WASHINGTON, D.C.— The U.S. Departments of Energy (DOE) and the Treasury, and the Internal Revenue Service (IRS) today announced several major programs to accelerate domestic clean energy manufacturing and ensure traditionally underserved communities benefit from clean energy technologies. As part of this whole of government approach, DOE is partnering with Treasury and IRS to implement […]
Reshoring News
More than 1,800 U.S. companies in a variety of industries returned their manufacturing operations stateside in 2022, according to a report from the nonprofit Reshoring Initiative. The shift wasn’t so much about bringing manufacturing back to the U.S., but rather a reaction to how the COVID-19 pandemic hindered supply chains around the world, said Richard Thompson, […]
The utterly humiliating saga of a high-altitude Chinese surveillance “balloon” successfully traversing the entire North American continent, only to be shot down off the South Carolina coast after completing its intelligence-gathering voyage, ought to serve as a wake-up call for America’s decadent ruling class. Here at Newsweek, Paul du Quenoy sagely compared the affair to […]
Gov. Mike DeWine said Ohio is poised to see tremendous economic growth and must be prepared to seize the moment. “This is a time of opportunity and, candidly, we don’t know how long that time will last,” DeWine said during an hour-plus interview with editors and reporters. DeWine wants the General Assembly to pass his […]
Pandemic-induced supply chain hurdles caused many of Wisconsin’s manufacturers to reevaluate where they are getting materials, and industry consultants expect that trend to continue. Some companies already moved some of their supply chains back to North America, but future geopolitical pressures could force manufacturers to accelerate those plans. In northeast Wisconsin, manufacturers have increasingly looked […]
At an event held last week in Washington D.C., European equipment suppliers and PV manufacturers discussed what a McKinsey & Company consultant described as a $1 billion to $1.5 billion market opportunity in the U.S. as a result of the Inflation Reduction Act. The U.S. market opportunity is based on an assumption that 50 GW […]
The United States’ two-way trade with other nations spiked in 2022, new federal data show, including trade with China despite increasing friction between the world’s two largest economies. Even while posting record-high exports to 73 countries in 2022, the U.S. still ran a trade deficit of $1.19 trillion, up $101 billion from 2021, the U.S. […]
In January, Maersk and Mediterranean Shipping Co., the world’s two largest shipping lines, announced that their alliance would end in 2025. Dubbed 2M, Maersk’s and MSC’s partnership allowed the two companies to share vessels, just as airlines strike code-sharing deals. Together, they control roughly one-third of global shipping capacity, although the ships that each company […]
As the semiconductor sector gains increasing national security implications worldwide, the US defense industry has in particular woken up to the crucial role of semiconductor supply resilience, as recent global chip shortages impeded leading US defense contractors like Lockheed Martin and Raytheon to boost arms production in support of Ukraine. Worse, according to a recent […]
The shape of supply seems to be changing in every conceivable way. It’s becoming less chain-like and more network-based, as businesses seek the sophistication needed to thrive in an uncertain world. Supply chains themselves are also shrinking, with organisations beginning to move away from the cheap-labour strategies that have fuelled the manufacturing boom and rapid […]
