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Weekly Wrap Up For June 3rd, 2022

 Tim Fiore, Committee Chair of the ISM’s Manufacturing Report on Business(R) discusses both the May 2022 Purchasing Manager’s Index and the ISM’s Semi-Annual Survey in an information-packed presentation of where manufacturing is at and where it appears to be headed. If you need some good news, this is it! Commerce Secretary Warns U.S. Must …

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Hyundai to Invest $5 Billion in U.S. Manufacturing

U.S. Manufacturing

On Sunday, Hyundai announced new plans to commit a further $5 billion towards investing in American manufacturing and innovation. The funds will support the company’s work in electric vehicles, robotics, air taxis, self-driving cars and artificial intelligence. This new announcement follows the automaker’s other major announcement last week regarding their plans to build an all-EV manufacturing …

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Georgia Solar Panel Manufacturing Grows Again With New Factory

Solar

This Thursday, South Korean-based PV solar-cell manufacturer Q Cells announced its plans to open a new solar panel manufacturing facility in Dalton, GA. The new facility will be built as an expansion to Q Cells’ existing facility in the area.  The expansion is expected to cost $171 million and will create 470 new jobs once …

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Commerce Secretary Warns U.S. Must Secure a Future for Chip Industry

Chip Industry

This past Wednesday, U.S. Commerce Secretary Gina Raimondo urged Congress to pass the CHIPS (Creating Helpful Incentives to Produce Semiconductors) for America Act in order to safeguard national security and the future of the economy. The bill aims to incentivize investment in U.S. semiconductor manufacturing, research and development and supply chain security, providing income tax credit …

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May 2022 Manufacturing ISM® Report On Business®

March 2022 Manufacturing ISM Report On Business

Manufacturing PMI® at 56.1% New Orders, Production and Backlogs Growing at Faster Rates Employment Contracting; Supplier Deliveries Slowing at a Slower Rate Raw Materials Inventories Growing at a Faster Rate; Customers’ Inventories Too Low Prices Increasing at a Slower Rate; Exports Growing at a Faster Rate; Imports Contracting Record-Long Lead Times for Capital Expenditures (Tempe, …

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Weekly Wrap Up For May 27th, 2022

 On today’s episode host Harry Moser discusses with Lew Weiss how manufacturers measure competitiveness by comparing delivery, quality, and price and why U.S. manufacturers keep losing out on price. Harry looks closely at how the U.S. lost its edge and the path back to global manufacturing leadership. Harry also explains how companies could bring …

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Agricultural Machinery Manufacturer Hit with Ransomware Attack

Ransomware Attack

This week, AGCO, a major U.S. agricultural machinery manufacturer, was hit by a ransomware attack that affected its business operations and shut down its systems. AGCO, which is headquartered in Duluth, Georgia, is known for designing, producing, and selling machinery like tractors, combines, foragers, hay tools, and self-propelled sprayers. The company also produces smart farming …

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Manufacturing Supply Chain Disruptions Could Last into 2023

Manufacturing Supply Chain

Supply chain disruption could continue for more than another year, according to the newest Resilient M4.0 Supply Chain survey conducted by the National Association of Manufacturers’ Manufacturing Leadership Council.  A combination of factors is causing major fundamental shifts in supply chain approaches across the industry. These include pandemic lockdowns, blocked shipping lanes, container scarcity, material …

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iPhone Maker Foxconn to Enter U.S. EV Manufacturing Industry

Foxconn

Taiwan-based Foxconn, known officially as Hon Hai Technology Group, reached a deal last week with Lordstown Motors to acquire the EV startup’s sprawling plant in northeast Ohio. This new deal will have Foxconn produce Lordstown’s Endurance pickup. Foxconn will also co-develop EVs with Lordstown, however, this will be dependent on if the startup can survive …

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Weekly Wrap Up For May 20th, 2022

 Dr. Chris Kuehl, Managing Partner with Armada Corporate Intelligence, discusses facets of the economy that manufacturing is dealing with, and the underlying strengths and weaknesses of the shifting sands.  Norbert Ore, Senior Correspondent with Manufacturing Talk Radio, discusses the chaos and forecasting surrounding manufacturing from D.C. policy to oil and gas prices that …

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