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Taiwan chip maker is upping its US investment from $12B to $40B
This is unambiguously good news. According to The Hustle, Taiwanese chip maker Taiwan Semiconductor Manufacturing Company is upping its US investment in Arizona from one $12B plant to $40B across two plants. “This is an incredibly significant moment,” said Apple CEO…
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Is the US ready for reindustrialization?
IndustryWeek has an article about something we are seeing quite a bit: the US needs to prepare for reindustrialization. This is happening for many reasons. Supply chain issues surrounding the pandemic is one. Russia’s invasion of Ukraine and Chinese President…
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Workforce Skills Gap Threatens Reshoring of Supply Chains Critical to U.S. Economic and National Security
One trend we can foresee at Unionwear is, when companies reshore to the US, they will find we have a major skills gap. We aren’t the only ones either. According to this article from Casting Source, unpredictable global disturbances spotlighted…
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Manufacturers must modernize for reshoring to stick
American Machinist has an article which we at Unionwear agree with for reshoring to stick, manufacturers need to modernize. For decades, U.S. manufacturers reaped considerable production-cost savings by moving their operations offshore, primarily due to the low cost of foreign…
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America’s factory boom continues, as manufacturing adds 32,000 new jobs in October
The Alliance for American Manufacturing recently sent a press release saying American factories added 32,000 new jobs in October. Here’s the text of the release: ——————– Manufacturing added 32,000 jobs in October, according to data released by the…
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Maersk designed a more resilient supply chain. Here’s how
Harvard Business Review has a great article on how Maersk designed their supply chain to be more resilient. They accomplished this by taking a systems approach to innovation — one that is aligned to the enterprise strategy, solves relevant problems…
Read MoreBiden Administration rallies states, cities, and companies to boost clean American manufacturing
In an encouraging trend, the Biden-Harris Administration is focused on bringing clean manufacturing back to the USA. The Biden-Harris Administration is announcing a new set of public and private sector commitments aligned with President Biden’s Federal Buy Clean Initiative, which…
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The Inflation Reduction Act (IRA), aimed at onshoring American manufacturing, presents opportunities for domestic manufacturing
An article at Mondaq.com goes into some detail about the many opportunities presented by the recently passed Inflation Reduction Act (IRA). Among other things, the Act saw the introduction of a number of new and expanded tax credits aimed at…
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Six trends shaping the global supply chain in 2023
FastCompany has an article explaining why the supply chain is still kind of a mess, and when experts believe it will finally return to normal. Here are six trends experts are seeing regarding the supply chain. 1. GOVERNMENT INTERVENTION REMAINS…
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