As geopolitical tensions rise, companies and policymakers are increasinglylooking at strategies to make supply chains more resilient by movingproduction home or to trusted countries. The US Treasury Secretaryargued in April 2022 that firms should move towards the friend-shoring of supplychains. More recently, the European Commissionproposed the Net Zero Industry Act to counter the subsidies in the US […]
Reshoring News
Illustration: Liu Xiangya/Global TimesTaiwan Semiconductor Manufacturing Company (TSMC)’s plan to increase investment to expand its chip-making plants in the US is facing a competition for water resource – a key element in semi manufacturing – with US chipmaker Intel in Arizona, one of the driest US states, leading American investors to take a bearish view […]
The growing animosity between the U.S. and China continues to be a hot topic in C-suites and board rooms. Many companies—in some cases, entire industries—have become heavily reliant on China for key components, while others have looked to a rapidly-growing Chinese market as an engine for growth. With tensions rising, most Western companies now look to […]
One of the West Midlands’ best kept manufacturing secrets has capped a record-breaking year by securing two major industrial awards last night. Brandauer, which produces millions of high tolerance metal pressings/stampings every week for customers in 10 sectors and across 26 different countries, was named the Confederation of British Metalforming’s Company of the Year in […]
For the past 50 years, everyone has heard that U.S. manufacturing was doomed. The costs of doing business domestically, including employee salaries, were simply too high to compete. And foreign governments, ranging from Mexico to China, didn’t weigh down manufacturers with regulations. In the past decade or so, however, things have begun to change, and […]
Prepared by Maria-Grazia Attinasi, Lukas Boeckelmann and Baptiste Meunier Published as part of the ECB Economic Bulletin, Issue 2/2023. In recent years, geopolitical considerations have started to play an increasing role in global trade relations. While criticism of globalisation pre-dated the coronavirus (COVID-19) pandemic, geopolitical tensions have strengthened, particularly in the face of the pandemic and […]
It takes two to tango, but only one to start a war. And thanks to Xi Jinping’s decade-long rule, the U.S. is now locked in a new Cold War with the People’s Republic of China, an adversary even more capable and dangerous than the Soviet Union was at the height of its power. In this […]
HIGH POINT — Due to extreme supply disruptions and resulting high import costs sparked by the pandemic, many furniture suppliers saw great value in producing and sourcing in North America, with Mexico in particular seeing a huge boost in popularity. Companies such as New Classic Furniture, A-America, Legends Furniture and American Woodcrafters all have begun […]
SARASOTA, Fla. — Reshoring and FDI job announcements in 2022 were at the highest rate ever recorded, with electric vehicle battery makers the top category, according to the Reshoring Initiative’s 2022 Data Report. Fourth quarter announcements accelerated even more than anticipated due to the Chips and Infrastructure Acts and deglobalization trends. The Reshoring Initiative report contains […]
The New York Times‘ motto is “All the news that’s fit to print.” Here at CleanTechnica, our motto is, “All the clean tech news that fits, we print.” There is a lot of EV battery news out there lately, so that will be the subject of today’s news blast. CATL M3P Production Last summer, we […]
