Supply Chain 13 results

Auto Manufacturers Extend Production Cuts Due to Chip Shortages

The microchip shortage has been making a noticeable impact on the auto manufacturing industry. As a result of the shortages, companies have had to reduce or even temporarily halt production in order to maintain an adequate number of chips. On Wednesday, GM announced that they would be extending some of their cuts for North American production. The company’s Wentzville, Missouri, plant will ...

Storms, Semiconductor Shortages Depress Manufacturing

Last month, many parts of the country were impacted by severe winter storms. Texas saw large sections of the state lose power, water, and effectively shut down as a result. Now, a new report by the Federal Reserve shows just what kind of impact these storms had on American manufacturing. According to the Federal Reserve, manufacturing production fell by 3.1% in February. Economists had ...

GM Believes Worst of Chip Shortage May Be Behind Them

Due to the recent semiconductor shortage, industries of every kind have been experiencing substantial delays in their manufacturing. Auto manufacturers, in particular, have been hit especially hard, with GM having to temporarily close down factories to ensure they had enough chips on hand. Despite these shortage-induced setbacks, GM executives believe that they may now be through the worst of ...

President Biden Orders Review of Supply Chain Weak Points

Since the COVID-19 pandemic began, supply chain security has become a pressing issue for manufacturers across the globe. Disruptions to supply chains, especially those based in China, were a major contributor to the production delays and setbacks experienced early in the pandemic. As new potential supply problems arise, the Biden administration has issued a directive to review American supply ...

Semiconductor Shortage Pressures Tech, Auto Manufacturing

The continuing Covid-19 pandemic has seen many industries shrink and retract in the wake of problems like supply chain disruptions, along with measures taken to help reduce the risk of spreading the virus among employees. However, both the automobile and tech sectors have managed to stay afloat, with the latter in particular doing increasingly well. Now, a shortage of key components is shaping up ...

Warehouse Modernization Sees New Future in Automation

Warehouses have always been a major component of the manufacturing process, and with the rise of ecommerce, their value has only increased. Orders are expected to be completed in just days or even hours rather than weeks, and the number of products which need to be managed have risen while the labor pool continues to shrink. However, the Covid-19 pandemic has caused ecommerce sales to rise to ...

Companies Will Continue to Move Supply Lines from China After Election, Experts Say

With the 2020 presidential election less than two weeks away, the economy and manufacturing have been important topics for both candidates. However, despite the difference they may have, experts like PwC Chairman Tim Ryan believes that one thing will remain the same: the shifting of supply lines out from China. Ryan noted that while it was President Trump’s trade war with China that drew ...

Order for U.S Durable-Goods Rose By 11.2% in July

Manufacturing all around the world has taken a hit due to Covid-19, and the U.S. is no exception. Many companies in the U.S. have been dealing with supply chain disruptions, factory closures, and a lack of demand due to the effects of Covid-19. However, new data shows that the manufacturing sector is starting to rebound. According to new information released by the Commerce Department, orders ...