Samsung intends to begin construction next year on a $17 billion semiconductor factory near Austin, Texas. The plant, which Gov. Greg Abbott says is the largest direct international investment in Texas, could help combat a chip shortage by anchoring domestic production.
Orders for core capital goods orders increased 0.6% in October from September, although overall durable goods orders declined by 0.5%, the Commerce Department reports. Motor vehicle orders rose by 4.8%, but transportation equipment and civilian aircraft declined.
The pandemic has put pressure on industrial companies to develop leaders who embrace change and agility, among other traits. Without agility, "you will be fighting for what we've done in the past versus trying to leverage your strengths to navigate where we need to go," Kristin Trecker, chief HR officer at Visteon.
Arc, a startup that manufactures electric boats, raised $30 million in a funding round led by former Tesla executive Greg Reichow. With the new capital the company will focus on building its first model, a 25-foot aluminum boat that can operate for three to five hours without recharging.
Shoptalk Returns to Vegas This March! Shoptalk brings together 8,000+ professionals from the biggest brands like e.l.f. Beauty, Maui Jim, Olaplex & more. Qualified retailers and brands can attend for free! Get your pass now.
A nation-state advanced persistent threat group is targeting biomanufacturing firms with sophisticated Tardigrade malware attacks, the Bioeconomy Information Sharing and Analysis Center reports. While the APT group's main goal is cyberespionage, Tardigrade has also caused system disruptions and data destruction.
What drives shopper decisions? For brands to open up new ways to drive incrementality, they need to understand who their shoppers are today, and who they could be tomorrow. Join MikMak and LiveRamp as we explore the importance of consumer identity and the power of coupling data with eCommerce insights. Register here.
Manufacturers that are facing a supply-chain crunch can learn from the world's energy industry, which uses local sources, transportation capacity and fuel diversity to meet demand and ensure resiliency, writes Michael Webber, the Josey Centennial Professor of Energy Resources at the University of Texas in Austin. "This 'think global, act local' mindset has begun to be transformative for the energy sector by facilitating the growth of distributed renewables while reducing risk to supply-chain disruptions," Webber writes.
Food storage maker Tupperware plans to idle some plants while it works through an inventory backlog, says Sandra Harris, the company's finance and operations chief. The company will also consider price increases.
Reducing energy consumption by data centers and semiconductors is a key element to achieving decarbonization, writes Frank Schirrmeister of Cadence Design Systems. "Our ecosystem will have to stay as creative as it has been to optimize energy consumption even further, and experience in computational software and intelligent system design will be critical," Schirrmeister concludes.
Manufacturers like you have faced some of the steepest health challenges throughout the COVID-19 pandemic. For companies, absenteeism is higher than it's been in the last 20 years and attracting and retaining top talent is increasingly difficult. Join Jami Doucette, MD, MBA, CSCS, the president of Premise Health, to discuss how a combination of in-person and digital access points can provide your population with the highest-quality care, best experience, and greatest outcomes - all while lowering overall healthcare costs. Come learn how the world's leading organizations are investing in the health of their people. Join us on Thursday, Dec. 2, at 2 p.m. ET. Learn more and register here.