Tag

Reshoring

All articles tagged with #reshoring

technology5 hours ago•34 min saved

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

business3 months ago•2 min saved

Trump's Reshoring Push Boosts Intel and GlobalFoundries Stocks

The Trump administration is considering a policy to require equal domestic and imported semiconductor production, benefiting Intel and other U.S. chipmakers, with Intel's stock rising as a result. The policy aims to promote reshoring of chip manufacturing but faces questions about its practical implementation due to complex global supply chains.

via Investor's Business Daily|

#business #intel #reshoring

business5 months ago•4 min saved

GE Appliances to Invest $3 Billion in U.S. Manufacturing Expansion

GE Appliances is investing over $3 billion to expand its U.S. operations, moving production from China and Mexico to domestic plants in Kentucky, Georgia, Alabama, Tennessee, and South Carolina, in a strategy supported by tariffs and aimed at creating over 1,000 jobs and modernizing manufacturing facilities.

via CBS News|

#business #ge-appliances #investment

business6 months ago•2 min saved

GE Appliances Reshoring Washing Machine Production to Kentucky with $490M Investment

GE Appliances is moving most of its washing machine production from China to Kentucky, investing $490 million and creating at least 800 jobs by 2027, as part of its strategy to bring manufacturing closer to U.S. consumers and align with current economic policies.

via The Daily Wire|

#business #ge-appliances #investment

business6 months ago•3 min saved

Experts Warn Reshoring and AI Alone Won't Revive U.S. Manufacturing

Bank of America suggests tariffs could encourage reshoring of manufacturing to the U.S., but automation may replace human jobs, and challenges like skilled labor shortages and high costs could limit the benefits, making the impact on the economy complex and potentially double-edged.

via Fortune|

#automation #business #economy

business7 months ago•4 min saved

Can US trainers be developed without relying on cheap labor?

Keen's new US shoe factory exemplifies how American manufacturing is evolving through automation and high-tech solutions, making domestic production more viable despite high labor costs, but it remains a complex and limited part of the industry due to global supply chain dependencies and high costs.

via BBC|

#automation #business #manufacturing

business7 months ago•6 min saved

GM to Invest $4 Billion in U.S. Plants Amid Tariffs and EV Growth

General Motors plans to invest $4 billion to move production from Mexico to the U.S., including retooling plants in Michigan, Kansas, and Tennessee, driven by demand for SUVs and efforts to counteract tariffs, supporting American jobs and manufacturing.

via The Detroit News|

#auto-manufacturing #business #gm

business2 years ago•7 min saved

"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

business2 years ago•3 min saved

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

business2 years ago•3 min saved

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