he Michigan Economic Development Corporation (MEDC) and West Michigan economic developers recently held their first-ever furniture industry symposium, and supply chain disruptions led the list of concerns. The MEDC, Pure Michigan Business Connect, The Right Place and Lakeshore Advantage co-hosted…
The Biden administration outlined its vision for reviving the domestic production of semiconductors, large capacity batteries, critical minerals and pharmaceuticals in a report that followed its 100-day review of critical supply chains. The 250-page report is being released as multiple industries are facing…
If 2020 was the year of the pandemic, 2021 is shaping up to be the year of stressed supply chains and the shortages economy. In scale and scope, unprecedented supply shortages have had a cascading impact on global supply chains…
![Identifying Weaknesses, Using Data To Strengthen Supply Chains [Q&A]](https://reshoringinstitute.org/wp-content/uploads/2021/06/750px-1.png)
As vaccination levels rise, COVID case numbers drop, and health guidelines ease, the economic bounceback has generated as many supply chain challenges as economic upswings. For manufacturers, this means navigating another "new normal" packed with new sourcing variables that impact…
When one thinks of motor vehicle ingenuity, the name ‘Ford’ almost immediately comes to mind. Founded in 1903, the Ford Motor Company (Ford) produces around 5.5 million vehicles per year and continues to deliver in terms of comfort, safety and…
Reshoring manufacturing is booming - but reshoring cannot simply be defined as reestablishing new factories in the U.S. that were once in China. Reshoring is defined more broadly to include: Manufacturing returned to America New sourcing of raw materials and…
Dive Brief: Total cost of ownership is the top factor manufacturers consider when making reshoring decisions, according to the State of North American Manufacturing 2021 Annual Report. Of the 337 qualified respondents surveyed by Thomas for the report, 23% said total…
Welcome to the Thomas Index Report for the week of June 7th. There’s been a lot of discussion lately around the surge in reshoring as North American businesses shift back to domestic production and operations in the wake of COVID-19-related…
It’s been nearly a year and a half since the pandemic brought supply chains around the globe to a screeching halt. As the wheels of commerce begin to churn, we’ll learn which changes were temporary, which are permanent and which…
Each month, Tony Uphoff, visionary CEO of Thomasnet.com, joins Cloud Wars Live for a recurring segment. “Uphoff on Industry” will explore the innovations, upheavals, and breakthroughs reshaping the the world of manufacturing and industrial markets. Join Tony and me as…
Western firms looking to build greater resilience into their supply chains in Asia in the wake of the pandemic could face reputational nightmares unless they undertake thorough risk assessments when looking to diversify their sources of products and raw materials…
2020 will be remembered as the year of the pandemic. But it was also a year of reckoning for globalization writ large, and, in particular, the mechanisms of a highly interdependent and integrated global economy. Long heralded as a strength…
The past year-plus has seen a lot of ups and downs for companies at all stages of the supply chain, and many are only now beginning to get back to normal operations after months of adapting to pandemic norms. However,…
Despite the impact of COVID-19 in 2020, the global plastics industry is expected to rebound in 2021 due to the resumption of activities in its major end markets in line with progressive containment of the pandemic, a new report forecasts.…
When the pandemic spread around the world in early 2020, trade in goods shrunk at the fastest pace on record, only to reverse course mid-year and surpass its pre-pandemic level before year-end. The logistics industry was in the eye of the storm as the pandemic snarled…
The Homeland Security & Governmental Affairs Committee of the US Senate has passed the bipartisan legislation that will strengthen efforts to onshore production of personal protective equipment (PPE) in the US by requiring federal agencies to issue long-term contracts for…
![Preparing For The Business Bounce Back [Q&A]](https://reshoringinstitute.org/wp-content/uploads/2021/05/750px-1.png)
We’ve been waiting for this moment for more than a year — the highly anticipated economic bounce back. That time when we finally see one of those dramatic recovery curves representing an end to the buying and selling challenges the…
Global manufacturing and supply chains were severely disrupted by the COVID-19 global pandemic, forcing companies to adapt and plan for a new business reality. The 2021 State of Manufacturing Report from Fictiv reveals an industry that is quickly rebounding with investments in…
With sustainability spurring innovation, the market is estimated to reach $558.71 billion in 2021, up from $533.04 billion in 2020, with a CAGR of 4.8% SANTA CLARA, Calif., May 18, 2021 /CNW/ -- Frost & Sullivan's recent analysis, Industry Convergence to Transform the Global Plastics and…
n the wee hours of Easter morning 2020 — as the pandemic raged and most people were sleeping — there was a quiet but important handoff happening in Ohio. About 2 a.m. a group of about 20 companies turned over…