Generative artificial intelligence (AI) in the form of natural-language processing technology has taken the world by storm, with organizations large and small rushing to pilot it in a bid to automate tasks and increase production. Tech giants Google, Microsoft, and Amazon are all offering cloud-based genAI technologies or baking them into their business apps for […]
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Key takeaways: Challenging global economic and market conditions The global markets have been going through a challenging period, with many countries implementing aggressive interest-rate increases. In the United States the US federal funds rate has risen to the highest level in the last 40 years. Additionally, US equity market performance has seen very limited breadth; […]
As part of Solutions Review’s Contributed Content Series—a collection of articles written by industry thought leaders in maturing software categories—Maggie Slowik, Global Industry Director for Manufacturing at IFS, explores the key factors influencing the rise of manufacturing reshoring and the positive impacts on a rebound for U.S. manufacturing. The manufacturing industry has not yet recovered […]
Over the past 40 years, demand for cheaper goods pushed American factories and sourcing offshore to China. Now that China has positioned itself as a challenger to U.S. global leadership, the relationship has changed and the geopolitical risk of manufacturing or sourcing in China has grown. This changes the calculus for firms making sourcing decisions. […]
By all accounts, the post-pandemic period in the U.S. is characterized by a remarkable resurgence in advanced manufacturing – a response to such challenges as rising geopolitical tensions, the climate crisis, and supply-chain vulnerabilities. This transformation, which we have termed the “industrial transition,” is being catalyzed by increased federal spending – notably, via the Inflation […]
A slow U.S. economy and high interest rates have taken a toll on robot orders in North American, resulting in a decline for the second quarter in a row after record purchases in 2021 and 2022. According to the latest report from the Association for Advancing Automation (A3), companies ordered 7,697 robots valued at $457 […]
A month has gone by since the last earnings report for RPM International (RPM). Shares have lost about 5.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is RPM International due for a breakout? Before we dive into how investors and […]
Keith Dunham, CEO, launched LockersMFG nine years ago in Batesville, Miss. It’s now a highly automated, 60-employee enterprise. When people talk of reshoring and a U.S. manufacturing renaissance, they usually speak in vague terms, maybe spouting off a few big-dollar numbers from Wall Street banks or California research firms. As CEO of Lockers Manufacturing (LockersMFG), […]
While much of it takes place behind the closed doors of corporate labs, electronics 3D printing is quietly revolutionizing the way goods are manufactured in the U.S. and abroad. And, thanks to the CHIPS Program, it is receiving a federal boost that will see new ways of making electronics take place at an increasingly domestic […]
Despite a global rush of major companies reshoring, South Korea uniquely trails its competitors in encouraging businesses to return, with the growth in returning companies remaining slow. Despite recent government efforts to encourage reshoring, assessments indicate that it is still insufficient. According to industry sources on Aug. 8, since the government began encouraging the return […]
