The U.S. manufacturing sector has been grappling with significant challenges in recent months, with many pointing to rising costs and economic uncertainties driven by tariffs. Data from the Institute for Supply Management (ISM) in March showcased a contraction in manufacturing output and
The manufacturing sector is experiencing a monumental transformation driven by the rise of digital factories. These advanced facilities leverage digitalization and automation technologies to enhance continuous data flows, providing invaluable insights into every facet of the product and production
In an unexpected move, President Donald J. Trump's administration has proposed the repeal of the US CHIPS and Science Act, a significant shift from federal subsidies to increased tariffs on foreign imports. This policy change is poised to bring about major implications for the Philippine
In a strategic move to challenge Tesla's stronghold in the electric vehicle (EV) market, Chinese automaker BYD is considering building a new production plant in Europe. The company recently raised an impressive 5,335 million euros in capital expansion on the Hong Kong Stock Exchange. Experts
Fargo, North Dakota, is gearing up for a significant boost in its economic landscape, thanks to the announcement of Border States' first regional distribution center set to open in the fall of 2026. This ambitious project marks a milestone for the company and the region, with the
US manufacturing activity in February inched closer to stagnation despite the inflation in material prices reaching its highest level since mid-2022. Recent data from the Institute for Supply Management (ISM) indicates a slight decline in the manufacturing index, suggesting that while growth
