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Multiple Supply Chain Risks Accelerate Reshoring

Gary Mintchell

Supply chain problems even before the pandemic were causing a rethinking of that latter strategy. In 2021, the private and federal push for domestic supply of essential goods propelled reshoring and foreign direct investment (FDI) job announcements to a record high. The Reshoring Initiative has compiled some latest numbers.

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CV manufacturing bounces back in best April since 2010

SMMT

to 10,504 units in April, marking the month’s best performance since 2010 and an uplift after two months of successive decline. In a sign that recent supply chain shortages are easing, production ramped up to deliver the best-performing April since 2010. CV production grows 33.3% Export demand soars, rising 56.3%

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CV manufacturing records best year to date since 2010 despite April fall

SMMT

lead in first four months – the best year to date performance since 2010. April’s decline reflects some temporary supply chain shortages and normalisation of the market following high levels of pent-up demand post-Covid. UK CV manufacturing declines -19.9% to 8,413 units in April but maintains 13.6% on the same period last year.

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Commercial vehicle production at 14-year high despite August decline

SMMT

to 78,805 units marking best year-to-date performance since 2010. on 2023 and the best performance in 14 years despite supply chain disruptions throughout the year. Output for export declines by marginal -0.2%, while domestic demand drops by -21.3%. In first eight months, production grows by 5.8% to 26,416 units.

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CSIRO awarded Boeing’s Supplier of the Year

Manufacturer's Monthly

Boeing , the world’s largest aerospace company, has named CSIRO , Australia’s national science agency, a Supplier of the Year for the fifth time since 2010. CSIRO was previously named a Boeing Supplier of the Year in 2018, 2017, 2016 and 2010. Learn more about CSIRO’s thriving collaboration with Boeing.

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MC Machinery Announces General Manager Promotions

Modern Machine Shop

In his new position, Howard manages a staff of 22 and his responsibilities include international supply chain management, compliance, inventory management and more. In 2010, the EDM Consumables Group evolved into the Consumable Products Group (CPG) when laser consumables were added.

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Best November for CV production since 2007

SMMT

to 111,863 units, the best for the January-November period since 2010, in part due to new production facilities coming on stream and the ability of manufacturers to put supply chain challenges behind them. As a result, British CV production year-to-date is up 15.5%