Certified Inc. Admitted to the Research Park at FAU Technology Business Incubator® (TBI)

CERTIFIED, INC. ADMITTED TO THE RESEARCH PARK AT FAU TECHNOLOGY BUSINESS INCUBATOR® (TBI)

FOR IMMEDIATE RELEASE

Boca Raton, Florida May 11, 2016 – CERTIFIED, INC. has announced the Company’s invitation and admittance into the highly selective Technology Business Incubator® (TBI) at the Research Park at Florida Atlantic University, a move that will assist in furthering breakthrough advancements engineered by CERTIFIED in the area of cognitive research and the collection of big data. CERTIFIED developed the Augmented Reality Visual Search Engine (ARVSE), a smartphone app named AUGI™, an advanced product tracking and tracing breakthrough. Read more of this post

Ford Announces $1.6 Billion Investment in Mexico

Ford announces $1.6 billion investment in Mexico, derided by Trump

A Ford logo is pictured at a store of the automaker, in Mexico City, Mexico, April 5, 2016. REUTERS/Edgard Garrido

DETROIT/WASHINGTON/MEXICO CITY (Reuters) – Ford Motor Co (F.N) on Tuesday announced it would invest $1.6 billion to build more small cars in Mexico, starting in 2018, triggering a fresh blast of criticism from Republican front-runner Donald Trump. Read more of this post

Reshoring Data Reveals Progress, Problems for Reclaiming Jobs

The Reshoring Initiative, a not-for-profit organization that helps manufacturers recognize the profit potential for adopting local sourcing and production, issued its 2015 Reshoring Report, documenting progress that the U.S. manufacturing sector has made over the past decade in offsetting the job losses and capital investment, and recognized that “rapid job loss” has been curtailed, while conceding that “huge challenges to bringing back the 3-4 million manufacturing jobs previously lost to offshore.”

The report includes data on reshoring of formerly offshore jobs and foreign direct investment (FDI) by companies establishing new domestic manufacturing for 2007-2015. Both factors are keyed to manufacturers’ determination to produce goods in the market where they are intended to be distributed, known as ‘localization.’

The complete— Reshoring Initiative Data Report: Reshoring and FDI Continue Strong in 2015 — is available online.

For 2015, the combination of reshoring and FDI continued to be strong, adding 67,000 domestic manufacturing jobs. Since February 2010 (a low point for U.S. manufacturing employment), more than 249,000 manufacturing since the manufacturing employment low of February 2010, the group indicated.

However, the overall trend fell 6% from 2014 due to a strong U.S. dollar; low oil prices and shipping rates; and weaker economies in competitor manufacturing countries.

Among the reasons for reshoring and FDI documented for 2015 are government incentives, ecosystems/localization, proximity to customers, and a skilled workforce. Offshore problems that companies cited included lower quality, supply interruption, high freight costs, and delivery.

Regionally, the reshoring trend remained strongest in the Southeast and Texas, though in 2015 the West overtook the Midwest for second place among regions gaining the most jobs from offshore.

Despite the downturn, 2015 was the second consecutive year that manufacturing jobs returning to the U.S. remains equal to or slightly higher than the number of jobs leaving. By comparison, for 2000-2007, the U.S. market lost about 220,000 manufacturing jobs annually due to offshoring.

“We publish this data annually to show companies that sourcing domestically is an increasing trend in the United States,” stated Reshoring Initiative founder and president Harry Moser. “With 3 to 4 million manufacturing jobs still offshore, as measured by our $500 billion/year trade deficit, we see potential for even more growth, and we hope this data will motivate more companies to reevaluate their sourcing and siting decisions.”

Moser, the former president of machine tool builder GF AgieCharmilles, established the Reshoring Initiative to help manufacturers recognize the profit potential of embracing local sourcing and production. Among the resources it offers companies to make supply chain sourcing decisions is its Total Cost of Ownership Estimator®, a calculating tool to help account for and understand relevant offshoring costs (e.g., inventory carrying costs, shipping expenses, intellectual property risks, etc.)

SOURCE: American Machinist

Look Out China, US Manufacturing is Headed for No. 1

Look Out China, US Manufacturing is Headed for No. 1

Advanced manufacturing technologies are helping to push the United States back toward being the most competitive manufacturing nation in the world, according to a new survey of global CEOs and other senior executives. Read more of this post

Made in USA is Less of an Option

 

Made in USA is Less of an Option

Presidential hopefuls Donald Trump and Bernie Sanders are about as ideologically opposite on the political spectrum as any two candidates in recent memory. Both of them, however, are in agreement on one issue: free trade. Read more of this post

Steel Made at Northwest Indiana Factory Used in Navy vessels

Welding MAM

BURNS HARBOR, Ind. (AP) – The 337-foot USS Illinois submarine was built with steel made at the Arcelor Mittal USA factory in northwest Indiana. Read more of this post

Nordstrom, AG Adriano Goldschmied Apparel Class Action Settlement

Nordstrom, AG Adriano Goldschmied Apparel Class Action Settlement

A class action settlement has been reached with apparel manufacturer AG Adriano Goldschmied Inc. and retailer Nordstrom Inc. over allegations they sold clothing with labels that did not properly disclose the fabric’s country of origin. Read more of this post

How America Can Create Jobs by Andy Grove

Made in the USA & Apparel Reshoring- Expert Round-Up, How America Can Create Jobs by Andy Grove

(Dr. Grove passed away on March 21st. He was the chairman of Intel, one of Silicon Valley’s leading high-tech companies. He wrote this article six years ago, but it is more timely now than ever.) Read more of this post

Making It In China Is Not The Bargain It Used To Be

Making it in China is not the bargain it used to be

Image courtesy H.L.I.T./flickr.

I remember when China started being a real threat to U.S. moldmakers and molders in the early to mid-1990s, and all I heard was talk of how cheap China’s labor was and how it would be impossible for U.S. manufacturers to compete. Read more of this post

Chinese Man Pleads Guilty to Stealing US Military Aircraft Data

 

Chinese Man Pleads Guilty to Stealing US Military Aircraft Data

In this Sunday, April 17, 2011 file photo, Chinese Air Force crew members inspect a J-20 stealth fighter in Chengdu, in southwest China’s Sichuan province. (Color China Photo via AP, File)

A Chinese man has pleaded guilty in a “years-long” conspiracy to hack into U.S. networks to steal sensitive information, including data on the C-17 cargo plane and fighter jet aircraft, the Justice Department announced Wednesday. Read more of this post

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