DIRS.INFO The most relevant business & tech news

☆ Biden to sign executive order on US port cybersecurity targeting Chinese-manufactured shipping cranes
▼ + stars: | 2024-02-21 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

An executive order to be signed by President Biden will bolster maritime cybersecurity by making sure all critical port infrastructure that is owned and operated adheres to international and industry recognized safety regulations. The Biden official said that the new Supply Chain Resilience Center, announced last November, will be included in efforts to enhance port security. In addition to the new rules and regulations, $20 billion will be used to strengthen U.S. port infrastructure through the Investing in America Agenda. These cranes have been a focus of debate among national security experts and port officials in recent years. Over the long term, senior Biden administration officials said they would like to invest in the onshoring of port crane manufacturing.

Persons: Biden Organizations: Coast Guard Cyber Command, Coast Guard, & Infrastructure Security Agency, CNBC, Biden, Chain Resilience, Shanghai Zhenhua Heavy Industries, Capitol, Port, Reshoring, American Association of Port Authorities Locations: U.S, China, Shanghai, Beijing, Capitol Hill, America, Japan, Austria, Finland, Germany, Nagoya

☆ Why 'Made in America' will make everything more expensive
▼ + stars: | 2023-10-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

While this could create American jobs, it could make a wide range of products more expensive. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But fewer made-in-China product labels will likely also mean higher prices for Americans at the checkout line. Given it's generally more expensive to manufacture goods in the US than China, shoppers could have to pay more for made-in-America items like clothes, toys, and furniture. That's because higher prices could make it more difficult for the Federal Reserve to cool inflation .

Persons: —, JPMorgan's, reshoring, Jerome Powell Organizations: Federal Reserve, Service, JPMorgan, Reshoring Initiative, Economic, of New Locations: China, America, Mexico, Ukraine, Israel, of New York

☆ Foreign investment is ramping up amid the reshoring boom. Here are UBS’s top under-the-radar plays
▼ + stars: | 2023-07-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Foreign direct investment is also picking up. That investment is on top of the reshoring boom that is already underway , as U.S. companies return operations back home, partly to ensure the safety of supply chains. More than 101,000 jobs were created by reshoring and foreign direct investment in the first quarter alone, up 11% year over year, according to the Reshoring Initiative . While Eaton is Snyder's top pick on the reshoring theme, he highlighted several other underappreciated names that stand to gain as well. Overall, auto reshoring announcements grew 30% in the second half of 2022 from the year prior, according to UBS.

Persons: Chris Snyder, UBS's Snyder, he's, Snyder, Eaton, Dave Regnery, Regnery, — CNBC's Michael Bloom Organizations: World Trade Organization, UBS, Reshoring, Keysight Technologies, U.S, Trane Technologies Locations: U.S, United States, China, reshoring, Taiwan, Asia

☆ Firms are bringing production back home because of the Ukraine war, China's slowdown — and TikTok
▼ + stars: | 2023-06-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +8 min

Earnings calls discuss 'reshoring'A number of banks noted mentions of the domestic manufacturing trend in U.S. earnings calls for the most recent quarter. And we have never … got the target right," McRaith told an audience at a supply chain conference organized by software company o9 Solutions in April. Bill McRaith Former chief supply chain officer, PVHMcRaith, a former chief supply chain officer at Tommy Hilfiger-owner PVH , said the apparel industry both over-orders and under-orders stock by about 20% to 25%. If we build an economy based on electrification and batteries, it's going to be really important to control our own supply chain. "If we build an economy based on electrification and batteries, it's going to be really important to control our own supply chain," he told CNBC's "Street Signs Asia" in April.

Persons: Luke Sharrett, Savita Subramanian, Ryan Grabinski, they're, Bill McRaith, McRaith, PVH, Tommy Hilfiger, we've, Shein, Jade Gao, it's, Keith Phillips, Joe Biden, CNBC's, Elon Musk, Phillips Organizations: European Union, Bloomberg, Getty, Bank of America, UBS, Securities, o9 Solutions, CNBC, AFP, U.S ., Reshoring, EV, U.S, EVs Locations: China, Ukraine, U.S, Europe, Brazil, Guangzhou, U.S . U.S, Corpus Christi , Texas, Tennessee, United States

☆ Mexican stocks are on fire this year. Here's what's driving the gains
▼ + stars: | 2023-03-12 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Closer supply chains to the U.S. are giving Mexican stocks a big boost to start the year. The iShares MSCI Mexico ETF (EWW) , which is made up of Mexican stocks, is performing even better — up 15.2%. EWW YTD mountain EWW in 2023 One key factor driving this early outperformance is "nearshoring," which refers to companies bringing supply chains closer to their home country. In this case, many U.S.-based companies are moving their supply chains to neighboring Mexico, which could lead to even more gains in Mexican stocks. Lippmann said the firm likes stocks directly helped by nearshoring trends, such as the real-estate firm Vesta and airport operator OMA .

☆ Reshoring is accelerating—These stocks should benefit as companies return to the U.S.
▼ + stars: | 2023-02-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Reshoring declarations are amping up, as more companies look to return operations to the United States from overseas. Corporate reshoring announcements jumped 17% in the fourth quarter compared with the prior quarter and are now tracking nearly 300% higher than the fourth quarter of 2021, according to UBS. In fact, reshoring and foreign direct investments jobs reached a record of at least 360,000 jobs last year, according to the Reshoring Initiative. The move back to the U.S . can also be seen in corporate earnings, said Ron Graziano, managing director of global accounting and tax for Credit Suisse. The company's equipment is needed for big semiconductor manufacturing plants as companies test chips as they are produced, Snyder said.

☆ ‘The reshoring craze is real’ — These companies should benefit, experts say
▼ + stars: | 2022-12-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

A lot has been said about reshoring, as companies look to bring manufacturing back to their home countries, particularly the U.S. Reshoring is essentially companies returning operations to their original country from overseas. "The reshoring craze is real, especially as you continue to hear more and more about this general theme of deglobalization," he said. "They sell into the construction of the factory, they sell into the equipment of the factory, the automation of the factory." The company's equipment is needed for big semiconductor manufacturing plants as companies test chips as they are produced, Snyder said.

☆ U.S. companies are reshoring at a rapid pace. Here's how to play the trend
▼ + stars: | 2022-08-27 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

The reshoring trend – or companies shifting parts of their manufacturing and supply chains to different countries – has boomed over the last decade. In 2022, reshoring and foreign direct investment jobs announced coming back to the U.S. is on pace hit a record high of 348,493, according to data from the Reshoring Initiative. The trend also includes companies moving parts of their supply chains or manufacturing to different countries abroad. Investing the trend There are a few ways to play the reshoring trend as it continues to unfold. Analysts covering the space generally recommend picking up stocks in companies that stand to benefit from the trend, as opposed to companies in the reshoring process.

Search resuls for: "Reshoring Initiative"

8 mentions found