This week’s lead story is about the development of port facilities at the Paducah-McCracken County Riverport Authority for a new customer, PRCO America Inc., bringing in materials for making refractory brick formerly made overseas and imported. It shows the close association between the inland waterways and reshoring opportunities. Outsourcing happened for a number of reasons, […]
Reshoring News
No doubt it’s a tough time for global trade, battered by supply chain issues and geopolitical concerns. But there’s a useful metaphor to help navigate our way through these challenges: Keep the bicycle moving. Made famous by Fred Bergsten, founder of the Peterson Institute for International Economics (PIIE), it’s a reminder that continuous sets of […]
With globalization no longer the default option for all companies, many are returning product manufacturing from foreign countries to their home countries (reshoring); transferring work to different organizations within their own regions (nearshoring); and relocating business processes from one country to another (onshoring). Mexico has become a particularly attractive target for U.S. firms. In November, […]
Raj Jammy, chief technologist at MITRE Engenuity and executive director of the Semiconductor Alliance, sat down with Semiconductor Engineering to talk about changes in the supply chain, where and how to leverage different capabilities, and why advanced packaging and manufacturing are so critical to economic security. SE: The global supply chain for semiconductors appears to […]
The world is confronting a number of challenges, including a global health pandemic and the Russian invasion of Ukraine. These shocks have exposed the vulnerability of the global supply chains created by decades of failed trade policy and corporate-driven globalization, resulting in shortages of critical supplies and manufacturing inputs and amplifying inflation. The Biden–Harris Administration […]
St. Joe’s students can now major and minor in supply chain management through the department of decision and system sciences (DSS) in the Haub School of Business. The programs provide students with courses in project management, modern supply chain practices and business analytics. “To offer a supply chain major means that our students can have […]
SINGAPORE, Feb 28 (Reuters) – The threat of China invading Taiwan, long considered a highly improbable event, has moved to the centre of global money managers’ risk radars and is factoring in their investment decisions, analysts say. Fund managers say they are fielding more queries from clients about the odds of an invasion of Taiwan […]
Reshoring to emerging Asian markets and the Americas offers competitive advantage The coronavirus pandemic reshaped the attitude of the average consumer. Government-mandated lockdowns and fear of infection forced shoppers to embrace online shopping at previously unforeseen levels. This rocked the supply chain at a time when manufacturing was slowed and part shortages raged, creating a […]
The New York Times published a report on the world’s largest chipmaker Taiwan Semiconductor Manufacturing Company’s $40 billion high-end chip manufacturing project in Arizona on Wednesday, revealing the other side of what US President Joe Biden hailed as “a game changer” project: a bad business decision. Although the report is based on interviews with 11 […]
Now is the time to learn lean, Industry 4.0, and supply chain management lessons Shorter supply chains, not these long, global ones; technology adoption; and lean manufacturing principles are keys to reshoring. af_istocker/iStock/Getty Images Plus In my recent book Take Back Manufacturing: An Imperative for Western Economies, I describe how we may soon see a […]
