Reshoring is the opposite of offshoring. It applies to companies that are bringing production and manufacturing “back home,” i.e. returning it to the country in which the company was first established. In other words, if a company has moved some…
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With 69% of North American manufacturers recently indicating they're "likely" or even "extremely likely" to reshore their supply chains in response to the impacts of COVID-19 and tariffs, Thomas Insights brought longtime reshoring advocate Barry Zekelman, executive chairman and CEO of Zekelman Industries, onto this…
With the arrival of COVID-19 in early 2020, U.S. medical workers soon faced a shocking scarcity of masks, gowns and gloves to protect them from the infectious new disease, interrupting critical care and forcing the reuse of disposable items. The…
While optimism is returning to the economy, 83% of U.S.-based chief financial officers (CFOs) expect their company to take up to a year to recover, according to the 2021 BDO Manufacturing CFO Outlook Survey. Of the 100 CFOs polled for the…
Even before the election of Donald Trump, reshoring was already in vogue. After decades spent moving factories from the U.S. to China, in recent years corporate America has been thinking of reversing this trend and bringing manufacturing back home. For…
Due to the impact of automation and robotics, the World Economic Forum expects 85 million jobs to be disrupted by 2025, while 97 million jobs will be created. We saw similar numbers in the 1990s when the computer boom decimated…
CytoImmune Therapeutics and Biosimilar Sciences will invest a combined total of $228 million to set up operations in Puerto Rico. The plan – which was announced by Invest Puerto Rico last week – will see the firms perform novel biologics…
Today’s supply chains and manufacturing operations are global, highly efficient, and carefully tuned. At the same time, the COVID-19 black-swan event has demonstrated painfully that they are also fragile and lacking transparency at times when faced with unexpected disturbances. The…
Plastics processors already short staffed due to a yawning skills gap faced sudden, desperate demand for products needed to respond to the coronavirus outbreak. Initial stop-gap, emergency manufacture for things like personal protective equipment (PPE) quickly converted to full-on reshoring,…
The Cobb Chamber and SelectCobb invite you to attend their upcoming virtual webinar, “Reshoring: What Does It Means For Your Business.” Reshoring is the practice of bringing manufacturing and services back to the U.S. from overseas. Join them for this…
SkyWater Technology, a company which has been very vocal about the need for a secure domestic chip production, continues to show the way by expanding its operations with a manufacturing fab in Florida The company – which is the only…
No one predicted 2020 would be the year when supply chain trends would shoot to the top of everyone's watch list. Then came the COVID-19 pandemic, which disrupted manufacturing and supply chains around the world. Auto production in South Korea was halted…
Upon entering office, President Biden quickly set to work undoing executive actions taken by his predecessor, President Trump, and issuing new ones reflecting his own priorities. During his first week as President, Biden signed executive orders on topics as varied…
When fitness equipment like kettlebells, hand weights and dumbbells became hot sellers at the start of the pandemic, Midwestern retailer Meijer created a Michigan-made solution to bolster supply and address the more than 300 percent increase of demand its stores were…
Sorry tariff hating Davos Man and Bloombergers, Americans are indeed fine with paying more for their gadgets and gear if it is made by countries that share their values. In other words, we don’t need Disney shirts made from Uyghur…
As manufacturers plot their paths forward, many are paying closer attention to supply chain resiliency and the need for stronger, tech-enabled supply chains that can withstand shocks. The global pandemic upended most of the business world, with a particularly pronounced…
We can learn a lot from history. In the face of a global pandemic that has upended the business world, the measures taken in the short-term will lead to significant shifts that will last for decades. We saw how the…
PTA Plastics has invested more than $2 million in six new injection molding machines—four Wittmann Battenfeld’s and two Engel’s—that it will divide between its facilities in Colorado and Connecticut. In total, the company acquired four machines from Wittmann Battenfeld and two from…
A major shock to supply chain operations, COVID-19 exposed the weaknesses of the current supply chain paradigm and forced firms to consider the challenges of rebuilding their supply chains due to supplier exits. For some industries, the pandemic even forced a major…
What products and components offer the biggest opportunities for reshoring? What advanced manufacturing technology is needed to enable the reshoring? To what degree did the pandemic disrupt supply chains, and how did it affect sourcing? To answer these questions and…