Trouble was brewing before the pandemic, according to Anthony Sardella, a senior research adviser at the Center for Analytics and Business Insights and adjunct lecturer at Olin Business School. For years, the U.S. had become increasingly reliant on foreign manufacturers for chemicals and active pharmaceutical ingredients used in critical drugs like antibiotics, blood pressure pills, […]
Reshoring News
Top 10 marine security companies Marine security companies offer sea freight firms protection against extreme weather, pirates, terrorists, cyber criminals and even health issues. US reshoring is supply chain success – Kearney report Kearney Annual Reshoring Index shows that up to 96% of US CEOs are committed to reshoring as a supply chain resilience strategy. […]
The two winning Freeport bids in Wales are expected to create 20,000 jobs across a wide range of businesses, according to Knight Frank. The Celtic Freeport in Milford Haven and Port Talbot and Anglesey Freeport on Ynys Mon were the successful bidders announced last month. The new sites are set to attract an estimated £5bn […]
A study released by global consulting firm Kearney finds that reshoring initiatives have been so successful that companies yet to adopt the approach are scrambling to find facilities in Mexico and the United States. Kearney’s tenth Annual Reshoring Index Report also shows that the road to reshoring is harder than many companies expect, and requires […]
The European Solar Manufacturing Council (ESMC) has called on the European Union member states to allocate financial support from REPowerEU grants to support solar PV manufacturing. The ESMC calls on EU member states to seize the opportunity to bolster the creation of competitive domestic solar PV manufacturing plants while boosting their economies through REPowerEU grants. […]
DETROIT — Changes in technology are spurring manufacturing to expand in the U.S., speakers said this week at a trade show. “A lot of companies are investing more in the U.S.,” Raj Batra, president of Siemens Digital Industries USA, said in an address at Manufacturing in America 23, held at Ford Field in Detroit. “A […]
Kearney’s 10th Annual Reshoring Report finds a potent mix of shifting consumer sentiment, increased scrutiny on ESG stances and labor policies, government incentives, and improvements in automation have aligned to make reshoring and nearshoring powerful commercial realities that are changing the face of international trade. CHICAGO, April 13, 2023 /PRNewswire/ — Reshoring, and nearshoring, have […]
While Mexico’s economy stands to gain even if only a fraction of the U.S. manufacturing base heads south of the border, there are significant impediments that could prevent it from reaping any major rewards. The three key obstacles include inadequate infrastructure, such as supply of water and energy, security-related concerns and competition from other countries, […]
What happened Shares of Chart Industries (NYSE: GTLS) were rising on Wednesday, up 12% on the day as of 1:08 p.m. ET. On March 17, cryogenic tank and gas-handling storage specialist Chart Industries completed the $4.4 billion acquisition of U.K.-based Howden, which makes industrial gas handling equipment, such as compressors, heat exchangers, steam turbines, and […]
Click here to read the full article. A newly reintroduced bill aims to incentivize U.S. companies to bring production stateside—using funding from punitive tariffs on China-made goods. Congressman Mark Green’s (R-Tenn.) Bring American Companies Home Act proposes using Section 301 tariff revenue to provide tax incentives to companies that shift manufacturing from China to U.S. […]
