article thumbnail

Mexico sees solid manufacturing growth, courtesy of nearshoring

Resilinc

Mexico is seeing strong growth in manufacturing. That ability to go from one to two to three or four suppliers for different items to ensure [products are] available for the consumer [is] a big issue that’s being addressed right now,” Tom Stringer of BDO USA told The Wall Street Journal. market and secure redundant sources of supply.

article thumbnail

Supply Chain Matters News Capsule Follow-Up- February 24 2023

Supply Chain Matters

This update provides added developments related to aircraft manufacturer Boeing, and to current U.S. After deliveries were suspended for upwards of two years because of a series of quality and manufacturing process issues, Boeing has plans to ramp production to five per month in late 2023 and to 10 per month in the 2025/2026 timeframe.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AI and IoT on the Cutting Edge

Enterra Insights

billion units by 2025, a sharp jump from the 13.8 ” They note, “In comparison, non-IoT connections include smartphones, laptops, and computers, with connections of these types of devices set to amount to just over 10 billion units by 2025 – three times fewer than IoT device connections. .” ” 4.

article thumbnail

Toyota Changes Supply Strategy for New Battery Facility

Supply Chain Matters

Production within this facility is scheduled to begin in 2025 with a capacity of 30 gigawatts-hours of batteries annually. The reported strategy is to construct 14 assembly lines that can produce batteries for either hybrid, plug-in hybrid, or fully electric powered vehicles.

article thumbnail

Honda Announces Plan for EV Factory in the U.S.

Supply Chain Matters

Today, The Wall Street Journal reported (Paid subscription required) that global auto maker Honda Motor , in partnership with supplier LG Energy Solution , have initiated plans to build a U.S. The Journal report indicates that the $4.4 The Journal report indicates that the $4.4 based battery production facility.

article thumbnail

TSMC Delays Opening of U.S. Fab Complex

Supply Chain Matters

advanced chip fabrication complex in Arizona until 2025, a year later than previously planned. In its reporting, The Wall Street Journal indicated that the chip giant has been seeking to maximize subsidies and tax credits related to constructing and operating a U.S. When semiconductor manufacturing first exited the U.S.

article thumbnail

Labor Activism Turns to U.S. Automakers

Supply Chain Matters

Backdrop Existing labor contracts among these three manufacturers and the United Auto Workers ( UAW ) labor union representing upwards of 146,00 workers are set to expire on Thursday of this week at midnight. According to The Wall Street Journal , thus far GM has offered a 10 percent wage increase while Stellantis offered 14.5