Weekly Wrap Up For February 19th, 2021

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Norbert Ore, Director of Industry Surveys for Strategas Securities, LLC, discusses the strengthening of manufacturing in the U.S., EU, and Asia, and the near pre-Covid levels of production and expansion.

General MotorsGM to Invest $100 Million in Two U.S. Plants

In the automotive industry, it appears that transmissions have become a popular area for investments. Last week, ZF announced their plans to invest $200 million in North America for the production of their PowerLine transmissions. Now, GM has also announced plans to invest $100 million in two of their U.S. plants to boost transmission production. (Read More)

United States CapitolHouse Panel Approves $42.5 Billion in Assistance for Transportation

While the impact of the Covid-19 pandemic is being felt in many different sectors, the transportation sector is one that has been hit the hardest. Due to concerns over the virus, many Americans have been limiting their travel, which means less business and fewer projects being completed. In an effort to provide assistance, a House of Representatives committee has voted to approve new relief funding. (Read More)

Today, Fiona Delaney is a champion for supply chain traceability in the agricultural world – but she started on a different path.  Growing up in Dublin she pursued a career as an artist – producing and directing films including reality television and a local hit version of “The Voice”.

In her early thirties, Fiona found herself wanting a different challenge. She returned to school and studied computer science and software development.  During this time, Fiona even developed an open-innovation model to help people implement blockchain in their systems.

However, it was Fiona’s love for agriculture – particularly sustainability and authenticity that led her to found Origin Chain Networks.  Traceability is so critical today – knowing where a product originated – the materials/ingredients that went into it – and the path it took through the supply chain. Companies are facing increased regulations to avoid (and act quickly to isolate potential problems) contamination in the food chain.

Pursuing her dream to create accountability in the food chain, Fiona is making it possible for organic and sustainable farmers to have an easy way to enjoy “farm to fork” traceability for their products using her “Authenteer Platform”. She is starting with food and fisheries with an eye toward more industries Fiona believes would benefit from a “single source of truth.”