The executives at Trek Bicycle can pinpoint the day they realized the bike market was going berserk. "April 12," says Eric Bjorling, the director of brand marketing for the company. "That's when we knew we had something on our hands."…
Bringing jobs back to U.S. from China not so simple, consultant says. The trend toward globalization has become risky due to factors including unsettled international relations, ethnocentrism, trade disputes, global counterfeiting, the COVID-19 pandemic and travel restrictions, supply-chain consultant Rosemary…
U.S. government officials have called for the “reshoring” of domestic industrial capacity in several areas in recent weeks. Whether it is the production of pharmaceuticals and personal protective equipment, or the development of microelectronics, specialty chemicals and materials, calls for…
Independent SEC-registered investment advisor at Stonnington Group , a wealth management and investment planning firm based in Pasadena, CA. Covid-19 has undoubtedly had the most acute impact on global manufacturing and supply chains in modern history. In the ensuing months…
Authoritative summaries of “The Economic Impact of COVID-19” won’t be publishable for years to come. Perhaps you’ll settle for a few observations. Globalization in decline? Can we gain from reshoring? Rochester long held a strong position in export markets—it ranked…
Initiative to Support Manufacturers Recovering from COVID-19 Pandemic to Position Themselves for Future Competitiveness Governor Andrew M. Cuomo today announced $2.3 million in federal CARES Act funding for four organizations to provide critical services to small and mid-sized manufacturers as…
One positive outcome from the current COVID-19 pandemic is the increased willingness of government entities to support business activities that help sustain private sector supply chain efforts. It’s time for supply chain managers to step up and leverage these opportunities.…
For a long time, we’ve thought bigger was better. We mass produced items, built bigger warehouses to store them in, and created big-box stores. But today’s consumer wants a more one-of-a-kind experience that adheres to their values, needs, and aesthetic.…
The COVID pandemic has led the U.S. industrial sector to take a hard look at the efficiencies and cost-effectiveness of operations and supply chains. While production improvements can be addressed by implementing process improvements, updating infrastructure, upgrading IT platforms, and…
The COVID pandemic has led the U.S. industrial sector to take a hard look at the efficiencies and cost-effectiveness of operations and supply chains. While production improvements can be addressed by implementing process improvements, updating infrastructure, upgrading IT platforms, and…
At Thomas, we’ve been tracking supply chain shifts since the Covid-19 pandemic began and our data shows that the increased interest in reshoring is actually accelerating. The statistics are significant, too: In February, 54% wanted to bring production back to…
Tesla’s announcement of a new, 2,100-acre gigafactory in Texas has rightly generated a great deal of excitement. In this time of economic crisis, news of 5,000 new jobs assembling the world’s most celebrated electric vehicle is an important step toward strengthening domestic…
Australian businesses are demonstrating a growing interest in mitigating COVID-induced operational risks by reshoring and redistributing infrastructure and employees. The global economy has developed a dependence on complex international supply chains, borne out of the desire to minimise costs of…
Since the early days of Covid-19, we’ve heard lots of inspiring stories about businesses, especially manufacturers, stepping up to provide critical supplies. What we’ve heard less about is how (or if) those manufacturers will hold their own now that overseas…
Medtech has really stepped up this year to respond to medical device shortages brought on by the COVID-19 pandemic. Despite these impressive efforts, there remains a growing list of medical device shortages. FDA maintains a publicly-available, up-to-date list of the medical…
The COVID pandemic has led the U.S. industrial sector to take a hard look at the efficiencies and cost-effectiveness of operations and supply chains. While production improvements can be addressed by implementing process improvements, updating infrastructure, upgrading IT platforms, and…
SmarTech Analysis has published a new report on the state of metal 3D printing service bureaus dubbed “The Market for Metal Additive Manufacturing Services: 2020-2029.” The report illustrates the current picture of the metal additive manufacturing (AM) service market and projects…