Continued job losses and lost business can be expected if the Section 232 tariffs on steel and aluminum are allowed to continue, according to a manufacturing coalition.
The U.S. manufacturing industry continued to rebound in December 2020 with cutting tool consumption up 4% over November and the Manufacturing Purchasing Manager's Index expanding from 57.5 in November to 60.5 in December.
National Association of Manufacturers President Jay Timmons issues statement slamming rioters who "stormed the U.S. Capitol (yesterday), attacking police officers and first responders because Trump refused to accept defeat in a free and fair election."
As the overall U.S. manufacturing industry continued to rebound in November 2020, the cutting tool sector found itself on the downside of an economic rollercoaster. That said, optimism for the year ahead continues to grow.
Making investments to facilitate operational improvements—and financing those investments in a way that preserves cash flow—will be critical to sustainable growth. Here is what manufacturers should consider to make the most of this opportunity when it comes to achieving value from waste streams.
Despite COVID, reshoring is up in 2020 and by year’s end total numbers should top more than a million jobs coming back to the U.S. in the last decade, according to a new report from the Reshoring Initiative.