The soaring costs of shipping are prompting companies to reconsider their supply chains and look for alternative sourcing. A new report by supply chain platform provider Thomas indicates a pronounced increase in manufacturers’ interest in shifting sourcing. Its survey of…
Manufacturing businesses are becoming increasingly predictive, adaptive and responsive as result of improvements made following 18 months of disruption, lockdowns and shortages. Almost three-quarters of manufacturing executives (74%) describe their organisation’s current production operation as ‘highly agile’ or ‘extremely agile’.…
Volatility and uncertainty in supply chains During the pandemic, world trade in goods has benefited from the global recovery in retail sales and industrial production, while other sectors remain much harder-hit by lockdowns and uncertainty, so much so that global trade’s…
Washington — The Biden Administration issued a proposed rule Wednesday that would raise the requirement for American-made parts in products purchased with taxpayer dollars to 75% by 2029. Under the proposed rule, a product would immediately have to meet a threshold of…
MUNICH – Automobile and electronics manufacturers worldwide have recently had to reduce output because a severe drought in Taiwan has hit the island’s production of semiconductors. This and other global supply-chain disruptions – many of them caused by the COVID-19…
The pandemic sent numerous shock waves through the world of small and medium- sized manufacturers (SMMs), and perhaps the most lasting have been disruptions and changes in the global supply chain. SMMs are now dealing with the reality that uncertainty…
In the past several decades, there has been a growing amount of manufacturing and supply chain work moving out of the U.S. and across oceans instead. However, that has begun to shift back in the past decade or so, as…
The pandemic continues to drive interesting trends in the manufacturing universe, even as COVID-related restrictions ease and businesses across most industries are beginning to return to some semblance of normal. Earlier this year MD+DI spoke with Tony Uphoff, president and CEO of…
Reshoring Canada is a new non-partisan organization that advocates for Canadian supply chain modernization and resiliency and promotes modern and secure reshoring measures. It was created by a group of former parliamentarians that includes me, a former federal industry minister;…
The administration of President Joe Biden wants the global supply chain of the future to look markedly different. In February, President Biden issued the Executive Order on America’s Supply Chains, initiating a 100-day risk assessment to determine strengths and weaknesses of supply chains…
Kristi Zentner and Heather Marx, attorneys in the Customs, Imports & Trade Remedies Practice Group of Cozen O’Connor, discuss how the recommendations of Biden’s supply chain task force might lead to real progress toward the return of domestic manufacturing of critical…
There was a jump in foreign direct investment (FDI) activity in the second quarter. While COVID-19 restrictions remain a factor, business is picking up at an extraordinary velocity as companies spend the cash they’ve had sitting on the sidelines for…
For industrial investors, there’s gold in the heartland — a “Golden Triangle,” that refers to the region of the country stretching from Illinois to Texas to Georgia and is poised to see some of the best opportunities for industrial in…
There is no question that the COVID-19 pandemic dramatically impacted business practices across industry segments worldwide. Manufacturing was no exception and 2021 will be the year of reinvention through an emphasis on transforming business models. The best manufacturers embrace change…
Thomas (thomasnet.com) last month released the findings of its State of North American Manufacturing 2021 Annual Report (tinyurl.com/4fkynz26) While we’re already more than midway through the year, the report is chock full of interesting data that you might find useful as you map…
It’s too soon to gauge the ultimate result of the Biden administration’s efforts to address long-standing vulnerabilities in the nation’s supply chains. But findings from the comprehensive Executive Order (E.O.) 14017 “America’s Supply Chains” released on June 8th set out…
The trend of complete automation of processes, despite the availability of cheap labour, has become even more important after the pandemic in which companies had to reduce their dependency on people, according to Sip Italy (Tormec Ambrosi) sales director David…
WASHINGTON — The Youngstown Business Incubator and BRITE Energy Innovators in Warren could be on the receiving end of federal dollars to advance device connectivity in the Mahoning Valley. U.S. Rep. Tim Ryan of Howland, D-13th, on Tuesday announced a $312,744…
President Joe Biden returned recently from his first foreign trip, during which he sought the help of allies to "win the 21st century" by countering China and addressing climate change. The United States, though, lacks an integrated strategy to take on…
Globalisation is undergoing a number of profound structural changes that we are only beginning to understand. Global trade has diminished in importance. It was a major driver of global economic growth between the early 1990s and the onset of the…