From an increased interest in wellness to growing concerns over the planet’s wellbeing, consumers’ habits are changing, and that includes a shift in the beverages they choose. Shoppers are paying more attention to drink labels, packaging, and the stories behind the drinks they consume. Manufacturers have taken note of these trends and adjusted accordingly, both…
Japan Manufacturers’ Mood Falls to 5-Month Low in September: Poll
TOKYO—Japanese manufacturers’ confidence worsened to a five-month low in September as the fallout from the latest wave of COVID-19 put fresh pressure on the world’s third-largest economy, the Reuters Tankan poll showed. Sentiment among manufacturers fell as export-reliant firms such as carmakers suffered from a global chip shortage, according to the monthly poll, which tracks…
How Manufacturers Are Modifying Processes to Conserve Water
The appeal for green is growing: among Americans, 77 percent say they are concerned about the environmental impact of the products they buy, according to a 2021 study from GreenPrint, an environmental technology company. In addition, nearly eight in ten consumers indicate sustainability is important for them, and more than 70 percent would pay an…
Reshoring: What Companies Consider for Moving Production to US
From the onset of the pandemic to fluctuations in cost and efficiencies, a growing number of companies have been thinking about bringing their overseas operations closer to home. Among North American manufacturers, 83 percent state they are likely or extremely likely to reshore, according to the “2021 State of North American Manufacturing Annual Report” by…
UK Manufacturers Hit by Record Stock Shortages as Industry Growth Slows
UK manufacturers saw output growth for the past three months ease back from record highs as firms saw stock shortages strike record levels. The latest monthly industrial trends survey by the Confederation for British Industry (CBI) said activity was “strong” as order books remained “firm.” The survey of 262 major manufacturers found that output increased…
China’s Guangdong Orders Factories Cut Power Use as Hot Weather Strains Grid
BEIJING—Several cities in China’s southern province Guangdong, a major manufacturing hub, have asked the industry to curb power use by suspending operations for hours or even days as high factory use combined with hot weather strain the region’s power system. The power restrictions are a double-whammy for manufacturers who have already been forced to lower…
Goodyear Acquires Cooper in All-American Tire Deal
Two of the biggest remaining American tire companies are joining forces. Goodyear Tire & Rubber Co. is acquiring Cooper in a deal with an equity value of $2.8 billion that will combine the two century-old Ohio manufacturers. Cooper, founded in 1914, is the 5th largest tire maker in North America based on revenue. The company…
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