More than a third of U.S.-based manufacturing executives at companies with sales greater than $1 billion are planning to bring back production to the United States from China or are considering it, according to a new survey by The Boston Consulting Group (BCG). Decision makers at 106 companies across a broad range of industries responded … Continue reading
Those words were projected on the PowerPoint slide before a gathering of metro-east manufacturers, economists and analysts at a forum last week at America’s Central Port in Granite City to discuss the state of metro-east manufacturing. Contrary to popular belief, these experts say that although the manufacturing sector here and across the country has shed … Continue reading
Shifting federal policies and a lack of skilled workers in the state labor market are among the largest impediments to hiring, representatives from the manufacturing industry said at a summit in Portsmouth on Wednesday. Representatives from Foss Manufacturing in Hampton, Laars Heating Systems Company in Rochester and firearms manufacturer SIG Sauer, which is currently … Continue reading
New research shows employers in manufacturing and engineering are far less likely to offer opportunities to inexperienced young people – whom they would have to train up and supervise more – when there are plenty of “job-ready” older people available to do the work due to Britain’s rising unemployment toll. The admission from industry employers … Continue reading
Huff Post – That the goal of the Chinese is to dominate the global solar and renewable energy industry is clear. A report released in February by the Senate Finance Committee’s Subcommittee on Trade titled “Losing the Environmental Goods Economy to China” provides ample evidence. According to the Subcommittee’s report: • The U.S. trade deficit in … Continue reading
Apple is Supporting 514,000 U.S. Jobs according to Apple itself. You can read the argument @ Apple. “Apple has made its first attempt to quantify how many American jobs can be credited to the sale of its iPads and other products, a group that includes the Apple engineers who design the devices and the drivers who … Continue reading
The United States is at a dangerous juncture: Manufacturing jobs are on the rise, but the growth is still fragile. Given the hypercompetitive nature of global manufacturing, it wouldn’t take much to kill this momentum and put the U.S. back to where it was a couple of years ago. That’s why it’s critical for American … Continue reading
“Remember 62 cents? Canada’s currency posted its all-time weakest monthly close against its American cousin exactly a decade ago, making a dramatic U-turn thereafter. Despite leveling off in recent years, the US¢/C$ exchange rate remains 60% stronger than it was a decade ago and is also more than 20% firmer than a trade-weighted basket of other major currencies” write Avery Shenfeld and … Continue reading
A growing number of executives of U.S.-based companies are repatriating their manufacturing capabilities — moving some production operations back from overseas. One such company is Ford, which announced last year that it will move jobs from China and Mexico back to the U.S. Another example is Caterpillar, which is investing $120 million in a new … Continue reading
U.S. manufacturers are hiring at the fastest pace in more than a decade to keep up with new orders but sweeping technological advances could cost thousands of factory workers their jobs in years to come. At a new factory in upstate New York, which is due to churn out its first computer chips this year, … Continue reading
After pitching the new manufacturing policy (NMP) as a one-shot fix to revive the manufacturing sector and create jobs by the millions, the government is now worried that its benefits may take too long to come. It is now thinking of a short-term manufacturing plan to create jobs quickly to prevent social unrest. The concern … Continue reading
You know that old saying, “When the U.S. sneezes, Canada catches a cold.” It still applies. The United States remains our biggest trading partner. What happens there affects everything from our tourism to our exports. But now, Canada is facing a bigger threat to its economic health. It’s called Dutch Disease — and it’s complicated … Continue reading
The U.S. economy is gathering momentum and the key driver is manufacturing. Not only is our industrial sector growing, but after more than a decade of losses in manufacturing jobs, we are actually going in the other direction. We added 50,000 manufacturing jobs in January on top of 32,000 the month before. This is a … Continue reading
The Obama administration is undertaking an athletic push to promote manufacturing employment in the United States: proposing giving manufacturers new tax breaks, closing loopholes that benefit companies that send manufacturing jobs offshore, expanding worker training programs and increasing trade enforcement, for instance. The administration underscored manufacturing’s first-among-equals status when announcing its proposed overhaul of the … Continue reading
Having a strong domestic manufacturing base is vital to the United States maintaining its world leadership in innovation. That is because advanced manufacturing provides an important institutional foundation for learning and developing process skills and capabilities that are increasingly intertwined with core R&D in some of the industries most important to the country’s economic future. … Continue reading