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Decoding Reshoring: Motivations, Challenges and Technological Influences

Mold Making Technology

has experienced an unprecedented 14 years of manufacturing employment growth as millions of jobs have been reshored, according to the U.S. The number of jobs reshored per year has increased from 6,000 in 2010 to 350,000 in 2022. ’ higher labor costs Many plastic parts do not pack well, yielding increased freight cost per pound.

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Manufacturing PMI® at 52.8%; July 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

New Orders and Employment Contracting; Production and Backlogs Growing; Supplier Deliveries Slowing at a Slower Rate; Raw Materials Inventories Growing; Customers’ Inventories Too Low; Prices Increasing at a Slower Rate; Exports and Imports Growing; Record-Long Lead Times for Production Materials and MRO Supplies. TEMPE, Ariz. , Aug.

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Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

Agility and resiliency remain essential attributes for manufacturers in 2023. Manufacturers are no longer focused on figuring out when things will return to “normal.” Most major automobile manufacturers have set aggressive goals to electrify their fleets, many in the range of 40-50% by the mid-2030s.