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Presenting an unparalleled 360-degree experience of the manufacturing industry for thirty years, WIN EURASIA serves as the meeting point where industry innovations are exhibited on one platform. Through the … |
https://maritime-professionals.com/the-broadest-meeting-of-the-manufacturing-industry/
COOLIDGE, Ariz. — Electric truck and hydrogen maker Nikola Corp.’s financial struggles — a near-record-low stock price, weak cash position and inability to access reasonably priced capital — feed legitimate concerns about its survival. But visit the plant about an hour east of Phoenix and you come away with a different take.
First, the L-shaped production line is full across all 15 assembly stations. Nikola is capable of building five or six Class 8 battery-electric vehicles (BEVs) a day....
https://www.freightwaves.com/news/nikola-matures-as-an-electric-truck-manufacturer
The coronavirus pandemic reshaped the attitude of the average consumer. Government-mandated lockdowns and fear of infection forced shoppers to embrace online shopping at previously unforeseen levels. This rocked the supply chain at a time when manufacturing was slowed and part shortages raged, creating a perfect storm for retailers and logistics companies alike.
“COVID brought e-commerce 10 years forward too quickly, and the supply chain industry wasn’t ready for it,” Dunavant Enterprises...
The global shake-up of the supply chain has dispelled the notion that the greatest opportunities are an ocean away.
Who said a global supply chain had to be global?
That’s the question manufacturers have been posing in recent years as they face continual setbacks in places like China. Fed up with production delays and shortages, companies are taking their business elsewhere.
Many U.S.-based companies have found just what they’re looking for in their neighbors to the south.
Amid China’s ongoing...
https://www.freightwaves.com/news/mexicos-nearshoring-gives-shippers-more-reasons-to-go-cross-border
Since 2020, the U.S. has experienced extreme congestion at its ports, with vessels waiting for weeks, and sometimes months, to get unloaded. After two years of continued supply chain disruptions, companies are looking for more localized options to negate the impact of overseas shipment delays.
Mexico’s proximity to the Americas and favorable operating environment has made it an attractive location for many U.S. companies wanting to expand or move their manufacturing operations. Cross-border...
The risk to manufacturing, agriculture and distribution sectors in Florida is rapidly intensifying as powerful Hurricane Ian takes aim at the state’s southwest coast. But the economic ripple effects are likely to be felt well beyond the storm zone.
Experts are predicting severe disruption to supply chains from flooding, power outages and wind damage that could stall factory and farm production, as well as freight movement through major port, airport, highway and rail nodes. The Tampa-to-Orlando...
https://www.freightwaves.com/news/supply-chain-effects-from-hurricane-ian-could-linger-for-weeks
The pandemic woke companies up to the risks associated with distant, complex supply chains. This has more companies considering reshoring operations to the U.S., something that, along with making supply chains more resilient, may boost sustainability.
Reshoring is the process of returning the manufacturing of goods from abroad to the company’s original country. Only companies that have previously offshored operations have the ability to reshore.
“Due to the proximity of the supply chain network,...
https://www.freightwaves.com/news/could-sustainability-be-another-reason-to-reshore-manufacturing
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https://www.freightwaves.com/news/daily-infographic-the-top-electric-car-manufacturers
Nikola Corp. is acquiring struggling startup Romeo Power Inc. in a $144 million all-stock deal that Nikola says will assure its supply of battery packs critical to assembling electric trucks.
The transaction exchange ratio implies Romeo’s shares are worth 74 cents each, a 34% premium to its closing price Friday of 55 cents. Romeo shareholders get a 4.5% pro forma ownership of Nikola. The boards of both companies have approved the deal.
The deal potentially preserves up to 400 jobs at Romeo.
“In...
https://www.freightwaves.com/news/nikola-acquires-struggling-romeo-power-to-secure-battery-supply
Continued strength in the industrial and manufacturing sector could support freight transportation markets in the second half of 2022 despite softness within the consumer economy, FTR Associates said during a webinar on key issues in transportation.
“A slowdown is different than a recession. If we are in a recession, right now, I’ll take it. This is an environment that feels radically different than any other recession that I could ever tell you about,” said FTR President and CEO Eric Starks,...
https://www.freightwaves.com/news/ftr-dry-van-volume-holding-quite-strong
