On Wednesday, the department's International Trade Administration, which has conducted an investigation into the "dumping" of steel products into U.S. markets, said it had found the "dumping of imports of corrosive-resistant steel (CORE) products from China, India, Italy, Korea and Taiwan" by various steel producers that it named within those countries.
Manufacturing may be facing some headwinds, but it’s undeniably in the midst of a technological renaissance that is transforming the look, systems, and processes of the modern factory. Despite the risks -- and despite recent history -- industrial manufacturing companies cannot afford to ignore these advances. By embracing them now, they can improve productivity in their own plants, compete against rivals, and maintain an edge with customers who are seeking their own gains from innovation.
“Today, high-speed Internet is the backbone for 21st century economic growth in the digital economy,” said Rick Boucher, a former Democratic congressman who chaired the Energy and Commerce Subcommittee on Communications and the Internet and now serves as honorary chairman of the IIA. “Unnecessary price regulation in competitive broadband markets will have far-reaching negative impacts on U.S. economic growth and development.
A robust and innovative start-up sector is key to sustainable economic growth. For innovation to occur, however, enterprises must have both the incentive and the capacity to invest. Incentives are multi-faceted and heavily reliant on the overall investment climate. Capacity depends on the education level of employees and management, their experience in rapid adaptation of products and processes, and their access to funds for R&D and commercialization.
The United States steel industry is experiencing the greatest crisis in its history due to record import surges and cheap steel that is flooding global markets from Chinese state-owned and subsidized companies. The result is a steep loss of U.S. production capacity along with thousands of jobs. The impact, as described using the terms by those in the industry, has been "devastating" with long-term "severe" economic consequences for the United States.
When it comes to the explosion of opioid abuse in the U.S., large employers are footing a big chunk of the bill. Nearly one-third of painkiller prescriptions funded by employer plans are being abused, according to a new report from benefits firm Castlight.
The United States is expected to be the most competitive manufacturing nation, moving China into the number two position by 2020, according to the 2016 Global Manufacturing Competitiveness Index report from Deloitte Touche Tohmatsu Limited (Deloitte Global) and the Council on Competitiveness (Council). The rankings also reveal a shift among the world’s traditional manufacturing powerhouses due to the Asia Pacific region’s rising influence and declining strength in European and BRIC countries (Brazil, Russia, India and China).
The core of our claim is that the convergence of enormous and continuous advances in computing power, the Internet of Things, broadband speeds, cloud computing, mobile applications, artificial intelligence, robotics and nanotechnology inevitably will unleash a broad range of new, disruptive products and services that none of us can foresee now.
While there are certainly differences between the heavy equipment and manufacturing industries, there are similarities between the natures of the skills gap affecting their workforces. These connections between the experiences provide a broader context for the challenges facing businesses due to the shortage of technical workers.