While Australian manufacturing has bounced back due to easing COVID-19 restrictions, the recovery faces another major hurdle, labour and material shortages on a scale not seen in almost 50 years. An Australian Chamber Of Commerce And Industry (ACCI)—Westpac survey (pdf) revealed that business conditions modestly improved in the early stages of 2022 despite supply chain…
Supply Chain Pressures Affect Australian Manufacturers Steady Recovery
March 15, 2022
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Biden Announces New Rules for Federal Purchases to be Considered ‘Made in America’
President Joe Biden announced Friday changes to the requirements for products purchased by the federal government to be considered “made in America.” The change to the 1978 Buy American Act will gradually increase the percentage of a product’s components required to be manufactured domestically in order to receive a “made in America” designation. Under the…
US Manufacturing Activity Regains Speed; Supply Disruptions Loom From Russia-Ukraine Conflict
WASHINGTON—U.S. manufacturing activity picked up more than expected in February as COVID-19 infections subsided, though hiring at factories slowed, contributing to keeping supply chains snarled and prices for inputs high. The Institute for Supply Management (ISM) said on Tuesday the outlook for manufacturing over the next two months was favorable, noting that backlog orders last…
US Manufacturing Output Rises Moderately in January
February 18, 2022
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WASHINGTON—Production at U.S. factories increased moderately in January as motor vehicle output fell for a second straight month amid an ongoing global shortage of semiconductors. Manufacturing output gained 0.2 percent last month after dipping 0.1 percent in December, the Federal Reserve said on Wednesday. Economists polled by Reuters had forecast factory production rebounding 0.3 percent….
Tesla Locks in Lithium Megadeal from Australia Amid Global Shortfall
February 17, 2022
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Tesla has inked a five-year agreement to secure a significant stock of lithium from Australia as competition for global supplies sends prices of the mineral skyrocketing. Liontown Resources plans to commence production in 2024 at its flagship Kathleen Valley lithium project in Western Australia, where it will supply Tesla with 100,000 tonnes of lithium concentrate…
Australia Rolls out Its First Locally Made Electric Buses
The New South Wales (NSW) government has invested $70 million (US$50 million) in an Australian manufacturer to design and build new electric buses locally in Sydney, helping it to make every possible component of the electric bus Australian-made. The bus and coach manufacturer Custom Denning said that it is the first top to bottom Australian designed…
Western Australia to See $2B Urea Manufacturing Facilities Amid Global Shortage
Western Australia (WA) is set to host two separate billion-dollar urea manufacturing projects that will sever Australia’s dependence on imports amid global supply chain chaos. Australia relies almost entirely on imports of urea to sustain its agricultural and trucking industry, with the ingredient used in the production of fertiliser, along with being the primary ingredient…
Eurozone Factory Growth Accelerated in January as Bottlenecks Eased: PMI
LONDON—Eurozone manufacturing activity accelerated last month as supply chain bottlenecks eased, although the improvement was not evenly spread across member countries and factories still faced high inflationary pressures, a survey showed on Tuesday. IHS Markit’s final manufacturing Purchasing Managers’ Index (PMI) rose to a five-month high of 58.7 in January from December’s 58.0, below an…
China Manufacturing Activity Grows at Slower Pace in January
BEIJING—Manufacturing activity in China grew at a slower pace in January compared to the previous month, according to an official measure, as the Chinese regime’s strict “zero-tolerance” COVID-19 measures put a dampener on economic activity. The purchasing manager’s index (PMI), tracked by China’s National Bureau of Statistics (NBS), slipped to 50.1 from 50.3 in December,…
Amazon Workers Embracing Great Resignation; Biz Activity Growth Slows to 18-Month Low | NTD Business
Business growth in the U.S. slowing down, thanks to the omicron variant, supply chain bottlenecks not helping either, we talk to a manufacturer and see how they are managing. Peloton suffering another PR crisis, what happened, and why is one investor calling on the company to fire its CEO? Amazon reportedly facing a worker crisis,…
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