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Reshoring

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GM Moves Buick Envision Production to U.S. in 2028, Part of Reshoring Push
business1 month ago

GM Moves Buick Envision Production to U.S. in 2028, Part of Reshoring Push

GM will shift production of the Buick Envision from China to its Fairfax Assembly & Stamping plant in Kansas City in 2028 as part of a broader reshoring effort tied to tariffs, backed by multibillion-dollar investments to move more production to U.S. sites. Envision will still be built in China for other markets, and GM is also planning to move the Chevrolet Equinox to Fairfax next year. Fairfax has faced underutilization and layoffs, with around 900 workers previously let go, but employees are eager to return as production ramps up. Analysts say the move adds scale and supports a brick‑by‑brick onshoring strategy, though tariff savings may be modest.”,

via detroitnews.com|
#automotive#business#manufacturing
Ford's Farley: Blue-collar labor crunch could stall AI data centers and U.S. reshoring
technology1 month ago

Ford's Farley: Blue-collar labor crunch could stall AI data centers and U.S. reshoring

Ford CEO Jim Farley warns that a shortage of blue-collar workers to build and operate AI data centers and manufacturing facilities risks derailing AI ambitions and reshoring, noting current gaps of about 600,000 factory workers and 500,000 construction workers, plus a need for 400,000 auto technicians in three years; experts cite an aging workforce, immigration policy limits, and low awareness of the shortage, and call for vocational training and policy reforms as demand for AI infrastructure surges.

via Fortune|
#ai-infrastructure#blue-collar-labor#data-centers
"Tax Credits in Climate Bill Attract Solar Manufacturing to U.S., but Imports Pose Threat to Boom"
business2 years ago

"Tax Credits in Climate Bill Attract Solar Manufacturing to U.S., but Imports Pose Threat to Boom"

Solar manufacturing in the United States is experiencing a revival thanks to a combination of tax credits and trade protections provided by President Biden's Inflation Reduction Act. The law has incentivized solar companies to invest billions of dollars in new facilities, leading to the reshoring of solar jobs. Critics argue that while these efforts have been successful in the short term, they come at a high cost to taxpayers and may not be sustainable in the long run. However, proponents believe that the subsidies and tariffs are necessary to compete with China and build a robust domestic solar industry.

via The New York Times|
#business#climate-bill#government-policies
Reshoring Manufacturing: The Texas Craftsman Factory Dilemma
business2 years ago

Reshoring Manufacturing: The Texas Craftsman Factory Dilemma

The attempt to establish a highly-automated Craftsman tool factory in Texas highlights the challenges faced by American businesses in reshoring manufacturing. The $90 million facility, intended to showcase "Made in the U.S.A." products, faced setbacks due to the pandemic, supply chain issues, and technology deficiencies. The factory struggled with testing machinery integral to its automated vision, leading to production issues and a choice between costly adjustments or running at half capacity. Ultimately, the plant was closed, impacting sales and resulting in layoffs. The closure raises questions about the availability of Texas-made tools, with some becoming collectors' items. Other U.S. facilities continue to produce tools using more manual processes.

via Fox Business|
#automation#business#craftsman
Stock Market Updates: House Passes Debt Deal, Nordstrom Earnings Boost, and More
business2 years ago

Stock Market Updates: House Passes Debt Deal, Nordstrom Earnings Boost, and More

Stocks are set to start June with modest gains as investors remain wary of debt ceiling deal progress and potential Federal Reserve rate hikes. A bill to raise the US debt ceiling passed the House, and the Senate aims to send it to President Joe Biden's desk as soon as Friday. Retail earnings reports have stocks swinging, with Macy's shares dropping and Nordstrom's rising. Amazon has agreed to pay over $30 million to the Federal Trade Commission to settle allegations of privacy violations involving its Alexa and Ring products. More companies are looking to bring manufacturing operations home, in a trend called "reshoring" that could have massive implications for the global supply chain.

via CNBC|
#amazon#business#debt-ceiling