In this newsletter: Ohio emerges as manufacturing hub; climate change pressures production; and factories grapple with staffing constraints. (Was this email forwarded to you? Sign up here.)
Businesses are putting down new roots in Ohio as the Biden administration advances policies to boost U.S. production of semiconductors, electric vehicles and other advanced technologies.
Ford and Intel are just a few of the major companies that are making moves to build facilities or expand existing sites in the state. And the investments aren't small, either — Intel, for example, will spend $20 billion on two chip factories slated to come online in 2025.
Why Ohio? The state has robust manufacturing infrastructure, access to high-skilled talent, plus a host of economic incentives for businesses. Read more.
Although companies have upped their investment in U.S. manufacturing, staffing those factories has proven challenging. Labor constraints are only set to worsen in the future as more retire — the median age of a manufacturing worker is 44.
Experts say businesses should think about adjusting operations to attract younger talent, who often want higher wages, workplace flexibility and a path to a long-term career. Their suggested strategies may carry lessons for hiring across the supply chain. Take a look.
The number of job openings within the manufacturing industry for Sept. 2022. Staffing challenges have hindered output for many businesses. Get the details.
The consequences of a warming planet are already threatening productivity and output within the manufacturing sector.
Rising temperatures and natural disasters such as floods have forced companies around the globe to idle production or, in some cases, invest heavily to rebuild facilities.
As extreme weather events become increasingly common, experts say businesses need to take action now to insulate themselves from risk. Learn more.
Opinion Poll
Do you plan to invest in your manufacturing operations this year?
Have a poll question you’d like to suggest? Let us know!
Last issue's results are in!
We asked: Do you plan to invest in your fulfillment network in 2023?
29% said yes, we plan to expand or optimize our network; 17% said no, we have no planned changes to our fulfillment network; 41% said no, we will downsize our network next year to generate savings; and 14% said other.
The race to a clean energy future is set to reinvigorate an industry that had been hollowed out by decades of job cuts and outsourcing. But while manufacturing investments bring greater opportunities, they are also expected to create new challenges.
All of today's stories come from Manufacturing Dive, our sister publication which launched late last year to give executives up-to-date news on the industry. If you want to learn more about how businesses are advancing manufacturing and investing in production, click here to sign up for our newsletter.
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