March 24, 2023 – Reshoring + FDI job announcements in 2022 were at the highest rate ever recorded. 4Q announcements accelerated even more than anticipated due to the Chips and Infrastructure Acts and deglobalization trends. Top takeaways: Supply chain gaps and the need for greater self-sufficiency set the stage for the current upward trend in reshoring. […]
Reshoring News
Globalization was meant to bring the world closer together, enmeshing advanced and developing economies in a web of mutually beneficial economic and financial linkages. From about the mid-1980s, trade and financial flows between countries expanded rapidly as governments dismantled barriers to these flows. Not everything went according to plan. Tensions rose as the benefits were […]
The US government is setting more goals around biomanufacturing efforts, with a vision for stronger supply chains and greater domestic production. A 64-page report released by The White House on Thursday lays out “bold goals,” including an aim to produce at least a quarter of all active pharmaceutical ingredients in the US for small-molecule drugs […]
Sponsored As economic uncertainty remains at the forefront, there is a continued quest to combat the multitude of challenges encountered by the manufacturing industry, as well as the trickle-down effects on commercial real estate markets. At the recent NAI Global Convention in Las Vegas, NAI Global president and CEO, Jay Olshonsky sat down with an […]
David Bailey outlines the findings of a new UK in a Changing Europe working paper which examines how Brexit has impacted on manufacturing in the UK Midlands and the extent to which such firms are reconfiguring their supply chains. The Trade and Cooperation Agreement (TCA) provided important clarity for UK manufacturers in many ways, avoiding […]
Over the past three years, we’ve seen the emergence of two dominant themes relating to unpredictable market demand, prices and materials: the need to reduce risk, and to optimize supply chains. SAP recently reported that more than half of U.S. companies expect supply chain issues to continue in 2023. Yet large and mid-market businesses are still […]
The bipartisan CHIPS and Science Act of 2022 had a worthy goal: to revitalize domestic high-tech manufacturing by providing financial aid to the world’s best chip makers. The original emphasis was thus on reshoring and bolstering America’s supply chains. As the use of the past tense suggests, the implementation stage is off to a very […]
Manufacturing wages are increasing in China, alongside the intensity of the U.S.-China rivalry. This new problem for Beijing could prove a blessing for the United States and Mexico, especially given Washington’s recent drive to re- and ally-shore manufacting and industry. Perhaps it is time to ask: can these two economies be taken to the next […]
The vision and goal of the Solar Energy Industries Association (SEIA) is that by end of this decade, the U.S. will be the most competitive and collaborative solar and energy storage industry in the world, and that will be accomplished with a workforce made up of American workers and its allies. In the white paper, […]
[SPONSORED GUEST ARTICLE] Geopolitical change is having tectonic impact on the global manufacturing industry. In the U.S., western Europe and other industrialized countries, there is growing emphasis on “manufacturing repatriation,” or reshoring. With this comes the need for new strategies leveraging data analytics, machine learning, robotics and advanced design simulation enabled by HPC-class compute power […]
