General Motors has begun constructing a factory near Lordstown, Ohio, that will manufacture Ultium battery cells and packs as a key part of the company's electric vehicle strategy. The facility, which will cover nearly 3 million square feet, could make up to 30 gigawatt hours of capacity annually.
Semiconductor manufacturers are turning to materials with greater purity to reduce the number of defective parts in customer shipments, this analysis notes. Brewer Science's Tom Brown says, "We're trying to figure out next how to get to parts per quadrillion."
Additive manufacturing is moving closer to mass production in automotive plants, with Volkswagen crash-testing 3D-printed body parts and hoping to use such parts in cars by 2023. 3D printing is already proving useful for auto racing, where powdered materials allow for superalloy creation in ways that weren't possible, says Brad Keselowski, NASCAR driver and Keselowski Advanced Manufacturing owner.
Organic sales at Procter & Gamble rose 6% for the second quarter with revenue, net sales and earnings per share exceeding analyst expectations. P&G also projects organic revenue growth for the 2021 fiscal year of 2% to 4%.
A new ransomware strain called VHD targets large companies from which hackers can demand huge ransoms and has been linked to North Korea, which routinely engages in cybercrime to finance weapons programs. Researchers at Kaspersky Lab say VHD is better coded than the notorious WannaCry ransomware, which spread worldwide three years ago and also has been linked with North Korea.
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Several industry sectors rely on contract manufacturing for different reasons, with few realizing the full potential, according to Kearney Global Business Policy Council research. "End-to-end operations improvements associated with a contract manufacturing transformation effort can bring a 10% to 25% reduction in total landed costs," write Arun Kochar and Jesse Chafin of Kearney.
Buyers and suppliers that collaborate to correct supply-chain weaknesses exposed by COVID-19 can boost resilience, efficiency and racial equity, writes Kweilin Ellingrud, a senior partner at McKinsey. "Supplier diversity can enhance a company's supplier network and support local economic development," Ellingrud writes.
There is a shortage of skilled talent in the trade fields, such as medicine, pest control and HVAC, writes Danielle Putnam, president of The New Flat Rate. Putnam says hiring women can help fill this labor gap and suggests employers overhaul their messaging, so it's inviting and grabs the attention of female candidates.
This week, Senate GOP leadership introduced a series of coronavirus recovery bills that add up to their proposed counteroffer to the House-passed HEROES Act. The new bills include the SAFE TO WORK Act, introduced by Senator Cornyn and Majority Leader McConnell, which lays out a clear regime for liability protections that mirrors recommendations the NAM published back in April. You can find an NAM breakdown on the broader set of proposals here.