Remove Manufacturing Procurement Remove Sourcing Remove South Korea
article thumbnail

The CHIPS and Science Act of 2022: What It Means for the Future of Manufacturing

ivalua

US Government Passes the CHIPS Act to Increase Semiconductor Manufacturing and Research. The CHIPS Act was created in response to pandemic-induced shortages of semiconductors and other critical manufacturing supplies, causing widespread disruption to supply chains across the country. . Part A: Manufacturing in the U.S.

article thumbnail

Global Manufacturing Levels Contract Again in August 2024

Supply Chain Matters

The August data further reinforces indications of a global manufacturing slowdown. Global Manufacturing Output Levels Global-wide manufacturing levels as reported by the J.P. Global Manufacturing Output Levels Global-wide manufacturing levels as reported by the J.P. This composite index produced by J.P.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Upturn in Global Manufacturing in June- Cautionary Signs Prevail

Supply Chain Matters

Global Manufacturing Output Global-wide manufacturing levels as depicted by the J.P. Morgan Global Manufacturing PMI® reportedly slightly declined in June with output and new orders indices on the rise. In the latter category, subdued market conditions were cited as an underlying factor in manufacturers’ business optimism.

article thumbnail

Auto Industry Concerns in Sourcing Moves Within Mexico

Supply Chain Matters

Supply Chain Matters highlights concerns raised by automotive industry interests regarding evolving component sourcing among China based suppliers within Mexico. market entry to that of Japanese automakers on the 1970’s and South Korea based makers in the 1990’s. Inflation Reduction Act passed in 2022.

Mexico 52
article thumbnail

Considerations for China Plus Supply Chain Sourcing Actions

Supply Chain Matters

The alternative supply chain or “ Altasian” is defined as countries consisting of Japan, South Korea, Taiwan, India, the Philippines , Indonesia, Singapore, Malaysia, Thailand, Vietnam, Cambodia and Bangladesh. billion in population will be the linchpin of an alternative sourced Asian supply network.

article thumbnail

Mid-Year Assessment of 2022 Supply Chain Sourcing Predictions- Part Two

Supply Chain Matters

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year.

article thumbnail

August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

Supply Chain Matters provides our commentary and perspectives on published monthly global manufacturing PMI and supply chain activity indices. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. The August S&P Global US Manufacturing PMI™ again fell to a two-year low of 51.5, The August 2022 J.P.