{"id":6295,"date":"2020-09-10T07:39:59","date_gmt":"2020-09-10T07:39:59","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=6295"},"modified":"2020-09-10T07:49:49","modified_gmt":"2020-09-10T07:49:49","slug":"week-37-in-manufacturing-news-2","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/week-37-in-manufacturing-news-2\/","title":{"rendered":"Week 37 in Manufacturing News"},"content":{"rendered":"\n<p>The Pandemic has Revealed the Cracks in US Manufacturing: Here\u2019s how to fix&nbsp;Them; Why Reshoring U.S. Manufacturing Could Be The Wave Of The Future; Brexit: EU Remains Largest Market for UK Manufacturers; Australia Must Capitalise on Natural Advantages if Manufacturing is to Remain Viable.<\/p>\n\n\n\n<!--more-->\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/09\/Manufacturing-news-week37-mrpeasy-1024x683.jpg\" alt=\"\" class=\"wp-image-6296\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/09\/Manufacturing-news-week37-mrpeasy-1024x683.jpg 1024w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/09\/Manufacturing-news-week37-mrpeasy-300x200.jpg 300w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/09\/Manufacturing-news-week37-mrpeasy-768x512.jpg 768w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/09\/Manufacturing-news-week37-mrpeasy.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Pandemic has Revealed the Cracks in US Manufacturing: Here\u2019s How to Fix\u00a0Them<\/strong><\/h2>\n\n\n\n<p>The COVID-19 pandemic has revealed glaring deficiencies in the U.S. manufacturing sector\u2019s ability to provide necessary products \u2013 especially amidst a crisis. It\u2019s been five months since the nation declared a national emergency, yet&nbsp;<a rel=\"noreferrer noopener nofollow\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.theguardian.com\/us-news\/2020\/jul\/25\/california-coronavirus-testing-shortage-minority-low-income\" target=\"_blank\">shortages<\/a>&nbsp;of test kit components, pharmaceuticals, personal protective equipment and&nbsp;<a href=\"https:\/\/www.fda.gov\/medical-devices\/coronavirus-covid-19-and-medical-devices\/medical-device-shortages-during-covid-19-public-health-emergency#shortage\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\" (opens in a new tab)\">other critical medical supplies<\/a>&nbsp;persist.<\/p>\n\n\n\n<p>Globalization is at the heart of the problem. With heavy reliance on global supply chains and foreign producers, the pandemic has interrupted shipping of parts and materials to&nbsp;nearly 75% of U.S. companies.<\/p>\n\n\n\n<p>Source: <a rel=\"noreferrer noopener nofollow\" aria-label=\"The Conversation (opens in a new tab)\" href=\"https:\/\/theconversation.com\/the-pandemic-has-revealed-the-cracks-in-us-manufacturing-heres-how-to-fix-them-143407\" target=\"_blank\">The Conversation<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Reshoring U.S. Manufacturing Could Be The Wave Of The Future<\/h2>\n\n\n\n<p>Covid-19 has undoubtedly had the most acute impact on global manufacturing and supply chains in modern history. In the ensuing months and years, amid ongoing shortages of&nbsp;raw materials&nbsp;and&nbsp;<a rel=\"noreferrer noopener nofollow\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.accessdata.fda.gov\/scripts\/drugshortages\/default.cfm\" target=\"_blank\">lifesaving pharmaceuticals<\/a>, the U.S. will likely undergo significant shifts, not just in its policy, but in its fundamental business philosophy.&nbsp;<\/p>\n\n\n\n<p>Because the pandemic has been so monumentally disruptive, many countries, including the U.S., will need to recalibrate the delicate balance between onshoring and offshoring to maintain the autonomy needed to survive future crises while supporting a consumer-driven economy and&nbsp;sustainable resources.<\/p>\n\n\n\n<p>Source: <a rel=\"noreferrer noopener nofollow\" aria-label=\"Forbes (opens in a new tab)\" href=\"https:\/\/www.forbes.com\/sites\/forbesbusinesscouncil\/2020\/09\/09\/why-reshoring-us-manufacturing-could-be-the-wave-of-the-future\/#534952e43bfc\" target=\"_blank\">Forbes<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Brexit: EU Remains Largest Market for UK Manufacturers<\/h2>\n\n\n\n<p>The EU remains the largest market for UK manufacturers despite a 19% year-on-year jump in goods exported to the US.<\/p>\n\n\n\n<p>The UK Manufacturing Facts report released on Thursday reveals that the top six European markets account for a third of all British goods exports.<\/p>\n\n\n\n<p>The UK manufacturing export industry currently stands at \u00a3367bn ($477) with the US being the single largest importer of UK products. But seven of the top ten UK export markets are based in Europe including Germany, France and Ireland ranked in second to fourth place respectively.<\/p>\n\n\n\n<p>Source: <a rel=\"noreferrer noopener nofollow\" aria-label=\"Yahoo! finance (opens in a new tab)\" href=\"https:\/\/uk.finance.yahoo.com\/news\/eu-remains-largest-market-for-uk-manufacturers-230148020.html\" target=\"_blank\">Yahoo! finance<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Australia Must Capitalise on Natural Advantages if Manufacturing is to Remain Viable<\/h2>\n\n\n\n<p>Technology Editor at the Australian David Swan says the viability of Australian manufacturing hangs in the balance as sector leaders call on the government for certainty and a workable framework in the wake of COVID-19. <\/p>\n\n\n\n<p>&#8220;Australia\u2019s high cost labour base and small domestic market must be offset by the nation\u2019s natural advantages such as a strong university system and the development of knowledge into niche areas like deep tech, if manufacturing is to remain a globally competitive industry,&#8221; Mr Swan told Sky News.  <\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.skynews.com.au\/details\/_6189271246001\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\"Skynews (opens in a new tab)\">Skynews<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pandemic has Revealed the Cracks in US Manufacturing: Here\u2019s how to fix&nbsp;Them; Why Reshoring U.S. Manufacturing Could Be The Wave Of The Future; Brexit: EU Remains Largest Market for UK Manufacturers; Australia Must Capitalise on Natural Advantages if Manufacturing is to Remain Viable.<\/p>\n","protected":false},"author":1,"featured_media":6296,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56],"tags":[],"class_list":["post-6295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Week 37 in Manufacturing News - MRPeasy Manufacturing Software Blog<\/title>\n<meta name=\"description\" content=\"Manufacturing news week 37. 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