Offshoring

NAIOP Research Foundation Partners With Newmark on Industrial Report: Reshoring Manufacturing Jobs Will Continue to Drive Development of Industrial Real Estate

Retrieved on: 
Thursday, February 15, 2024

Forging the Future: Manufacturing Growth and Its Effects on North American Industrial Markets " was written by Newmark's Lisa DeNight , Managing Director, National Industrial Research and Liz Berthelette , CRE, Head of Northeast Research & National Life Science Research.

Key Points: 
  • Forging the Future: Manufacturing Growth and Its Effects on North American Industrial Markets " was written by Newmark's Lisa DeNight , Managing Director, National Industrial Research and Liz Berthelette , CRE, Head of Northeast Research & National Life Science Research.
  • "Currently, the U.S. has less than 5 billion existing square feet of statistically-tracked manufacturing inventory.
  • "The volume of proposed manufacturing projects has the potential to reshape the U.S. manufacturing base, which currently measures approximately 4 billion square feet.
  • Most of the new manufacturing construction will be build-to-suit or owner-built, but demand will also exist for speculative manufacturing space.

UK manufacturers plan to increase reshoring to get better value and more security: Medius

Retrieved on: 
Wednesday, January 3, 2024

In reality, a whopping 90% of manufacturers engaged in the reshoring process report successful outcomes.

Key Points: 
  • In reality, a whopping 90% of manufacturers engaged in the reshoring process report successful outcomes.
  • A significant quarter of them (26%) are enjoying enhanced value and heightened security, while simultaneously witnessing a reduction in costs (24%).
  • In the future, 82% of manufacturers are planning to increase the pace of reshoring within their supply chains over the next two years.
  • Manufacturers also said their reshoring plans will mean they will need more staff in the UK (47%), and more specialist staff to help with the reshoring process (45%).

Manufacturing CEOs Are Stepping Into 2024 Embracing AI, Accelerating Reshoring And Investing In High-Tech Talent

Retrieved on: 
Tuesday, December 19, 2023

“Manufacturing today is a high-tech industry, and CEOs are investing in AI and talent to pivot more quickly than in generations past to meet the needs of the future,” said Xometry CEO Randy Altschuler.

Key Points: 
  • “Manufacturing today is a high-tech industry, and CEOs are investing in AI and talent to pivot more quickly than in generations past to meet the needs of the future,” said Xometry CEO Randy Altschuler.
  • Manufacturing CEOs say AI will play a significant role in their company in the next one to two years.
  • Investing to Fight a Skilled Labor Shortage: Manufacturing was on the cusp of a labor crisis even before COVID-19.
  • As American manufacturing becomes more high tech, CEOs remain worried about attracting highly skilled talent.

S&P Global Market Intelligence Projects Supply Chain Resilience to Remain Vital in 2024, but Willingness and Ability to Pay for it May be Lacking

Retrieved on: 
Tuesday, November 14, 2023

The newly published 2024 Supply Chain Outlook: Delivering resilience in adversity is part of S&P Global Market Intelligence's Big Picture 2024 Outlook Report series.

Key Points: 
  • The newly published 2024 Supply Chain Outlook: Delivering resilience in adversity is part of S&P Global Market Intelligence's Big Picture 2024 Outlook Report series.
  • In the new report, S&P Global Market Intelligence's supply chain analysts highlighted the continuing need to build supply chain resilience in 2024 is clashing with reduced corporate profitability.
  • "Global supply chains won't have any respite from a decade of disruptions in 2024, making resilience-building more vital than ever.
  • The good news is that technology investments and organizational enhancements can help build resilience," said Chris Rogers, Head of Supply Chain Research at S&P Global Market Intelligence.

More Than 90% of North American Companies Have Relocated Production and Sourcing Over the Past Five Years

Retrieved on: 
Thursday, September 21, 2023

A new report released today by Boston Consulting Group (BCG) , titled Harnessing the Tectonic Shifts in Global Manufacturing , underscores the magnitude of these shifts.

Key Points: 
  • A new report released today by Boston Consulting Group (BCG) , titled Harnessing the Tectonic Shifts in Global Manufacturing , underscores the magnitude of these shifts.
  • Of those, half reported that they had shifted more than 20% of their manufacturing and supply chain spending.
  • "Manufacturers across industries can achieve substantial cost reductions, along with improved resilience and sustainability, by boldly transforming their global manufacturing and sourcing footprints.
  • "Companies that move first and pursue a comprehensive footprint strategy will be in the best position to create sustainable competitive advantage."

Tema launches three innovative, professionally managed thematic ETFs: American Reshoring, Luxury, & Monopolies and Oligopolies

Retrieved on: 
Thursday, May 11, 2023

Tema ETFs (“Tema”) launches its actively managed thematic ETF offering with three strategies: American Reshoring (RSHO), Luxury (LUX) and Monopolies and Oligopolies (TOLL).

Key Points: 
  • Tema ETFs (“Tema”) launches its actively managed thematic ETF offering with three strategies: American Reshoring (RSHO), Luxury (LUX) and Monopolies and Oligopolies (TOLL).
  • These strategies are the first to address these specific themes in an actively managed ETF in the United States.
  • Our thematic focus, bottom-up investment process and portfolio managers’ industry expertise underpins these differentiated institutional grade ETF investment strategies.
  • The Tema Monopolies and Oligopolies ETF (TOLL) seeks to provide long-term growth through equity investment solely within industries characterized by monopolistic structures.

Kearney finds reshoring has moved beyond the drawing table

Retrieved on: 
Thursday, April 13, 2023

CHICAGO, April 13, 2023 /PRNewswire/ -- Reshoring, and nearshoring, have finally matured into commercial realities, according to a new study released today by Kearney, a leading global consulting partnership. Kearney's 10th Annual Reshoring Index Report finds that reshoring initiatives have become so successful that companies that have taken a wait-and-see approach to locating manufacturing operations in the past are now scrambling to find facilities in Mexico and the United States. However, the report also cautions that the road to reshoring is harder than most companies had expected and requires thorough preparation and strategic planning.           

Key Points: 
  • CHICAGO, April 13, 2023 /PRNewswire/ -- Reshoring, and nearshoring, have finally matured into commercial realities, according to a new study released today by Kearney, a leading global consulting partnership.
  • Kearney's 10th Annual Reshoring Index Report finds that reshoring initiatives have become so successful that companies that have taken a wait-and-see approach to locating manufacturing operations in the past are now scrambling to find facilities in Mexico and the United States.
  • However, the report also cautions that the road to reshoring is harder than most companies had expected and requires thorough preparation and strategic planning.
  • "We finally seem to be heading toward a sustained reshoring movement," says Omar Troncoso , partner in Kearney's consumer and retail practice.

From friend-shoring and reshoring to energy and food insecurity – new Swiss Re Institute study examines insurance in a multi-polar world

Retrieved on: 
Friday, September 9, 2022

Jrme Haegeli, Group Chief Economist at Swiss Re, said: "Six months into the war in Ukraine, our world has changed dramatically.

Key Points: 
  • Jrme Haegeli, Group Chief Economist at Swiss Re, said: "Six months into the war in Ukraine, our world has changed dramatically.
  • Triggered by the war and the pandemic, we are shifting from an interconnected to a multi-polar world faced with disrupted supply chains, energy and food crises.
  • Insurance is becoming even more vital to the economy, contributing to the financial stability of businesses by covering supply chain risks.
  • Supply chain restructuring is expected to create investments in new infrastructure and production facilities, increasing demand for engineering insurance.

The Frictionless Supply Chain

Retrieved on: 
Tuesday, June 7, 2022

The new show, called "The Frictionless Supply Chain," will feature interviews with leaders in supply chain management.

Key Points: 
  • The new show, called "The Frictionless Supply Chain," will feature interviews with leaders in supply chain management.
  • "Women in supply chain management is going to be an important area of focus for the Frictionless podcast, and I'm looking forward to hearing from more women leaders.
  • We are the Frictionless podcast will highlight these senior leaders," said Bob Trebilcock, Editorial Director at Supply Chain Management Review.
  • The Frictionless Supply Chain podcast is available to download on iTunes, Google Podcasts, or wherever you get your podcasts, or you can watch the videocast on the Reshoring Institute channel on YouTube.

Experienced Technology Transactions and Outsourcing Lawyer Sarvesh Mahajan Joins Crowell & Moring

Retrieved on: 
Wednesday, August 4, 2021

NEW YORK, Aug4, 2021 /PRNewswire/ -- Crowell & Moring further expands its corporate offerings with the addition of partner Sarvesh Mahajan who advises clients on technology transactions, with an emphasis on complex IT and business process outsourcing.

Key Points: 
  • NEW YORK, Aug4, 2021 /PRNewswire/ -- Crowell & Moring further expands its corporate offerings with the addition of partner Sarvesh Mahajan who advises clients on technology transactions, with an emphasis on complex IT and business process outsourcing.
  • "It's exciting to see Crowell & Moring strengthen its corporate practice by bringing on such a talented lawyer as Sarvesh, a known and well-respected practitioner in the technology transactions and outsourcing arena," said Mike Cammarota, Managing Director Senior Director of Legal Services, Global Transactions, at Accenture.
  • "With his addition, we will have a highly skilled and experienced attorney, dedicated full time to driving technology transactions.
  • Mahajan joins from Wiggin and Dana, where he was a partner in the firm's Outsourcing and Technology Practice Group.