Sumitomo Drive Technologies received the 2024 National Metalworking Reshoring Award. The award was given in recognition of their success in bringing manufacturing to the United States through foreign direct investment and to Mexico via nearshoring.
The Reshoring Initiative's 2023 report highlights a robust trend in U.S. manufacturing, with 287,000 jobs announced, driven by essential goods, strategic policies, and responses to global events.
Gain fresh ideas for a more efficient and connected supply chain that boosts profitability. Learn practical strategies from industry leaders at the IMTS 2024 Supply Chain Forum taking place on Wed., Sept. 11.
Is it a good time to make things in the USA? Gather insights on semiconductor manufacturing, reshoring, and tech advancements, uncovering essential strategies for growth and opportunity.
The concept of sustainable manufacturing is rooted in the production of manufactured products through economically-sound processes that minimize waste, with consideration of the three ESG pillars: environment, social and governance.
Manufacturers face a shortage of 3.8 million workers by 2033, costing $1 trillion in 2030. This skills crisis necessitates rethinking education and workforce alignment and shifting toward skills-based hiring and diverse talent pools for future success.
U.S. reshoring flourishes amidst China's economic downturn and decreasing exports, driving a geopolitical trade shift. Insights reveal economic trends, industrial policy, and future projections.
As global dynamics evolve, a transition to productivism prioritizes local investment. U.S. defense strategy and strategic policy development foster resilient supply chains as reshoring trends see economic benefits. Learn how this affects your business.
What specific factors are strengthening manufacturing and reducing U.S. reliance on imports? Harry Moser, founder and president of the Reshoring Initiative examines the reasons.
Reshoring and foreign direct investment (FDI) in manufacturing job announcements are continuing at a record pace, adding 101,500 jobs in the first quarter of 2023.