Procurement: Page 2
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Courtesy of Ferrero
Ferrero invests in hazelnut sourcing as it grows US production
The company awarded a total of $350,000 to Oregon State University and Rutgers University to increase collaboration with local farmers, producers and distributors.
By Kelly Stroh • Dec. 2, 2024 -
Rodrigo Garrido/Reuters
Trump taps Jamieson Greer as USTR
The international trade lawyer would lead the agency as the new administration embarks on an aggressive tariff agenda against China and other countries.
By Kate Magill • Nov. 27, 2024 -
Provided by Rivian
Rivian locks in 5-year battery deal with LG Energy Solution
The U.S.-based battery production will help Rivian meet Inflation Reduction Act standards, positioning the R2 to qualify for EV tax credits.
By Larry Avila • Nov. 21, 2024 -
Courtesy of Yeti Holdings, Inc.
Yeti, e.l.f. Beauty and others prep supply chains for Trump tariffs
Some businesses are planning more production outside of China or mulling price increases. Others are maintaining the status quo.
By Max Garland • Nov. 18, 2024 -
Alessandro Biascioli via Getty Images
Chefs, food manufacturers embrace Gen Z-driven ‘chaos cuisine’
The age cohort currently in their teens and early twenties are interested in international flavor profiles, driving producers to create experimental dishes and products.
By Chris Casey • Nov. 12, 2024 -
Anna Moneymaker/Staff via Getty Images
Trump’s tariffs: How manufacturers can prepare
Frontloading commodity imports could be a temporary solution, but diversified sourcing will be critical long term, experts say.
By Kate Magill • Nov. 12, 2024 -
Courtesy of Stanley Black & Decker.
Tariff hikes could be coming. Stanley Black & Decker says it’s ready.
The toolmaker has been formulating a mitigation strategy since the spring, with the company planning to shift production away from China.
By Kelly Stroh • Nov. 11, 2024 -
Alex Wong via Getty Images
Election 2024 and manufacturing: a look back
As voters head to the polls, here’s a review of how Donald Trump and Kamala Harris view the future of U.S. manufacturing.
By Kate Magill • Nov. 5, 2024 -
Stephen Brashear via Getty Images
Production down ahead of presidential election: PMI
Demand rose slightly during the month as manufacturers hope for a rebound next year.
By Kate Magill • Nov. 1, 2024 -
Courtesy of General Dynamics
General Dynamics Q3 aircraft deliveries hampered by supplier issue
The aerospace company said G700 deliveries fell far short of expectations last quarter due to component exchanges and late engine shipments.
By Kelly Stroh • Oct. 31, 2024 -
Scott Olson via Getty Images
Candy makers using less chocolate this Halloween amid record cocoa prices: Wells Fargo
Hershey and other big chocolate producers are turning to gummies and other candy to offset supply issues with the crop.
By Chris Casey • Oct. 29, 2024 -
Scott Olson via Getty Images
Unwrapping Hershey’s $250M manufacturing upgrade
The chocolate maker’s Advancing Agility and Automation Initiative leans on digitization to boost visibility and optimize operations and procurement.
By Shefali Kapadia • Oct. 28, 2024 -
Mario Tama/Getty Images via Getty Images
Final IRS guidance for semiconductor tax credit includes solar ingot and wafer manufacturing
“The White House is wisely addressing the fact that the overwhelming majority of solar panels manufactured in the world are done so by companies in China,” said Danny O’Brien, president of corporate affairs at Qcells.
By Diana DiGangi • Oct. 25, 2024 -
Courtesy of Rizo-López Foods Inc.
Rizo Lopez Foods barred from manufacturing after listeria outbreak investigation
The injunction stems from the Food and Drug Administration’s probe into a multi-year, multi-state outbreak of infections linked to the company.
By Joelle Anselmo • Oct. 22, 2024 -
luza studios via Getty Images
Potential AI needs could threaten chip shortages
Bain & Company expects artificial intelligence workloads to dramatically grow through 2027, accelerating graphics processing unit and upstream component consumption.
By Matt Ashare • Oct. 22, 2024 -
Courtesy of Ford Motor Co.
Ford inks battery supply deal with LG Energy Solution
Under the agreement, Ford will move the Mustang Mach-E battery production from Poland to Michigan to remain eligible for the Inflation Reduction Act tax credit.
By Eric Walz • Oct. 22, 2024 -
Courtesy of Lithium Americas
GM invests $625M in lithium production capacity
The automaker is partnering with Lithium Americas to develop the Thacker Pass Mine in Nevada, where GM agreed to buy up to 100% of lithium produced for 20 years.
By Kate Magill • Oct. 18, 2024 -
Kevin Dietsch via Getty Images
Biden-Harris administration opens tariff exclusion process for some manufacturers
Solar manufacturers are among those set to benefit from the exclusions from upcoming Section 301 tariff hikes.
By Kate Magill • Oct. 17, 2024 -
Anna Moneymaker via Getty Images
The ILA strike is over. What should shippers do now?
While the strike was short-lived, it could take weeks to clear port congestion, affecting inventory replenishment ahead of the holiday season.
By Alejandra Carranza • Oct. 14, 2024 -
Justin Sullivan via Getty Images
McDonald’s sues Tyson, JBS and other beef producers for allegedly fixing prices
The fast food giant, which is the world’s largest buyer of beef, alleges major meat companies conducted illegal acts to drive down supplies.
By Nathan Owens • Oct. 14, 2024 -
Retrieved from Aerial Lens on October 04, 2024
Baxter unsure when North Carolina facility hit by Hurricane Helene will be operational
The drugmaker has implemented supply allocation strategies, while noting “there are many components to the recovery process.”
By Ricky Zipp • Oct. 7, 2024 -
Joe Raedle via Getty Images
Layoffs mount amid low manufacturing demand: September PMI
The presidential election, an East Coast port strike and the impact of Hurricane Helene are creating a flurry of challenges for manufacturers this fall.
By Kate Magill • Oct. 1, 2024 -
Kevin Frayer via Getty Images
US needs to vertically integrate solar to fight China’s dominance: experts
In 2023, China produced over 85% of the world’s modules, cells, wafers and polysilicon, according to a fellow at the conference.
By Diana DiGangi • Sept. 30, 2024 -
Spencer Platt via Getty Images
Days of a port strike could mean weeks of manufacturing delays
Chemical and pharmaceutical manufacturers could be among the hit hardest, with companies at risk of running out of raw materials within two to six weeks.
By Kate Magill • Sept. 30, 2024 -
Courtesy of Zekelman Industries
Wheatland Tube to shutter steel plant, lay off 237 workers
The steelmaker says the Biden-Harris administration failed to enforce tariffs on Mexican steel imports, forcing it to close the Chicago plant.
By Joelle Anselmo • Sept. 26, 2024
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