Manufacturers are currently experiencing unprecedented disruption of the supply chain on both the supplier side and the customer side.
U.S. manufacturers, retailers and consumers have felt the impacts of supply chain issues throughout the COVID-19 pandemic amid congestion at ports, and it appears conditions won’t considerably improve any time soon, as posted in Thomas Insights on Sept. 21.
House Majority Leader Steny Hoyer (D-Md.) affirmed the chamber will vote on the Senate-passed bipartisan infrastructure bill on Sept. 27, signaling Democratic leaders are still plowing full speed ahead on their planned timeline even though the larger $3.5 trillion bill to invest in social safety net programs still faces tough hurdles, according to The Hill.
As reported by the Federal Reserve on Sept. 15, industrial production increased 0.4% in August after moving up 0.8% in July.
The U.S. Department of Energy (DOE) launched the Local Energy Action Program (Communities LEAP) — an initiative designed to help environmental justice communities and communities with historical ties to fossil fuel industries take direct control of their clean energy future.
According to CareerCloud, as of Sept. 8, the number of unfilled jobs grew further to a record 10.9 million while the number of unemployed Americans fell to 8.3 million.
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The recent effort to strengthen U.S. self-sufficiency in an era of global value chains represents an intersection between a more confrontational foreign policy stance toward China and a domestic effort to reshore manufacturing.
Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, has acquired Hunt Valve Company Inc., a specialty manufacturer of naval valves and electromechanical actuators.
As far as costly disasters go, Hurricane Ida was no Katrina, but the damage inflicted by its rapid escalation and unpredictable path is troubling to observers who say the event reflects a newly ascendent type of storm that is both less predictable and more expensive, according to NBC News reports on Sept. 7.
2021 Virtual Market Outlook Workshop reflects on positive growth and looks ahead to a stabilizing 2022
Marking its second year of the Market Outlook Workshop being virtual only, the 2021 event was held August 6-7 and featured valuable insights from global and national economic experts across several industries.
Similar to its last two quarterly reports, ITR Economics in its latest forecast continues to remain bullish on many end-user markets.
Eastern Controls Inc. (ECI) has officially announced its partnership with Minnesota-based DeZURIK Inc. as the exclusive Industrial representative for the Northern New Jersey and Metro New York industrial markets.