Tech Advances Drive Manufacturing Investments Back to U.S.

Tech Advances Drive Manufacturing Investments Back to U.S.

Oct 30, 2017

By Andrew Soergel, Economy Reporter, U.S. News Advances in artificial intelligence and industrial production are reshaping the world’s manufacturing landscape. Manufacturing at long last is enjoying a revitalization in the U.S. as companies from around the world invest in the country’s operations – a key development in President Donald Trump’s quest to make America great again. But presidential policies may not be the primary driver of the manufacturing shift back to the U.S. – and an industrial return isn’t expected to create nearly the same number of jobs that factory floors maintained in decades past. It appears to be technological innovations, rather than policies or an availability of labor, driving the manufacturing renaissance. And with operational advances extending well beyond the reaches of Silicon Valley and into Rust Belt communities in the Northeast and Midwest, many believe the country is well-positioned to be a leader in advanced manufacturing for years to come. “The reason is, candidly, it’s less about the manufacturing people. It’s more about the technology,” Mike Marusic, COO of Sharp Electronics, said Wednesday during an event hosted by Bloomberg. Marusic said Sharp is one of several companies that has chosen to increase investment in the U.S. rather than seeking out “traditional manufacturing places” like China and Thailand in recent years. Other companies include medical device manufacturer Insulet – which broke ground last month on a new central Massachusetts facility that’s expected to bring hundreds of jobs to the area after spending several years operating a production outfit in China – and General Electric, which has tweaked investment plans in recent years to funnel more resources into U.S. facilities rather than in countries with historically lower labor costs like Mexico and China. Even Foxconn, a Taiwan-based electronics manufacturer that helps assemble popular products like iPhones, recently announced plans to build a Wisconsin facility and develop operations in the U.S., despite its proximity to what have historically been considered countries with cheap labor. The Reshoring Initiative advocacy group estimates 338,000 jobs migrated to the U.S. from overseas between 2010 and 2016. The country on net is estimated to have gained 25,000 manufacturing positions last year – meaning more jobs returned to the U.S. than were offshored in 2016 for the first net gain in years. At...

Rebuild Manufacturing – the key to American prosperity

Rebuild Manufacturing – the key to American prosperity

Oct 25, 2017

Published by the Coalition for a Prosperous America Press Release –  October 25, 2017 By Michele Nash-Hoff I am proud to announce the publication of Rebuild Manufacturing – the key to American Prosperity by the Coalition for a Prosperous (CPA). I am currently Chair of our California chapter of CPA. Michael Stumo, CEO of CPA, said, “”Michele has been instrumental in developing our California chapter and has spread the word about CPA’s issues and proposals in her Industry Week column. Her new book shows the adverse effect of offshoring and U. S. trade deficits on American manufacturing and highlights CPA’s proposals to eliminate the trade deficit and improve the business climate for American manufacturers with new trade and tax policies.” In 2012, CPA published the second edition of Michele’s previous book, Can American Manufacturing be Saved? Why we should and how we can. My new book is based on my nearly 200 articles for my column on Industry Week’s website and my presentations on behalf of CPA and the Reshoring Initiative for the past five years. My book describes the current state of American manufacturing, discusses what are the main threats to rebuilding American manufacturing and recommends what strategies, and analyzes how trade agreements have affected American manufacturing. I discuss the role “reshoring” plays in rebuilding American manufacturing, what is currently being done to rebuild American manufacturing, shows how American innovation and advanced manufacturing contribute to rebuilding American manufacturing, and how we can solve the skills gap and attract the next generation of manufacturing workers. The book provides case stories of how some American manufacturers are succeeding against global competition by developing innovative products and becoming Lean companies. It concludes with specific recommendations of strategies, policies, and actions that can be taken towards rebuilding the manufacturing industry in America. Steve Minter, Sr. Editor, Industry Week, wrote, “Rebuild Manufacturing” represents the latest installment of Michele Nash-Hoff’s tireless efforts to promote the strengthening of U.S. manufacturing. The book demonstrates her encyclopedic knowledge of the problems that have beset manufacturing but, more importantly, presents manufacturers, policymakers and other readers with insightful recommendations for actions that will improve U.S. industrial competitiveness and the American economy.” Den Black, President...

Hankook Tire opens its first US manufacturing plant

Hankook Tire opens its first US manufacturing plant

Oct 19, 2017

By Traction News Staff Hankook Tire held its grand opening ceremony for its first manufacturing facility in the U.S., underscoring its commitment to technology, innovation and growth in North America. The development of the Tennessee Plant is integral to Hankook’s strategic vision of becoming a top-tier tire brand, while providing high-quality, made-in-USA products to its customers. The grand opening celebration took place at the facility in Clarksville, Tenn., and was attended by State of Tennessee Governor Bill Haslam, United States Representative Marsha Blackburn, Korean Consul General Seong-jin Kim, and several other prominent state and local officials. The Tennessee Plant is Hankook’s eighth plant worldwide and joins a global footprint of state-of-the-art manufacturing that serves customers globally. The plant’s first phase will produce 5.5 million units annually, enabling Hankook to more efficiently provide tire dealers and consumers with high-quality tires and industry-leading services to meet the demands of the American market, while supporting existing and future Original Equipment (OE) partners. The plant has already brought nearly 1,000 jobs to the local economy, a total that is expected to climb to 1,800 as infrastructure expands. In addition, Hankook moved its American headquarters to Nashville last year and has hired more than 100 local employees to oversee operations there. “The new Tennessee Plant signifies Hankook Tire’s growing business in the United States and continued journey toward being a global leader in the tire industry,” said Seung Hwa Suh, Global CEO of Hankook Tire. “Our investment in the U.S. is part of our ongoing commitment to innovation, state-of-the-art technology and service for our customers. This high-tech, sustainable facility will enable Hankook to execute every phase of business in the U.S., from R&D to production and sales.” Hankook incorporated sustainable design and construction practices into development of the 1.5 million square foot facility, which sits on 469 acres. Leveraging top-tier technology and highly automated processes, the Tennessee Plant will produce Passenger Car Radial (PCR) and Light Truck Radial (LTR) tires from Hankook’s extensive North American lineup, including the KINERGY PT, a premium touring all-season tire and Hankook’s first tire made in the U.S. “Hankook Tire’s new plant brings tremendous economic growth and opportunity for Tennesseans,” said Tennessee Governor Bill Haslam....

Amazon can ‘overwhelm the competition with brute force’

Amazon can ‘overwhelm the competition with brute force’

Oct 16, 2017

By Business Insider Scott Galloway, a marketing professor at NYU and author of the new book “The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google,” discusses Amazon. He says that whenever the company is bumping up against the other three juggernauts, it’s winning. He cites how Alexa is beating Siri, and mentions the company’s torrid pace of growth. Galloway thinks that Amazon’s core confidence is storytelling, and mentions Amazon having access to the cheapest cost of capital in history — which allows them to overwhelm the competition with brute...

Wisconsin-Based Mitchell Metal Products Wins First…

Wisconsin-Based Mitchell Metal Products Wins First…

Oct 12, 2017

“Wisconsin-Based Mitchell Metal Products Wins First National Reshoring Award” By Beth Lawrence, Content & Media Manager, DGS Marketing Engineers CLEVELAND, October 12, 2017 – Mitchell Metal Products of Merrill, WI has received the first National Reshoring Award in recognition of the company’s success bringing manufacturing back home to the United States. The award, given by The Reshoring Initiative and the Precision Metalforming Association (PMA), honors a company that has effectively reshored products, parts or tooling made primarily by metal forming, fabricating or machining. Mitchell Metal Products was selected after using reshoring to complete more end products with less lead time. In 2016, the company manufactured a cultivator handle subassembly product, increasing the production volume from 4,500 made overseas to 30,000 made in Wisconsin. “We are thrilled and honored to receive the first National Reshoring Award,” said Tim Zimmerman, president of Mitchell Metal Products. “By utilizing the total cost of ownership approach pioneered by The Reshoring Initiative, we have won a number of value-added contracts and brought work back home. We are proud to be delivering high-quality products to our customers and creating good jobs here in Wisconsin. Right now, eight percent of our workforce is employed because of products we have helped to reshore.” The award was presented in Milwaukee, Wisconsin, on September 28, 2017, at Sourcing Solutions™, a popular procurement program hosted by PMA. This premier sourcing event brought together buyers and engineers from top manufacturing companies with pre-screened suppliers, enabling companies to find the most competitive resources for their projects. The 2018 National Reshoring Award will be presented next fall during Sourcing Solutions. Additional details about the event will be available in early 2018. “We are proud to be a sponsor of the National Reshoring Award and to celebrate companies who are contributing to the strength of the American manufacturing sector,” said Allison Grealis, vice president of membership and association services at PMA. “Through Sourcing Solutions and other efforts, PMA is committed to supporting manufacturers in their quest to find local, competitive suppliers and keep work here at home.” “I was delighted that the winning product was a relatively conventional item, instead of being an advanced aerospace or electronics component,” said Harry...