Lordstown Motors this week introduced its planned electric pickup truck for commercial use, the Endurance, and has a $40 million loan from General Motors as it seeks to raise $450 million. The Endurance is designed with in-wheel motors, which would be a first in a pickup truck.
Southern California is still home to some thriving apparel manufacturers that have survived in part by being able to switch gears quickly to meet changing consumer trends. That flexibility allowed companies like T-shirt maker AST Sportswear and Los Angeles Apparel to seamlessly switch to making masks and other personal protective equipment during the pandemic.
US automakers have restored most production for pickup trucks and SUVs, even as widespread unemployment and hard times for rental-car companies could hamper sales the rest of 2020. "The government put a lot of money into the market, and now people are spending money on cars," says Pete DeLongchamps of the Group 1 Automotive dealership group.
Procter & Gamble is working to make a tangible difference internally and in society as a whole by following a racial equality road map, said Chief Brand Officer Marc Pritchard. He says the company can make systemic changes by demanding a diverse creative supply chain, increasing its investment in Black-owned or Black-operated agencies and marketing suppliers, and ensuring it accurately and respectfully portrays all people.
The coronavirus pandemic has disrupted supply chains but also served to highlight weak points that can be addressed with technology, Brielle Jaekel writes. Solutions include robotics, sensor-enabled extensions of the internet of things and artificial intelligence to analyze collected data.
The coronavirus pandemic, rising tariffs and Brexit have led 33% of businesses with global supply chains to move or make plans to move sourcing and manufacturing away from China, according to a Gartner survey. Companies say that shifting sourcing to countries such as Vietnam, India and Mexico helps save on tariff costs and enhances agility and resilience, but 58% of respondents say it's also led to more structural costs.
The offshore wind industry emerging off the East Coast is the starting point for developing a US wind industry to rival projects in China, in terms of scale, says Edward Krapels of Anbaric. An installed offshore wind capacity of 30 gigawatts is needed to further scale the US' wind manufacturing sector, and would result in 83,000 additional jobs, he says, citing an American Wind Energy Association report.
People who complete a two-week boot camp organized by Tampa Bay Works and training agency AmSkills in Odessa, Fla., will land job interviews with area manufacturers. "When things start to get better and they hire even more people, it puts you on the short path to getting hired," says Tampa Bay Works Executive Director Byron Clayton.