January 13, 2022
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Trends & Technology
Nucor will spend $2.7 billion to build a steel mill in West Virginia that will open in 2024 with 800 manufacturing employees. Nucor is receiving state tax incentives for the mill, which could produce up to 3 million tons annually.
Full Story: West Virginia Public Broadcasting (1/12),  The Associated Press (1/12) 
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The consumer price index in December rose by 0.5% from a month earlier despite a 0.4% decline in energy prices, with the CPI up 7% from December 2020, according to the Labor Department. Excluding food and energy prices, inflation rose 0.6% for the month and 5.5% for the year.
Full Story: CNBC (1/12),  The Associated Press (1/12) 
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Ultra Safe Nuclear Corporation has licensed a 3D printing technique that will allow it to more efficiently produce complex components for advanced nuclear reactor designs using refractory materials. "This is the holy grail of additive, that you can do things faster, that are in geometries that were previously very difficult or impossible with conventional manufacturing methods," said USNC Executive Vice President Kurt Terrani.
Full Story: 3D Printing Industry (UK) (1/12) 
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Cybersecurity
US security agencies and cybersecurity executives are warning of Russian-sponsored activity targeting critical infrastructure and manufacturers. Email phishing and password targeting are among the low-level techniques used by such attacks, says Erich Kron, security awareness advocate at KnowBe4.
Full Story: IndustryWeek (1/12) 
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Supply Chain
Digital strategies such as demand sensing and connected facilities are key to increasing end-to-end visibility for supply chains, enabling businesses to identify risks quickly and make supply chains more resilient, according to Shane Azzi, senior vice president and chief supply chain officer at Kimberly-Clark. "We must be able to see emerging risks further upstream and downstream than ever before," said Azzi.
Full Story: McKinsey (1/12) 
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In the era of Industry 4.0, third-party suppliers should no longer be viewed as vendors but as manufacturing team members with a shared mission, writes Evan Sloss of iBASEt. Supplier Quality Management systems facilitate this collaboration and can improve compliance, problem resolution, testing and product debuts, among other areas, Sloss writes.
Full Story: Manufacturing Global (1/7) 
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Flight cancellations due to bad weather and limited staff have complicated freight-forwarding operations and resulted in delayed shipments for everything from clothing to pharmaceuticals and electronics. "The pressures of labor shortages and constraints across the logistics system unexpectedly resulted in lost growth opportunities," said Willie Walsh, director general of the International Air Transport Association.
Full Story: BNN Bloomberg (Canada) (1/11),  The Wall Street Journal (1/11) 
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Workforce of Tomorrow
The culture that Webasto Americas put into place before the pandemic has helped the company use its values to guide its engagement with employees, recruiting, retention and other work policies. "In some format -- whether it's with another colleague or a plant director or a VP -- it's important to get people back together to provide feedback, to ask questions, to be heard, to have that voice," says Chief HR Officer Casey Stowell.
Full Story: Chief Executive (1/13) 
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NAM News
Global Economic Report
(NAM)
Supply chain constraints showed some signs of slight progress, even with still-significant challenges. Input and output prices decelerated for the second consecutive month from the record growth rates seen in October, but with each measure remaining highly elevated. Looking at trends over the past six months, the J.P. Morgan Global Manufacturing PMI declined from 55.4 in July to 54.2 in December. Canada, China and Japan were the only markets among the top 9 that had better manufacturing PMI readings in December than in July. (See the candlestick chart below.) Of note, the IHS Markit U.S. Manufacturing PMI decelerated from a record 63.4 in July to 57.7 in December -- a still healthy reading despite easing on supply chain, workforce and pricing concerns. Read more.
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