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The CHIPS and Science Act of 2022: What It Means for the Future of Manufacturing

ivalua

The goal of the Act is to improve America’s manufacturing capability of semiconductor chips and ensure that the country remains a global leader in technology. The Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act is the main anchor of the CHIPS and Science Act. According to 2020 data, the U.S.

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Congrats to the Winners of the Supply Chains to Admire 2023

Supply Chain Shaman

Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters.

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Extreme weather’s impact on supply chains

Resilinc

We are chasing around North America trying to find other suppliers—at much higher rates,” the CEO of an Edmonton food manufacturer told the CBC. Then the drought eased in June, only to be followed by extreme rains, flooding, and landslides.

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Ocean Freight: Key Trends & Planning For Peak Season 2023

Ware2Go

Manufacturing Costs Manufacturing costs in North America are higher than those in other global areas, such as China. In the long run, this may give companies in North America an advantage, as they are able to provide higher quality and safety standards. Likewise, other alternatives include India and Latin America.

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Top 5 Factors that Impacted Commodities in 2022

Resilinc

Additionally, protests and labor actions by workers and consumers in Latin America and Asia disrupted manufacturing and logistics for many commodities. #2 This shift reflected the continuing disruptions in commodities value chains in China associated with the government’s strict Covid policies , which eased at the end of the year.

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Global Manufacturing Activity Levels Stabilize in February

Supply Chain Matters

In contrast, performance levels related to North America , Europe and South America were noted as remaining weak, on average, compared to Asia. Taiwan Taiwan’s activity as reflected in the S&P Global Taiwan Manufacturing PMI® showed its best performance since June 2022, rising 4.7 increasing 3.2

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Another Peloton Supply Chain and Customer Service Turnabout

Supply Chain Matters

In a reported effort to cut additional costs and increase needed cash flows, the provider announced intentions to cut upwards of 800 jobs within its North America support teams and eliminate its company operated warehouses. based manufacturing strategy, with a decision to source manufacturing at a CMS provider located in Taiwan.