a post-Cold War investment hiatus during which counterinsurgency missions topped the Pentagon’s agenda. Simmering tension in the Taiwan Strait and evolution in defense technology is also testing Washington’s ability to bolster supply chain resilience while reinforcing […]
An EU study claims that building more API facilities in Central and Eastern Europe could help solve drug shortages and weaknesses in the supply chain. The literature review suggests the Czech Republic, Poland, and Hungary as sites for new production locations in Europe given that their staff costs are lower than in Western Europe, but […]
State Rep. Todd Hunter’s Texas Jobs & Security Act (CSHB 5) will keep Texas competitive and bolster our state’s economic security by helping to reestablish our global manufacturing dominance, reshore our supply chain and ensure electric grid reliability. The limited, temporary property tax discounts included in the new economic development program that CSHB 5 creates […]
