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Annual Corporate and Consultants Surveys Reflect Continuing Economic Pressures

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星期五, 三月 15, 2024

Professional Services, Communications, Manufacturing, Finance, Consulting, Other Manufacturing, Publishing, Consultant, Unemployment, IRA, Government, Science, CHiPs, Corporation, Local government, ICT

Area Development’s 38th Annual Corporate Survey and 20th Annual Consultants Survey reflect the impact of current economic pressures, including low unemployment numbers, on corporate executives’ site and facility plans across both small and large companies in diverse industries.

Key Points:

Area Development’s 38th Annual Corporate Survey and 20th Annual Consultants Survey reflect the impact of current economic pressures, including low unemployment numbers, on corporate executives’ site and facility plans across both small and large companies in diverse industries.
Sixty percent of the respondents to our Corporate Survey are with manufacturing firms and are C-suite executives.
All of the respondents to our Consultants Survey rank availability of skilled labor as their clients’ #1 concern.
It also has produced more than 70 Best Practices Consultants Forums for economic developers since 2006.

Olympus Celebrates International Women's Day, Recognized as a Top 100 Workplace for Diverse Professionals by Mogul

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星期五, 三月 8, 2024

Additionally, the company was recognized by Mogul as one of their 2024 Top 100 Workplaces for Diverse Professionals.

Key Points:

Additionally, the company was recognized by Mogul as one of their 2024 Top 100 Workplaces for Diverse Professionals.
A key goal of the global DEI strategy is to promote the advancement of women in managerial roles throughout the organization.
Olympus learned in early March that it was receiving the prestigious 2024 Top 100 Workplaces for Diverse Professionals from Mogul, a global mobile app and online social platform.
Olympus is proud to be recognized for its DEI efforts on the Mogul website .

The macroeconomic effects of global supply chain reorientation

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星期六, 二月 10, 2024

Bank, Control, Quarterly Journal of Economics, Literature, Deutsche Bundesbank, Reconstruction, COVID-19, Monetary policy, Medical classification, Aggregate, Interest, Hail, Motion, Organization, WT, Policy, Smith, Elasticity, American Economic Review, Information, CHiPs, Journal of Economic Perspectives, Reproduction, Tagliapietra, Culture, Journal of International Economics, Section 3, European Commission, Communication, B16, Shock, NTM, European Chips Act, SSC, PHT, B17, Classification, Common, Tradability, Bank of Italy, Congressional Research Service, NT, Central bank, Private, Exercise, NIU, Labour, PDF, Website, European Parliament, Terrorism, Employment, B10, SUBST, Agricultural economics, F62, RTK, Bank of England, European Central Bank, Calibration, Agriculture, Foreign policy, Semiconductor, International Monetary Fund, Research Papers in Economics, Outline, Council, Openness, Bias, Economic system, European Council, Public policy, Deutsch, Statistics, GDP, Real, American Economic Journal, Table, Journal, YT, EAGLE, Household, Grossman, Science, Conference, Journal of Comparative Economics, Horse, SSRN, TC, Consumption, REA, F13, Section 2, University, Section 5, Legislation, Money, NTD, Central Bank of Ireland, Language, Capital, University of Limerick, Intermediate, CBI, Caselli, Macroeconomics, Crowding, Technical report, B14, Tax, Civil service commission, Growth, Commission, UNCTAD, Optimism, Politics, PIM, PX, Work, Social science, JEL, Government, Automation, HTT, Quarterly Journal, Canadian International Council, ECB, XT, METRO, ELAS, Credit, Bolt, Research, European Communities, American Journal, ArXiv, Unilateralism, Lerner, Motivation, International, C6, Committee, Security (finance)

We analyse the macroeconomic

Key Points:

We analyse the macroeconomic
effects of supply chain reorientation through localisation policies, using a global dynamic
general equilibrium model.
While arguments about comparative advantage, the potential forgone benefits of international specialisation and industry- and product-specific disruptions are familiar, there is less
analysis on the macroeconomic effects of supply chain changes resulting from localisation policies.
The large sensitivity of the global economy to the recent supply chain shocks suggests that
the international trade reconfiguration implied by localisation policies could also have sizable
impacts on key macroeconomic variables such as output, employment and inflation.
Thus, localisation focuses on the
goods in our model most closely related to global supply chains.
Retaliation also attenuates any positive effects from
reshoring on output and implies a reduction in the volume of overall international trade.
This finding calls for limiting the scope of reshoring, such as by focusing on vital goods that are
most susceptible to supply chain disruptions.
Either that, or the economic costs are considered a worthwhile trade-off for an increase
in security of supply, for example.
While arguments about comparative advantage, the potential forgone benefits of international specialisation and industry- and product-specific disruptions are familiar, there is less
analysis on the macroeconomic effects of supply chain changes resulting from localisation policies.
Recent supply chain shocks have had large effects, with disruptions in 2021 estimated
to have reduced euro area GDP by around two percent and doubled the rate of manufacturing producer inflation (Celasun et al., 2022).
To analyse this issue, we simulate a (partial) reshoring of production back to Europe in
a global dynamic general equilibrium framework.
Thus,
localisation focuses on the goods in our model most closely related to global supply chains.3 We
model reshoring through a direct change to the export goods? production-function parameters.
Since reshoring
effectively shortens the supply chain, the sum of markups along the chain falls.
This means that imports that are at the end of the supply chain (i.e.
In particular, our work relates to papers examining the potential for countries to reduce
their exposure to global supply chains.
(2021) demonstrate that reduced reliance on foreign inputs does not mitigate pandemicinduced contractions in labour supply.
(2021) find no evidence of a relationship
between global value chain integration and macroeconomic volatility.
This dynamic, along with factors such as natural disasters, climate-change
induced volatility and terrorism mean that supply chain disruptions could be a new normal
(Grossman et al., 2021).
Our work contributes to the literature providing dynamic general equilibrium analyses of
protectionist policies, in particular those using global macroeconomic models to quantify trade
policy changes.
(2008) analyse the effect of a rise in protectionism in response
to rising global trade imbalances.
Linde? and Pescatori (2019) find that although the macroeconomic costs of a
trade war are substantial, a fully symmetric retaliation is the best response.
(2020) consider a rich input-output structure and demonstrate that closer integration amplifies
the adverse effects of protectionist trade policies.
Several recent studies have also examined the economic effects of a global trade fragmentation.
First, we modify a dynamic general
equilibrium model of the global economy in order to analyse the transmission of localisation
policies.
This allows for a comprehensive treatment of cross-border macroeconomic interdependences and spillovers between the different regions.
4
There is, however, substantial cross-country heterogeneity in terms of impact, with small open economies
(SOEs) reliant on global supply chains more affected.
ECB Working Paper Series No 2903
7

Second, we are able to assess both long-run effects and the transition dynamics of localisation
policies.
Our model contains a detailed monetary block and captures inflation dynamics, which is a key
concern for supply chain reorientation.
Overall, our paper contains a careful analysis of the key aspects of the localisation debate,
including effects of localisation on domestic competition and efficiency.
Section 2 provides a brief overview of the model, the modifications to examine
global supply chain reorientation, some key details on the calibration and a brief discussion of
the nature of our exercise.
(2020) for discussions of the relative strengths and weaknesses of
trade and macroeconomic models in assessing large economic shocks.
2.1
Supply chain reorientation

Our analysis focuses on imported inputs used to produce goods for export, as the introduction
of localisation policies is in response to recent disruptions to global supply chains.
Since reshoring
effectively shortens the supply chain, the sum of markups along the chain falls.
Further to
these effects, engagement with global firms provides an opportunity for knowledge spillovers to
local firms (Criscuolo et al., 2017).
This finding calls for limiting the scope of reshoring, such as by focusing on vital goods that are
most susceptible to supply chain disruptions.
(B12)
Adjusting the share of local inputs in export goods, of course, affects prices and quantities all
along the supply chain.

CoreLogic: US Home Price Growth Speeds Up Again in November

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星期二, 一月 9, 2024

View the full release here: https://www.businesswire.com/news/home/20240109628017/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20240109628017/en/
Annual single-family home price growth moved up again in November, posting a 5.2% gain.
Northeastern states continued to show significant appreciation, with Rhode Island (11.6%), Connecticut (10.6%), and New Jersey (10.5%) all seeing double-digit growth.
In addition, 24 other states posted higher year-over-year home price gains than the national rate.
Areas in the Northeast, South and Midwest — where relative affordability continues to drive demand — posted the strongest home price increases.

Stormbreaker Ventures Surges Ahead; Reignites the Mobility and Wireless Innovation Ecosystem with New Fund

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星期四, 十一月 16, 2023

This marks a significant milestone in Stormbreaker's growth, illustrating the firm's steadfast commitment to advancing innovation within the mobility and wireless sector.

Key Points:

This marks a significant milestone in Stormbreaker's growth, illustrating the firm's steadfast commitment to advancing innovation within the mobility and wireless sector.
It's worth noting that Stormbreaker represents an exception for both Mi Capital and Thermo Companies, as neither are venture fund investors.
Our collaboration with Stormbreaker Ventures, our only partnership with a venture firm, was a deliberate decision due to its unparalleled wireless, mobility, and connectivity expertise.
This presents a golden opportunity to get into the mobility and wireless VC investments alongside experts in the field – now.

CHIPS for America Leaders Visit Lorain County Community College

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星期二, 十一月 7, 2023

Elyria, Ohio, Nov. 07, 2023 (GLOBE NEWSWIRE) -- For more than a decade, Lorain County Community College has been training students for careers in the semiconductor and microelectronic manufacturing industry.

Key Points:

Elyria, Ohio, Nov. 07, 2023 (GLOBE NEWSWIRE) -- For more than a decade, Lorain County Community College has been training students for careers in the semiconductor and microelectronic manufacturing industry.
Leaders from CHIPS for America visited LCCC to learn more about how the college works with local employers to prepare students to meet an expected boom in industry demand.
“The college was founded 60 years ago, in part, to help meet the demand for skilled workers in the manufacturing sector,” LCCC President Marcia J. Ballinger, Ph.D., said.
Based in Washington, D.C., the CHIPs for America team travelled to LCCC to learn more about the college’s microelectronic manufacturing programs – and the talent pipeline the program fills for local industry.

Vicor Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2022

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星期四, 二月 23, 2023

ANDOVER, Mass., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results for the fourth quarter and year ended December 31, 2022.

Key Points:

ANDOVER, Mass., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results for the fourth quarter and year ended December 31, 2022.
Gross margin increased to $49.1 million for the fourth quarter of 2022, compared to $40.8 million for the corresponding period a year ago, and increased sequentially from $47.0 million for the third quarter of 2022.
Gross margin, as a percentage of revenue, increased to 46.6% for the fourth quarter of 2022, compared to 45.2% for the corresponding period a year ago, and from 45.5% for the third quarter of 2022.
Capital expenditures for the fourth quarter totaled $12.7 million, compared to $16.8 million for the corresponding period a year ago and $14.4 million for the third quarter of 2022.

Leading Trademark & Brand Protection Lawyer Joins Royer Cooper Cohen Braunfeld LLC

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星期二, 一月 3, 2023

PHILADELPHIA, Jan. 3, 2023 /PRNewswire-PRWeb/ -- Royer Cooper Cohen Braunfeld LLC (RCCB), a law firm offering a distinctive combination of practical business acumen, legal expertise and entrepreneurial passion, announced today the addition of Senior Counsel Nancy Rubner Frandsen. She will be a member of the firm's Intellectual Property Group effective January 3, 2023.

Key Points:

Frandsen's in-depth knowledge of her clients' businesses and her support in helping them advance their objectives have made her a go-to trademark lawyer.
"Nancy's experience in handling all facets of trademark and copyright law makes her a welcome addition to the Intellectual Property team," said Barry Cohen, Partner.
Being a sound and seasoned lawyer has led her to be ranked by Chambers USA as a "Leading Lawyer" in intellectual property law since 2006.
Additional information about Royer Cooper Cohen Braunfeld is available at http://www.rccblaw.com .

Tektronix Partners with BRIDG to Boost Domestic Semiconductor Package Testing

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星期二, 十一月 8, 2022

BEAVERTON, Ore., Nov. 8, 2022 /PRNewswire/ -- Tektronix Inc., a leading provider in test and measurement solutions, announced today an official collaboration with BRIDG, a not-for-profit, public-private partnership specializing in advanced system integration and integrated circuit packaging. This collaboration will expand advanced semiconductor package testing capabilities in the US.

Key Points:

This collaboration will expand advanced semiconductor package testing capabilities in the US.
Tektronix is partnering with BRIDG to develop new techniques to test the latest state-of-the-art packaging.
The partnership leverages Tektronix' state-of-the-art package test services and capabilities to provide semiconductor testing, advanced package testing, and 2.5D/3D testing for BRIDG customers.
Tektronix is expanding domestic packaging production by integrating innovative solutions driving advanced packaging technology such as 2.5D/3D architectures, which reduce size, weight, power, and cost versus traditional semiconductor packaging.

Vicor Corporation Reports Results for the Third Quarter Ended September 30, 2022

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星期二, 十月 25, 2022

ANDOVER, Mass., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results for the third quarter ended September 30, 2022.

Key Points:

ANDOVER, Mass., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) today reported financial results for the third quarter ended September 30, 2022.
Gross margin increased to $47.0 million for the third quarter of 2022, compared to $42.8 million for the corresponding period a year ago, and increased sequentially from $46.8 million for the second quarter of 2022.
Gross margin, as a percentage of revenue, decreased to 45.5% for the third quarter of 2022, compared to 50.4% for the corresponding period a year ago, and decreased from 45.8% for the second quarter of 2022.
Vicor Corporation designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies.