POPULARITY
29 episodes with reshoring
4 episodes with reshoring
5 episodes with reshoring
6 episodes with reshoring
5 episodes with reshoring
4 episodes with reshoring
5 episodes with reshoring
5 episodes with reshoring
4 episodes with reshoring
To discuss, we have Farrell Gregory, a researcher at the Foundation for American Innovation and winner of ChinaTalk's Economic Security essay competition, and Joris Teer, a policy analyst at the EU Institute for Security Studies who authored Beijing's critical raw material weapon – and how to dismantle it. Co-hosting is ChinaTalk's Aqib Zakaria. Our conversation covers... China's critical mineral weapon — How Beijing turned its dominance over rare earths into a tool of economic coercion and why the West is struggling to respond. 25 minerals that actually matter — Why policymakers should focus on the specific materials China can weaponize rather than spreading resources across broad critical mineral lists. Why subsidies alone won't fix the problem — How China's industrial policy, overcapacity, and ability to flood markets make it nearly impossible for Western supply chains to compete without coordinated action. Reshoring the industrial base — The tradeoffs behind rebuilding domestic capacity: higher end-product costs, environmental NIMBYism, skilled labor shortages, and the need for deeper US-European cooperation. The next resource race — How defense, AI, robotics, and energy demand are intensifying competition for critical materials and what the future of allied industrial power might look like. Learn more about your ad choices. Visit megaphone.fm/adchoices
To discuss, we have Farrell Gregory, a researcher at the Foundation for American Innovation and winner of ChinaTalk's Economic Security essay competition, and Joris Teer, a policy analyst at the EU Institute for Security Studies who authored Beijing's critical raw material weapon – and how to dismantle it. Co-hosting is ChinaTalk's Aqib Zakaria. Our conversation covers... China's critical mineral weapon — How Beijing turned its dominance over rare earths into a tool of economic coercion and why the West is struggling to respond. 25 minerals that actually matter — Why policymakers should focus on the specific materials China can weaponize rather than spreading resources across broad critical mineral lists. Why subsidies alone won't fix the problem — How China's industrial policy, overcapacity, and ability to flood markets make it nearly impossible for Western supply chains to compete without coordinated action. Reshoring the industrial base — The tradeoffs behind rebuilding domestic capacity: higher end-product costs, environmental NIMBYism, skilled labor shortages, and the need for deeper US-European cooperation. The next resource race — How defense, AI, robotics, and energy demand are intensifying competition for critical materials and what the future of allied industrial power might look like. Learn more about your ad choices. Visit megaphone.fm/adchoices
What if the biggest threat to corporate profitability isn't a recession, a supply chain disruption, or a technological breakthrough, but a tax that changes overnight?In this episode of Corporate Finance Explained, we break down the financial mechanics of tariffs and explore how rising trade barriers are reshaping corporate strategy, supply chains, pricing decisions, and profitability around the world. With the average effective U.S. tariff rate reaching levels not seen since the 1930s, companies are being forced to rethink where they manufacture, how they source materials, and how they manage risk.Using real-world examples from Apple, General Motors, and Ford, we examine how finance teams model tariff exposure, why legal changes can create massive uncertainty, and how tariffs quietly flow through inventory, balance sheets, and income statements before eventually showing up in consumer prices.
It is a wild day on the Energy News Beat Stand Up.Make no mistake, time will tell if the Strait of Hormuz is open, but do not underestimate the importance that the Bank of London and Lloyds of London play in opening the Strait of Hormuz. They want the war to continue, and are not happy if the war ends.As we hit Operational Bottoms for oil storage in the US it is a real problem, and President Trump ran out of time. I think that he has a plan and will get it done, but it will be done after the midterms.President Trump at the G7 has had some major impacts on the news cycle.1. Cushing, Oklahoma Oil Storage Crisis (Top Story)The podcast opens with the critical issue that Cushing—the "pipeline crossroads of the world"—has hit operational tank bottoms with only ~21.64 million barrels of crude. This is a major concern because refineries may not be able to access the oil they need, and the situation could spike oil prices. Cushing is the primary delivery and pricing point for WTI (West Texas Intermediate) futures.2. Global Oil Market Dynamics & Geopolitical TensionsStrait of Hormuz concerns: 20% of the world's oil passes through this strait, creating vulnerability to disruptionsIran's actions: Iran has pulled the trigger on controlling the strait, prompting neighboring Gulf states to seek alternative routesTanker movements: Iranian super tankers are slipping through blockades, with 6 million barrels already moved (likely to China)3. UAE's Strategic Independence from Strait of HormuzThe UAE is accelerating plans to bypass the Strait of Hormuz entirely by expanding pipelines from 1.7 to over 5 million barrels per day, with potential floating LNG terminals planned for the Gulf of Oman.4. Alternative Pipeline InfrastructureSaudi Arabia's east-west pipeline to the Red Sea (pumping ~7 million barrels/day)Plans to bypass the Suez Canal through the MediterraneanIraq's threat to close the Bab el-Mandeb Strait, forcing reliance on pipelines5. Qatar's LNG Export RestartQatar is preparing to restart LNG exports with tankers already positioned, which is critical for Europe's natural gas supply (especially as they lag behind in summer refilling).6. U.S. Power Grid CrisisSevere equipment shortage with power transformer lead times reaching 128 weeks (2.5 years)Some special orders taking up to 4 yearsNew transformer facilities being built (Hitachi in Virginia by 2028, Siemens in North Carolina)Recommendation for homeowners to invest in solar panels and off-grid capabilities7. California Energy & Infrastructure ProblemsRefinery closures: Only 7 refineries remain in California; losing one would spike gasoline, diesel, and jet fuel pricesHigh-speed rail project: Ballooned from $9.9 billion to $231 billion with companies relocating to Morocco due to regulatory burdenPort congestion: LA and Long Beach ports handling massive container volumes8. Oil Price ForecastsMorgan Stanley lowered Brent crude forecasts to $90 in Q3 and $80 in Q4Current prices: WTI at ~$76-77, Brent at ~$79.58, Natural gas at $3.169. AI & Grid InfrastructureDiscussion of potential AI bubble concerns and the need for grid validation tools before implementation.10. U.S. Reshoring & Industrial RecoveryThe Trump administration is working to reverse decades of intentional deindustrialization, though the process faces challenges.The podcast emphasizes that energy markets are at critical junctures with geopolitical tensions, infrastructure constraints, and strategic repositioning reshaping global oil and gas flows.1.Cushing, Oklahoma Oil Storage Hits Tank Bottom: Implications for Energy Markets, Consumers, and Investors2.Pain at the Pump: Can It Heal or Curse the Trump Administration?3.UAE is moving on plans to never use the Strait of Hormuz4.Qatar Returns Tankers in Preparation for Restarting LNG Exports5.Iranian Supertanker Slips Out of Chabahar, Crossing US Blockade as Tehran Moves Oil Ahead of Friday Deal Approvals6.Qatar Plans to Rapidly Restart LNG Output After Hormuz Opens – How will this impact Europe?7.Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough8.US Grid Equipment Shortage Deepens Impacting Repairs and New Installations9.Another California refinery closure will threaten national and global economies10.California High-Speed Rail project soars to $231 Billion – “We left to work in Morocco as it is a better work enviornment”Check out the Energy News Beat SubStack https://theenergynewsbeat.substack.com/A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/
Is industrial real estate still the top-performing CRE sector?
แหล่งข้อมูลนี้วิเคราะห์แนวโน้ม การย้ายฐานการผลิตกลับสู่สหรัฐอเมริกา (Reshoring) และการเติบโตอย่างก้าวกระโดดของอุตสาหกรรม ระบบอัตโนมัติและหุ่นยนต์ ในอเมริกาเหนือภายในปี 2030 รายงานชี้ให้เห็นว่าแม้สหรัฐฯ จะยังคงเป็นมหาอำนาจด้านการผลิตที่มีประสิทธิภาพสูง แต่กำลังเผชิญกับปัญหา การขาดแคลนแรงงาน และการเข้าสู่สังคมผู้สูงอายุอย่างหนัก ซึ่งกลายเป็นปัจจัยหลักที่บีบให้บริษัทต่าง ๆ ต้องหันมาลงทุนในเทคโนโลยี หุ่นยนต์อุตสาหกรรมและหุ่นยนต์ฮิวแมนนอยด์ เพื่อรักษาความสามารถในการแข่งขัน โดยมีการคาดการณ์ว่าจำนวนหุ่นยนต์ที่ติดตั้งจะเพิ่มขึ้นเป็นสองเท่า และความต้องการนี้จะส่งผลบวกโดยตรงต่อบริษัทชั้นนำในกลุ่มสินค้าทุน อาทิ Keyence, SMC, Yaskawa, Daifuku และ Hyundai Mobis นอกจากนี้เนื้อหายังเปรียบเทียบความแตกต่างด้านความหนาแน่นของหุ่นยนต์และมูลค่าเพิ่มภาคการผลิตระหว่างสหรัฐฯ กับจีน เพื่อแสดงให้เห็นถึงวัฏจักรการลงทุนรอบใหม่ที่กำลังเปลี่ยนผ่านจากการหดตัวไปสู่การขยายตัวในระยะยาว
Is the global manufacturing economy headed for a crash, or is it entering a historic resurgence? In this episode of Manufacturing Think Tank, host Cliff Waldman sits down with top economists Mark Vitner (Founder of Piedmont Crescent Capital) and Jeremy Leonard (Director of Industry Services at Oxford Economics) to break down how the conflict with Iran is transforming the global manufacturing outlook. Despite major geopolitical uncertainty, the U.S. manufacturing sector has shown surprising resilience. Our guests explain the hidden economic forces at play—including massive waves of domestic reshoring, the build-out of massive AI data center infrastructures, and the critical differences in energy independence between the U.S. and Europe. Tune in to discover which sectors are set to benefit from defense replenishment and domestic chemical production, why automotive and consumer durables face heavy demand destruction, and what the ending of the war could mean for the future of global supply chains. Timestamps to Watch: 00:00 – Meet the Economists: Mark Vitner & Jeremy Leonard 03:37 – Is the War Damaging U.S. Manufacturing? 07:44 – Winners & Losers: How Oil Prices Impact Chemicals, Automotive, and Aerospace 12:42 – The Most Impacted Manufacturing Industries 19:52 – Europe vs. U.S.: The True Extent of the Energy Crisis 24:55 – The Structural Reality of Reshoring & Pharmaceutical Supply Chains 34:31 – The Long-Term Geopolitical Fingerprint of the Iran Conflict 41:27 – Global Manufacturing: How the Rest of the World is Responding 45:48 – Federal Reserve Rates, Policy Reversals, and AI Opposition Risks Learn more about your ad choices. Visit megaphone.fm/adchoices
Highlights from their conversation include: Keith Smith's Journey into Manufacturing and Industrial Engineering (0:49) Overview of Vonco Products as a Medical Device Contract Manufacturer (1:53) Single Use Fluid Bags, Horizontal Services, and Turnkey Offering (2:06) Being “Freaks About Leaks” and the Liqui Lock Guarantee (4:16) RF Welding vs Heat Seal Welding for Different Polymers (5:39) The Spark Program and On-Site Rapid Prototyping with Customers (7:03) Enter Lock Innovation for Enteral Feeding and Customer Adoption (8:21) Geopolitical Shocks, Iran Conflict, and Plastic Supply Volatility (9:32) Reshoring, Near Shoring, and Rethinking Global Supply Chains (12:18) COVID, Panic Buying, and Stockpiling Risk in Medical Devices (14:34) Automation Priorities, Staffing Challenges, and Failed Experiments (17:01) Diversification Strategy, Customer Mix, and Supply Chain Resilience (19:28) Parting Thoughts and Takeaways (20:46) Dynamo Ventures is a venture firm backing founders upgrading the physical economy. As intelligence moves into critical infrastructure and technology collides with physics, industry is entering a new era of transformation - the industrial renaissance. Born from the dirt and grit of supply chains and shaped by operations, not spreadsheets, Dynamo focuses on the complex realities of building in the real world. We invest in companies transforming infrastructure, manufacturing, logistics, transportation, and the systems that power global commerce. Dynamo works closely with founders who combine ambition with a bias to action, bringing a builder mindset to venture capital through deep operational insight, systematic pressure-testing and hands-on partnership. Our purpose is simple: to back the relentless shaping the industrial renaissance. Learn more at www.dynamo.vc. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Host Fabian Alefeld interviews Dean Bartles, President and CEO of the Manufacturing Technology Deployment Group (behind NCDMM, Advanced Manufacturing International, and America Makes), about manufacturing's evolution, defense industrial base challenges, and additive manufacturing. Bartles recounts his career from shop-floor machining and industrial engineering to international defense manufacturing programs and 31 years through successive owners culminating in General Dynamics, then leading NCDMM and forming a parent organization to expand technology deployment. They discuss consolidation and contracting barriers that pushed small/medium firms out of defense, productivity gains from automation, reshoring momentum driven by tariffs and new investment, and workforce shortages and training pathways via trades, community colleges, and SME/Tooling U. Bartles highlights AI for process monitoring and adaptive control in laser powder bed fusion, the promise of low-cost desktop FFF for drones, the need for shared data and improved repeatability, and sustainability efforts including the Additive Manufacturing Green Trade Association. 00:00 Welcome and Guest Intro 02:54 Dean Manufacturing Origins 04:18 Global Defense Career Path 06:05 Leading NCDMM and America Makes 10:44 Defense Base Decline and Industry 4.0 18:14 Reshoring and Global Models 22:17 AI Capital and Process Control 35:25 Open Data and Repeatability Challenge 38:24 Defense Adoption and Drone Boom 44:08 Workforce Pathways and Community Colleges 50:04 Sustainability and Greener AM 54:27 Closing ABL Always Be Learning
“To explain the lives of people living in this moment, to look at the historical forces that are shaping all of us, you have to look at business and technology. In our period, what is it that's shaping us? I would suggest it's the long fallout from the 2008 financial crisis and the technology revolution that's been happening in California.” — Alexander Starritt How to write a novel about our times? For Alexander Starritt, it means juxtaposing friendship and ambition alongside the grand historical forces of the age. Just as George Eliot did in Middlemarch. Whereas for Eliot, those forces were the 1832 Reform Acts and the industrial revolution, Starritt's forces are the 2008 financial crisis and the digital revolution. His novel, Drayton and Mackenzie, longlisted for the Financial Times Business Book of the Year, follows two ambitious Gen X'ers through the first two decades of the twenty-first century. The 2008 crash, Starritt says, ruined the lives of many of his generation. Rather than being in a Gramscian interregnum, our brave new 21st century world is already visible. But in contrast with many progressive critics of our neo-liberalism age, Starritt isn't apocalyptic about the future. Think of Drayton and Mackenzie as Middlemarch and McKinsey. Revolutions will come and go, but, for Alexander Starritt, friendship and ambition are unchanging. Five Takeaways • The First Novel on the FT Business Book List in 15 Years: The Financial Times and Schroders Business Book of the Year longlist typically features books on China, AI, and tech giants. In 2025, for the first time in fifteen years, it included a novel. Starritt's reading of why: there's a gap. The literary and cultural worlds have become so estranged from the business world that very few writers are even attempting to write seriously about the forces that actually shape people's lives. That gap, he says, says as much about the cultural moment as any quality the book itself might have. • George Eliot's Method: Historical Forces as the Engine of Fiction: When George Eliot wrote Middlemarch, the historical forces she was dramatising were the Reform Acts and the industrial revolution. Starritt's equivalent: the 2008 financial crisis and the California tech revolution. His method is Eliot's — use a closely observed relationship (in his case, a male friendship rather than a marriage) as the engine through which the reader experiences history. The friendship gives the historical canvas an emotional charge. The historical canvas gives the friendship its full weight. Neither works without the other. • Male Friendship: The Most Important Relationship Nobody Writes About: We've all read too many books and seen too many films about romantic and sexual relationships. Starritt's observation: there is another type of relationship — friendship — that is incredibly important to almost all of us, and that gets almost no literary attention. Drayton and Mackenzie is his attempt to take it seriously. The friendship between James (straight-lined, disciplined, brilliant) and Roland (impulsive, self-sabotaging, charming) evolves from incomprehension to something described by the Financial Times as “unbreakable” — and the reviewer admitted that by the end, their vision wasn't the clearest. • The Post-Liberal World Is Already Here: Everyone quotes Gramsci's interregnum — the old world is dying, the new one hasn't been born yet. Starritt's counter: the new world has already been born. You can see it everywhere across the Western world. British jobs for British workers. Reshoring manufacturing. Keeping out undesirable foreigners. There is, he notes, quite a lot of consensus about these things, even if the discourse around them is contested. The post-liberal world is already here. The question is not whether it will arrive but what we do with it. • European Optimism: The Separation From America May Be for Europe's Own Good: Starritt's closing optimism, which he acknowledges may not be welcome news for American listeners: the painful separation from America that America is forcing upon Europe is probably, in the long run, for Europe's own good. Rather than relying on the White House, Europeans can take responsibility for themselves. David Runciman's idea: democracy needs to be renewed every generation. The external pressure of China, Russia, and an America that no longer wants to help may be the forcing function that produces that renewal. Maybe we can get some agency back. About the Guest Alexander Starritt is a Scottish novelist and entrepreneur. He was born in 1985 and is the author of Drayton and Mackenzie (Atlantic Monthly Press, June 2, 2026), We Germans (winner of the Dayton Literary Peace Prize), and The Beast (a 2017 Spectator book of the year). He was a founding team member of the policy platform Apolitical. He lives in London. References: • Drayton and Mackenzie by Alexander Starritt (Atlantic Monthly Press, June 2, 2026). • George Eliot, Middlemarch — Starritt's primary literary model, referenced explicitly. • Adrian Wooldridge, “Bring Back the Big Business Novel,” Bloomberg — the piece referenced at the opening. • David Runciman — referenced for his argument about democratic renewal. • Michael Chabon, The Amazing Adventures of Kavalier & Clay — the Financial Times comparison. About Keen On America Nobody asks more awkward questions than the Anglo-American writer and filmmaker Andrew Keen. In Keen On America, Andrew brings his pointed Transatlantic wit to making sense of the United States — hosting daily interviews about the history and future of this now venerable Republic. With nearly 2,900 episodes since the show launched on TechCrunch in 2010, Keen On America is the most prolific intellectual interview show in the history of podcasting. WebsiteSubstackYouTubeApple PodcastsSpotify Chapters: (00:31) - Introduction: the FT Business Book longlist and the first novel in 15 years (02:03) - The gap in culture: literary and business worlds estranged (02:50) - Adrian Wooldridge: bring back the big business no...
THE TOM DUPREE SHOW | PODCAST SHOW NOTES All-Time Highs and America’s Second Industrial Revolution The Tom Dupree Show | Dupree Financial Group | dupreefinancial.com | 859-233-0400 Episode Description Markets are hitting all-time highs in the spring of 2026, and Tom Dupree sits down with analysts Michael Dawahare and James Dupree to examine what is actually fueling the rally. The conversation goes well beyond the headlines — covering real earnings growth at AI infrastructure companies, a sweeping national push to bring critical industries back to American soil, and what the arrival of Kevin Warsh as the new Federal Reserve chairman could mean for bond markets and retirement investors. The team also takes a careful look at how to tell the difference between companies with genuine contracted revenue and those priced years into a speculative future. And in a segment that hits close to home for many Kentucky listeners, the hosts examine the structural forces reshaping the bourbon and spirits industry — from shifting generational attitudes toward alcohol to the surprising effect that GLP-1 medications are having on consumer behavior. “Markets don’t drift up — they only rise on conviction. Right now, that conviction is being written in the earnings reports and long-term contracts of the companies building America’s next industrial base.” Topics Covered Why markets are at all-time highs — and whether the earnings justify the rally AI infrastructure spending: hyperscalers committing close to one trillion dollars in 2026 Reshoring as national security strategy: six to eight industries America should stop outsourcing Separating real AI businesses from speculative plays priced years into the future Kevin Warsh as new Fed chairman: a smaller balance sheet and better price discovery in bond markets Historical midterm election pullbacks and what they may signal for the current market cycle Commodities as the most compelling derivative trade of the global reshoring movement GLP-1 drugs and generational attitudes reshaping the bourbon and spirits industry The dot-com bubble parallel: which AI companies have staying power, and which don’t How the COVID pandemic became the pivotal catalyst that accelerated reshoring across industries Key Takeaways Earnings are driving the highs, not speculation alone. Some AI infrastructure companies are reporting 500%+ year-over-year revenue growth backed by signed, long-term contracts. That is a meaningfully different foundation than the dot-com era provided. Know the difference between a business and a bet. Within the AI space, some companies hold 15-year leases and tens of billions in guaranteed revenue. Others are priced five years into an uncertain future with minimal earnings today. Understanding which type you own matters. Reshoring is a generational investment thesis. A coordinated government-and-industry effort to bring back pharmaceutical production, chip manufacturing, steel, aluminum, and energy creates real downstream opportunities in commodities, infrastructure, and labor. A smaller Fed could be good for markets. Kevin Warsh has signaled a desire to reduce the Fed’s balance sheet, which could restore honest price discovery in the bond market — a shift that ripples positively through stocks and other dollar-denominated assets. All-time highs historically lead to higher highs. New market highs on volume reflect the collective judgment of all participants. Pullbacks of 10 to 15 percent are healthy and expected, but they do not change the long-term direction for investors holding quality positions. The spirits industry faces headwinds that may not be temporary. Younger generations are beginning to treat alcohol the way prior generations came to view cigarettes. GLP-1 drug adoption is compounding that shift, with real implications for Kentucky’s economy. Commodities deserve a closer look. As countries reshore and protect the raw materials they need, global supply is tightening. Energy, metals, and materials could benefit from a sustained multi-year tailwind that many retirement portfolios are not currently positioned to capture. About The Tom Dupree Show The Tom Dupree Show is hosted by Tom Dupree, founder of Dupree Financial Group and a 47-year veteran of the investment business. Each episode covers the financial topics that matter most to retirees and those approaching retirement — in plain English, without the Wall Street spin. Dupree Financial Group is a fee-only, fiduciary Registered Investment Advisory firm based in Lexington, Kentucky. The firm manages separately managed accounts focused on income-generating, dividend-paying portfolios — no products sold, no commissions, no conflicts of interest. Past episodes are available at dupreefinancial.com under the Radio tab. Schedule a Complimentary Portfolio Review If you’re not sure whether your current portfolio is built for yesterday’s market — or whether it’s positioned for where things are actually heading — we’ll take a look. No charge. No pressure. Just an honest conversation about what you own and whether it’s working for you. Call: 859-233-0400 | Visit: dupreefinancial.com The post All-Time Highs and America’s Second Industrial Revolution appeared first on Dupree Financial.
Austin Campbell ran roughly $23 billion in USDP and BUSD reserves at Paxos. Before that he was a fixed income trader running major funding desks at the banks. Today he's a Professor at NYU Stern and founder of Zero Knowledge advisory. So when he says the U.S. bank policy lobby is sabotaging itself, the mechanics matter.David Sencil sits down with Austin at Consensus 2026 for a dense, opinionated tour through what stablecoins actually do to bank deposits, why GENIUS Act implementation may bite crypto in unexpected ways, why he's bearish on CLARITY, and why Aave in its current form can't survive the nation-state security era.We cover:- The Paxos vs Circle SVB "craftsmanship" gap- The mechanical case that stablecoins don't cause deposit flight- Reshoring the eurodollar market into U.S. banks- GENIUS Act and the yield compromise- The decentralization / smart contracts / RWAs trilemma- Aave on Ethereum and nation-state attackersFilmed at Consensus 2026.Host: David Sencil
In this episode, we speak with Dr Christian Marston, COO of Altilium, about the company's mission to build a circular economy for EV batteries and critical minerals.Find out more about Altilium here.We explore why battery recycling and supply chain security have become such pressing global issues, and how Altilium's proprietary “urban mining” technology differs from conventional approaches.The conversation covers the company's progress to date, including an £18.5 million UK Government grant, strategic backing from SQM, Marubeni and Mizuho Bank, and partnerships with major automotive names including JLR and Nissan.We also discuss the environmental benefits highlighted by independent lifecycle analysis, the scale of the commercial opportunity ahead of upcoming European recycled-content regulations, and the long-term vision for the UK's circular battery economy.Find out more about Altilium here. Hosted on Acast. See acast.com/privacy for more information.
In this episode we will focus on a massive push to bring manufacturing back to the U.S., creating jobs, securing supply chains, and rebuilding our industrial base. It's not hype, the Reshoring Initiative's latest data shows trends holding strong into late 2025, with high-tech sectors leading the charge.
Most conversations about nearshoring assume you're moving away from Chinese manufacturing. Kerim Kfuri, president and CEO of The Atlas Network, has a harder truth: a lot of "nearshoring" is just Chinese foreign direct investment building factories in Vietnam and Mexico. The geography changes. The supply chain dependencies don't necessarily change with it.In this episode, recorded live on the expo floor at the Logistics World Summit in Mexico City, Kerim breaks down what 20 years of building end-to-end supply chains for small and mid-sized businesses has taught him — and what most operators still get wrong.In this episode:How The Atlas Network manages the full supply chain lifecycle for SMBs, from product idea to inventory management, across a network of 2,000 vetted factoriesWhy "nearshoring" in Vietnam and Mexico often means Chinese-owned factories with Chinese standardization — and why that matters for your tariff and sourcing strategyThe US manufacturing reality: why technology (not policy) is the actual leveler, and why we can't snap our fingers and rebuild a workforce we stopped training decades agoKerim's keynote framework from Logistics World: people, process, and innovation — and why "people" is the most undervalued of the threeWhat Kerim (MIT degree in AI and Strategy) says you actually give up when you hand too much to AI: creativity, human factor, and the interpersonal relationships that drive real businessThe signal-versus-noise framework for entrepreneurs: how to identify the three things that must get done today and stop letting everything else winWhy the most common thing Atlas Network hears from new clients is: "I wish we knew about you sooner"A bonus live interview with the founder of Logistics World Summit, who walked up mid-recording on the expo floorWatch this episode on YoutubeLinks & Resources:The Atlas NetworkKerim's book and speaking websiteBlythe's Logistics World + Mexico City Recap -----------------------------------------THANK YOU TO OUR SPONSORS!SPI Logistics has been a Day 1 supporter of this podcast which is why we're proud to promote them in every episode. During that time, we've gotten to know the team and their agents to confidently say they are the best home for freight agents in North America for 40 years and counting. Listen to past episodes to hear why.CargoRex is the search engine for the logistics industry—connecting LSPs with the right tools, services, events, and creators to explore, discover, and evolve.Digital Dispatch maximizes and manages your #1 sales tool with a website that establishes trust and builds rock-solid relationships with your leads and customers.
Our guest on this week's episode is Patrick Van den Bossche, partner at Kearney, a global management consulting firm. There has been a huge effort in recent years to return manufacturing to the United States, as much of this production has been outsourced to overseas factories for decades. But have these attempts been successful? Van den Bossche is the lead author of new research called the 2026 Reshoring Index Report and offers his insights and findings from the report on whether the current state of reshoring initiatives.. Artificial intelligence has so many up sides that investors are betting big right now on the benefits of the technologies – you can just look at the stock market for evidence of that. But we do hear of the downside of the many jobs AI may eliminate. Ben Ames reports on new research that shows which types of jobs are most vulnerable and the areas of the world that might be most affected (Hint: the U.S. is high on the vulnerablity list).There is a wealth of data in trucking today, much of it derived from the telematics and other advanced technology tools that connect what's happening in the truck to a company's broader IT system. Companies can use this vast array of data to improve safety and enhance operations. But while most small and mid-sized fleets claim to be “data rich,” they say they are starved for ways to best use the information they get from all of those tech tools.Articles and resources mentioned in this episode:KearneyAllianz report: Unemployment rates could be shaken by immigration, Iran War, and AIFleets struggle to turn safety data into actionVisit DC VelocityVisit Supply Chain XchangeSend feedback about this podcast to podcast@agilebme.comThis podcast episode is sponsored by: Werner
4.3 million industrial robots are already deployed globally. Robot costs have dropped 50% in 30 years. Payback periods are now 1 to 3 years. The reshoring of American manufacturing isn't a forecast — it's a buy order.This week on Money On Tap, Ben Brayshaw and Dan Michelon continue the series with The Railroads of Robotics — the picks-and-shovels playbook for physical AI and the next great industrial build-out.What you'll learn:Why three forces — reshoring, labor shortage, and 1–3 year robot payback — make automation inevitableThe four investable layers: robots · AI systems · software · hardwareA walk-through of the public names: Rockwell Automation, Teradyne, Emerson Electric, NVIDIA, Tesla (Optimus), AeroVironment, Applied Materials, AutodeskHow cobots are reshaping skilled-trades work — and what the NVIDIA CEO's "three-day work week" prediction really meansFive robotics-themed ETFs walked through: ROBO, BOTZ, IBOT, ARKQ, ROBTWhat to tell the kids and grandkids about which jobs will actually exist in 10 yearsThe geopolitical risk that could shelve this entire build-out overnightPlus Money In The News:United Airlines hikes fares up to 20% — CEO admits passing 100% of jet-fuel cost to consumersMusk vs. Altman: a $134B suit heading to court while SpaceX ($1.25T) and OpenAI ($850B) IPOs loomAdobe announces a $25B buyback (25% of market cap) while Big Tech keeps laying off — and the buyback nuance most investors missRead the companion blog: brayshawfinancial.com/blogSchedule a free consultation: app.greminders.com/t/9f3ce72e/initialconsultaFull Money On Tap episode library: brayshawfinancial.com/money-on-tapContact UsPhone: 855-226-8551Email: info@yourmoneyontap.comOffice: 116 South River Road, Bedford, NH 03110Web: brayshawfinancial.comWhat is "physical AI" and why does it matter for investors? Physical AI is the application of artificial intelligence to machines that operate in the real world — industrial robots, cobots, autonomous vehicles, drones, and humanoid robots. Unlike AI software that lives only on a screen, physical AI directly performs labor: assembling products, moving materials, inspecting quality, and operating equipment. For investors, it converts the AI thesis into measurable productivity gains and physical reshored capacity.
SME Media Editor-in-Chief Steve Plumb and Senior Editor Michael McConnell sit down with Harry Moser, president of the Reshoring Initiative, to explore the growing impact of reshoring on the U.S. economy. They discuss how reshoring can quickly strengthen the U.S. economy and boost competitiveness by building a stronger skilled workforce. This is an audio-only recording of our latest episode of Advanced Manufacturing Live. Follow SME Media on LinkedIn, Facebook and YouTube to catch our next episode live.
Your host, Stijn Schmitz welcomes back Dr. Mark Thornton to the show. Dr. Mark Thornton is Economist and Senior Fellow at the Mises Institute. This discussion centers on global economic disruptions, particularly in commodity markets and energy sectors, stemming from geopolitical tensions in the Middle East. Dr. Thornton highlights the significant impact of potential oil and gas supply disruptions, estimating that 15-20% of global supply might be affected. Timestamps: 00:00:00 – Introduction 00:01:05 – Global Economy Uncertainty 00:04:10 – Middle East Disruption Impact 00:04:57 – Stock Market vs Oil Discrepancy 00:06:52 – Supply Chain Byproducts Effects 00:11:13 – Oil Cutoff Long-term Consequences 00:14:33 – Global Pain Points Analysis 00:22:38 – Reshoring vs Free Trade 00:31:26 – Natural Gas Opportunities North America 00:39:08 – Unleashing US Resource Potential 00:43:43 – Petrodollar System Cracks 00:50:25 – Gold Settlement Currency Role 00:56:03 – Gold & Fiat Currencies 01:02:42 – Concluding Thoughts Guest Links: Website: https://mises.org X: https://x.com/DrMarkThornton E-Mail: mailto:mthornton@mises.org YouTube: https://www.youtube.com/results?search_query=mark+thornton+minor+issues Book-Hayek: https://mises.org/library/book/hayek-21st-century-essays-political-economy Dr. Mark Thornton is a Senior Fellow at the Mises Institute and formerly held the Peterson-Luddy Chair in Austrian Economics. He hosts the podcasts Minor Issues and Unanimity and is Book Review Editor of the Quarterly Journal of Austrian Economics. His books include The Economics of Prohibition, Tariffs, Blockades, and Inflation, The Bastiat Collection, and The Skyscraper Curse. He has served on multiple editorial boards, taught economics at several universities, and worked as Assistant Superintendent of Banking and adviser to Alabama Governor Fob James. He holds degrees from St. Bonaventure University and Auburn University and has debated the “War on Drugs” at the Oxford Union. Dr. Thornton has been featured in major outlets such as The Economist, Forbes, New York Times, Wall Street Journal, and USA Today, along with numerous international and regional newspapers. His commentary appears regularly on the Mises Institute's platforms and on programs such as Boom-Bust, the Tom Woods Show, and the Scott Horton Show.
For years, reshoring was a fringe idea. Now, it's one of the most talked-about topics in manufacturing.Even though the conversation is now in vogue, there's still a challenge. Many companies are still making the same mistake when deciding where to manufacture. They're looking at price, not total cost of ownership (TCO).In this episode, Chris sits down with Harry Moser – Founder of the Reshoring Initiative – to break down the real math behind reshoring…and why getting that math right could unlock millions of jobs and fundamentally reshape U.S. manufacturing.Make sure to visit ManufacturingHappyHour.com for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay Thirsty. Mentioned in this episode:Mfg Happy Hour's GOLDEN STATE TAKEOVER TourDon't miss Manufacturing Happy Hour on tour this May 2026 as we head across the state of California. We'll be hitting the Bay Area on 5/19, Modesto on 5/20, and Los Angeles on 5/21. Live podcasts and parties in every city. Get your tickets today.Manufacturing Happy Hour on Tour
It's clear that the goal of the United States tariffs on automobiles was to give American production a leg up. Adding costs to imports would - theoretically - encourage buyers to favor American-made vehicles, and encourage automakers to, perhaps, reshore their globally produced models.But as with many complex economic questions, the reality is a bit less straightforward – as evidenced by GM's latest announcement.The Detroit-based automaker, who has long operated three factories in South Korea, revealed last month that it would be investing in Korea further. The goal for GM is to increase production capacity for vehicles that would be exported to U.S. buyers.GM's Chevrolet Trax and Trailblazer, as well as the Buick Envista and Encore GX are currently produced across three factories in Korea which employ some 12,000 workers and churn out about 460,000 vehicles annually. #Tariffs #ManufacturingNews #AutoIndustry #GeneralMotors #GlobalManufacturing #SupplyChain #Reshoring #Economics #TradePolicy #AutomotiveNews #BusinessStrategy #GlobalTrade #FactoryProduction #IndustryTrends #CostAnalysis #AutoManufacturing #USManufacturing #KoreaManufacturing #MarketForces #EconomicReality
Join hosts Amy Nicklaus and Lewis Weiss as they welcome back Harry Moser of the Reshoring Initiative to discuss his organization's critical mission: balancing the $1.3 trillion US goods trade deficit and securing vital supply chains. Harry shares compelling data on how jobs announced coming back to the US have grown exponentially, from 11,000 in 2010 to 244,000 in 2024, proving that reindustrialization is gaining traction. They delve into the underlying problems of currency overvaluation and the highest priority challenge cited by companies: the need for a skilled workforce. Discover how manufacturers can utilize the Reshoring Initiative's free Total Cost of Ownership (TCO) Estimator to accurately calculate sourcing decisions and accelerate the return of American manufacturing jobs. Links Discussed in this Episode: Reshoring Initiative: https://reshorenow.org/2026 USA Reshoring Survey: https://www.surveymonkey.com/r/USA-Reshoring Total Cost of Ownership Estimator: https://reshorenow.org/tco-estimator/ Harry Moser Honored with 2026 Albert W. Moore AMT Leadership Award: https://www.imts.com/read/article-details/Harry-Moser-Honored-with-2026-Albert-W-Moore-AMT-Leadership-Award/2244/type/Read/1/tab/all-articles?page=1 Learn more about your ad choices. Visit megaphone.fm/adchoices
Host Fabian Alefeld speaks with Japan-based additive manufacturing consultant Peter Rogers about the state of additive manufacturing across Asia Pacific. Rogers contrasts Japan's advanced but risk-averse manufacturing culture - strong in incremental optimization, with slower certification (notably medical) and limited defense budgets - with faster-moving but smaller markets like Australia/New Zealand, where mining drives demand for rapid, remote part supply. They discuss China's manufacturing scale and government support, its growing dominance in desktop FDM, and how low-cost Chinese metal PBF machines can win and retain service-bureau business despite Western strengths in quality and productivity. Singapore is highlighted for academia and MRO, while Korea spans shipbuilding, semicon, automotive, and defense. Southeast Asia is still production-focused with limited local R&D, whereas India is rising as an English-speaking engineering and R&D hub for global OEMs. Both see lowering costs and AI enabling broader, consumer-facing AM applications.00:00 Welcome and Guest Intro01:49 Peter Rogers Background03:32 Moving to Japan05:12 APAC Additive Overview09:23 China Manufacturing Dynamics13:27 Reshoring and Kaizen Mindset18:45 Traditional Skills vs Additive20:57 Japan Nearing Inflection Point25:06 Top APAC Applications29:02 Japan Korea Industry Mix30:31 China Scale And Funding33:18 FDM Race To Bottom34:27 Bambu Ecosystem Advantage36:53 Metal AM Price Expansion38:23 Chinese Metal Machines Case40:30 Competing On Productivity44:10 Southeast Asia Adoption47:06 India RnD Powerhouse49:46 Future Consumer Breakthroughs52:40 Japan Pushing DED Limits55:30 AI Lowers Barriers57:13 Wrap Up And Farewell
Running out of warehouse space doesn't always mean you need more of it. For Sumitomo Drive Technologies, it meant rethinking the whole operation from the ground up.In this episode of Manufacturing Happy Hour, Chris sits down remotely with Tony Barlett and Shawn Lambert from Sumitomo Drive Technologies for an inside look at a live warehouse automation project underway at their Chesapeake, Virginia headquarters.The project combines AutoStore, an automated storage and retrieval system, with automated guided vehicles to compress 30,000 square feet of high-bay racking into a 7,500 square foot footprint, with robots handling the picking and every transaction flowing through a single digital interface.The conversation runs from the 2021 decision all the way through to where the project stands today. The business case, the technology choices, and what it takes to bring automation into a facility that has run on pen and paper for years.They get into the workforce question too. What this means for the people on the floor, how Sumitomo plans to grow 50 percent over the next five years without scaling headcount at the same rate, and why the digital foundation they're building now is what makes AI integration possible later.In this episode, find out:How a customer demo in 2021 sparked the decision to stop expanding Sumitomo Drive Technologies' warehouse footprint and automate instead, and what it took to get from that first look to a live projectWhat the AutoStore system does at a practical level, and how a simple analogy made the technology immediately understandable for anyone who hasn't seen itHow condensing 30,000 square feet of high-bay racking into a 7,500 square foot cube changes what growth looks like for the businessHow moving from pen-and-paper operations to a single digital interface changes day-to-day work for every person on the warehouse floorThe company's plan for its existing workforce, and how it expects to grow 50 percent over the next five years with roughly the same headcount it has todayWhy the AI boom has not changed the scope of this project, and why building connected digital infrastructure now is the precondition for AI integration down the roadThe three pieces of advice Tony and Shawn would pass on to any manufacturer considering an automation project of this scaleEnjoying the show? Please leave us a review here. Even one sentence helps. It's feedback from Manufacturing All-Stars like you that keeps us going!Tweetable Quotes:"If you're not doing this from an automation standpoint, you're missing the boat. It is the wave of the future, the labor force shortages are not going away, and they're only going to get more difficult." - Tony Barlett"You can't start looking into this soon enough. The more prepared you are for a project of this scale, the better off you're going to be, not just plugging in the automation, but how it connects to your ERP, your processes, your AGVs." - Shawn Lambert"AI doesn't do anything for you when you're dealing with pen and paper. Get into a more technological age first, get your software systems in place, and then you can integrate AI to turn static decisions into dynamic ones." - Shawn LambertLinks & mentions:Sumitomo Drive Technologies, dedicated to providing the highest quality power transmission products, gearboxes, gearmotors, and services to industrial companiesAutoStore, automated storage and retrieval system (ASRS) that uses the power of warehouse robots for 24/7 order fulfillment within a cubic layoutSwisslog, logistics automation; they design, manufacture, and optimize automated logistics solutions across the supply chainNansemond Brewing, craft brewery in downtown Suffolk, VAAllgood Lounge, premiere bar and party spot in Athens, GAMake sure to visit http://manufacturinghappyhour.com for detailed show notes and a full list of resources mentioned in this episode. Stay Innovative, Stay Thirsty.Mentioned in this episode:Party with Manufacturing Happy Hour!Join Manufacturing Happy Hour on tour, or at one of our famous EXTRA INNINGS conference afterparties (co-hosted with Jake Hall, The Manufacturing Millennial).Join The Party
Generic medicines account for the vast majority of prescriptions in the U.S., yet much of their underlying supply chain remains heavily dependent on foreign-sourced active pharmaceutical ingredients (APIs). As concerns around drug shortages and supply chain resilience intensify, attention is shifting upstream toward how APIs are manufactured, where they are sourced, and what it will take to rebuild domestic production capacity. At the same time, advanced manufacturing approaches like continuous flow are gaining traction as a way to improve efficiency, safety, and cost competitiveness in a traditionally low-margin market. In this episode of Off Script, we spoke with Brian Doty, vice president of R&D and programs at the API Innovation Center (APIIC), about the structural challenges facing generic drug manufacturing and the role advanced technologies could play in addressing them. The conversation explores why API supply is often the cause of downstream drug shortages, the technical and economic limitations of traditional batch processing, and how continuous manufacturing can reduce process steps, improve control, and enable safer production. Doty also discusses the practical barriers to adoption as well as the growing role of FDA engagement programs and policy incentives in accelerating change.
David Holt, President of Consumer Energy Alliance, sits down to unpack 20 years of fighting for affordable, reliable energy for regular Americans. From NIMBYism and lazy politics to the data center power surge, nuclear's comeback, carbon capture, and why the price of eggs is actually an energy story, this one covers a lot of ground and makes it all make sense.Click here to watch a video of this episode.Join the conversation shaping the future of energy.Collide is the community where oil & gas professionals connect, share insights, and solve real-world problems together. No noise. No fluff. Just the discussions that move our industry forward.Apply today at collide.ioClick here to view the episode transcript. 00:00 - What is Consumer Energy Alliance01:12 - Energy affordability and who it hits hardest03:14 - Politics, NGOs, and policy by soundbite05:34 - You can have clean energy and oil and gas08:31 - New England's self-inflicted energy crisis10:04 - Term-limited politicians and long-term problems12:19 - Gas prices and what consumers actually misunderstand14:41 - US energy self-sufficiency and geopolitical insulation16:42 - Reshoring, AI, and the new energy demand reality18:48 - Breaking down the Biden energy policy23:41 - Infrastructure deficits and the permitting war26:42 - How data centers should pay for their power29:51 - Inside data centers and why they use so much energy33:35 - Nuclear is back and it's actually cool37:27 - Texas, nuclear, and energy diversity41:10 - Carbon capture and community education44:28 - The next 10 to 15 years of energy change47:28 - What every American should know about energy49:29 - Energy Day festival in Houstonhttps://twitter.com/collide_aihttps://www.tiktok.com/@collide.iohttps://www.facebook.com/collide.iohttps://www.instagram.com/collide.iohttps://www.youtube.com/@collide_iohttps://bsky.app/profile/collide-ai.bsky.socialhttps://www.linkedin.com/company/collideai
After a wave of high-profile pledges to bring pharmaceutical manufacturing back to the United States, a clearer picture of what reshoring actually looks like is starting to emerge. Tens of billions of dollars have been committed to new U.S. plants, but those investments are unlikely to translate into immediate gains in domestic production. In this week’s episode of "The Top Line," Fierce’s Eric Sagonowsky sits down with Rosemary Coates, executive director of the Reshoring Institute, to unpack where the trend stands today and what comes next. Coates explains why the pharma industry is uniquely positioned to bring supply chains back to the U.S., and the challenges companies face as they try to do it. To learn more about the topics in this episode: UCB unveils plan to build $2B biologics plant near its US headquarters in Atlanta Pharmas have promised $370B in US investments amid 2025's onshoring boom: DPR Global pharma manufacturing output surged in '25 in 'front-loading' response to US tariff threats: report See omnystudio.com/listener for privacy information.
Ibis is making carbon frames in-house at a solar-powered California factory. We dig into why this is really a supply chain play, not just a sustainability story, and what it signals about the bike industry's manufacturing future.The Cycling Brief — Daily cycling intelligence, produced by SEMIPRO CYCLING.
กระแส Reshoring และแรงหนุนจากเม็ดเงินลงทุนใน AI - Data Center หลายแสนล้านดอลลาร์ กำลังเร่งให้เศรษฐกิจสหรัฐฯ เข้าสู่วัฏจักรอุตสาหกรรมรอบใหม่ นักลงทุนจะคว้าโอกาสนี้ เพื่อสร้างการเติบโตระยะยาวให้พอร์ตอย่างไร? ลงทุนนิยม ชวนมาพูดคุยกับ คุณกมลยศ สุขุมสุวรรณ ประธานเจ้าหน้าที่สายงานการลงทุน บลจ.แอสเซท พลัส #WealthMeUp #ลงทุนนิยม #AssetPlus #ASP #กองทุนA-AIRR คำเตือน: ผู้ลงทุน “โปรดทำความเข้าใจลักษณะสินค้า เงื่อนไขผลตอบแทน และความเสี่ยงก่อนตัดสินใจลงทุน” กองทุนมีนโยบายป้องกันความเสี่ยงจากอัตราแลกเปลี่ยนตามดุลยพินิจผู้จัดการกองทุน ผู้ลงทุนอาจขาดทุนหรือได้รับกำไรจากอัตราแลกเปลี่ยนหรือได้รับเงินคืนต่ำกว่าเงินลงทุนเริ่มแรกได้ กองทุนนี้ลงทุนกระจุกตัวในหมวดอุตสาหกรรม Industrials จึงมีความเสี่ยงที่ผู้ลงทุนอาจสูญเสียเงินลงทุนจำนวนมาก
Chris Stigall delivers a special Washington, D.C. edition from The Lion, featuring exclusive interviews with two key Trump administration leaders the day after the State of the Union. U.S. Labor Secretary Lori Chavez-DeRemer outlines the Department of Labor's broad role—from education and training to worker protections and retirement—highlighting pro-family policies, apprenticeships, skilled trades emphasis, and collaboration with SBA and Education to meet market demands. She discusses border security's workforce impact, legal immigration integrity, no tax on tips/overtime, and record small business optimism. SBA Administrator Kelly Loeffler details a historic small business boom—36 million firms, record formation, 20% deduction permanence, Made in America incentives, and reshoring from overseas supply chains. Both emphasize private-sector job growth, deregulation, and America's exceptionalism. The episode closes with Faith and Freedom 250, reflecting on religious liberty's role in U.S. history and its ongoing defense.00:00:00 - Introduction and Series Overview00:00:45 - The Lion News and Commentary Plug00:01:14 - Secretary Chavez-DeRemer Introduction00:01:34 - State of the Union Impressions00:03:05 - Role of Secretary of Labor00:04:28 - Workforce Training and Education Ties00:05:42 - Population and Workforce Growth Concerns00:07:17 - Border Security and Legal Immigration00:08:39 - Visa Programs and Integrity00:09:51 - Skilled Trades and Apprenticeships Push00:11:09 - No Tax on Tips/Overtime Benefits00:13:13 - Cabinet Collaboration and Mission00:15:47 - SBA Administrator Kelly Loeffler Introduction00:16:41 - Small Business Record Growth00:18:23 - Tax Incentives and Optimism Surge00:19:49 - Reshoring and Supply Chain Control00:21:17 - Health Insurance Challenges for Small Firms00:23:17 - Cabinet Unity and America First Focus00:25:28 - Faith and Freedom 250 SegmentFollow The Lion on Facebook, Instagram, X, and YouTube. You can also sign-up for our newsletter and follow our coverage at ReadLion.com. To learn more about the Herzog Foundation, visit HerzogFoundation.com. Like and follow us on Facebook, X, and Instagram, or sign up to receive monthly email updates. #ChristianEducation #Education #EducationPolicy #EducationReform #FaithAndLearning #Family #FaithInEducation #Faith #Homeschool #ChristianSchool #PrivateSchool #EducationNews #News #Religion #ReligiousNews #PublicSchool #SchoolNews #NewsShow #SchoolChoice
Patrick Mueller sees opportunity in reshoring, energy, and fixed-income amid market volatility. He expects inflation to keep increasing, tied to the rise in oil prices. Between that and the shock February jobs report, he thinks the Fed is going to make some moves. He warns that we won't see the pain from these recent moves hit for 3-6 months. “I wouldn't have too much tied to tech right now,” he adds.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about
In this episode of Develop This!, Dennis Fraise sits down with "America's factory whisperer," Didi Caldwell, President & CEO of Global Location Strategies, for a candid and strategic conversation about the realities of site selection in today's turbulent environment. Site Selectors Guild With more than two decades guiding large manufacturing and heavy industrial projects, Didi shares insider insight into how companies actually make location decisions — and where communities often fall short. From compressed project timelines to the reshoring debate, from data centers reshaping energy markets to the growing importance of investment-ready sites, this episode is a masterclass in modern economic development strategy. If your community wants to compete — and win — this conversation is essential listening. What You'll Learn The New Reality of Site Selection The world of site selection is more volatile than ever. "Slow is fast — and fast is fraught with mistakes." Companies often fail by not aligning internal stakeholders before launching a search. Falling in love with a location before the data supports it can derail projects. Didi emphasizes a critical principle: "We evaluate proof, not potential." Incentives: Myths vs. Reality Incentives can enhance a strong location — but they cannot fix fatal flaws. Communities have a responsibility to evaluate ROI. The best incentive? A truly investment-ready site. Discipline in underwriting incentives protects long-term community prosperity. "Communities have a responsibility too." Data Centers & the Energy Disruption Data centers are fundamentally reshaping: Energy markets Power pricing Infrastructure planning Community land use As Didi notes: "The power price just went up too high." Communities must proactively manage land planning and infrastructure capacity to avoid crowding out other investment opportunities. U.S Reshoring: Reality or Rhetoric? Reshoring isn't a full return of manufacturing — it's a rebalancing. The U.S. holds competitive advantages in energy costs for capital-intensive industries. High interest rates and tariffs complicate investment decisions. Smaller projects are often easier to site than megaprojects. The key? Understanding where your community truly competes. The Evolution of Virtual Site Visits Virtual tours are now a legitimate step in site selection. Communities must have accurate, organized, and accessible data. Speed matters — but speed without preparation increases risk. "You need to have the right information." Preparing Communities for Investment Successful communities: Know their strengths and weaknesses. Maintain updated site data and infrastructure assessments. Align utilities, workforce, and leadership. Act as problem solvers — not just marketers. "We have to demonstrate we can deliver." Key Takeaways for Economic Developers Investment readiness beats incentive generosity. Discipline beats optimism every time. Long-term thinking outperforms short-term wins. Preparation reduces risk. Speed without diligence leads to costly mistakes. Communities must prove viability — not just promise it. About Didi Didi Caldwell is President and CEO of Global Location Strategies, a world leader in site selection and incentive negotiation services and a two-time honoree on the Inc. 5000 Fastest-Growing Companies list. She is a member — and former chairperson — of the prestigious Site Selectors Guild and currently serves as Chair of the REDI Sites initiative. Didi holds a bachelor's degree in architecture from Clemson University and an international MBA from the Darla Moore School of Business. With expertise in large-scale manufacturing and heavy industrial projects, she has guided some of the world's most complex location decisions.
Fabian Alefeld hosts Duann Scott on the Editor Snack podcast to discuss how AI is evolving in additive manufacturing, moving from “AI-washing” and impractical text-to-mesh hype toward more capable tools using language models, visual language models, surrogate models, and emerging foundational models. Scott describes testing tools by trying to make them fail and highlights a recent success with the Raven plugin for Rhino/Grasshopper, which generated a parametric VESA mount and tripod adapter from minimal prompts, then iteratively added fillets and an isogrid structure and produced a printable part within hours. They discuss constraints like missing engineering training data and design intent, the promise of AI for toolpath and process optimization (including transfer of parameter knowledge across materials), and the role of the 3MF format in capturing toolpath and metadata to enable richer, searchable datasets. Scott previews CDFAM events in Barcelona, DC, and Tokyo and emphasizes that progress requires significant data work and investment. 00:00 Welcome and Guest Intro 02:18 AI Hype to Real Progress 04:13 Testing AI Design Tools 04:46 Data Gaps and Design Intent 07:15 Two Paths for AI Design 10:15 Raven Grasshopper Breakthrough 13:17 Pushing Parametric Complexity 20:28 Limits of Black Box Optimization 22:40 Toolpath and Material Transfer 26:18 Alloy Discovery and Qualification 28:05 3MF Role Teaser 28:18 3MF Format Overview 29:17 Smarter Toolpath Extensions 32:31 Metadata for AI Training 35:43 Data Ownership and Synthetic Data 39:59 AI Impact on Additive 44:10 Workforce and Reshoring 47:22 What Is CDFAM 49:49 CDFAM Audience and Format 51:43 DC Event and Government 54:05 Wrap Up and Thanks
The Supreme Court's ruling curbing tariff authority is a near-term setback, but Arthur Laffer sees it as a pivot as the administration turns to alternative trade tools to advance reshoring. Despite policy uncertainty and China-related headline risk, Laffer says the foundation for U.S. growth and equities remains intact.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about
Tait Duryea and Ryan Gibson sit down for a special hosts-only episode to break down where they see the biggest opportunities for 2026. From reshoring trends fueling industrial growth to the demographic wave driving senior living demand, they unpack the macro forces shaping real estate right now. They also explain why falling interest rates, reduced new construction, and renewed capital flows are creating a unique window for investors. Plus, they dive into debt funds, tax considerations, and why consistent cash flow can be a game-changer for high-income professionals looking to upgrade their money strategy.Show notes:(0:00) Intro(01:16) Announcing the 2026 Vegas conference(03:16) 2026 investment focus areas(04:18) Reshoring and industrial growth(08:25) Real estate cycle breakdown(12:52) Cap rate expansion explained(14:07) Self-storage supply trends(18:23) Senior living demand wave(21:48) Baby boomer wealth shift(29:27) Debt funds and cash flow(31:03) Tax strategy for debt investing(35:32) OutroIf you're interested in participating, the latest institutional-quality self-storage portfolio is available for investment now at: https://turbinecap.investnext.com/portal/offerings/8449/houston-storage/ — You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/ Join our growing community on Facebook: https://www.facebook.com/groups/passivepilotsCheck us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/Follow us on X @IncomePilots: https://twitter.com/IncomePilotsGet our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/Do you have questions or want to discuss this episode? Contact us at ask@passiveincomepilots.com See you at the next one!*Legal Disclaimer*The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions
Yerbol Orynbayev, former governor of the World Bank, digs into the latest CPI report and the U.S. economy. He calls the report “good news” but says inflation and tariff risks remain. Reshoring manufacturing also boosts costs, which can lead to higher prices, he notes. “Stay alert and see how things play out,” he says. The fall in energy prices was the highlight of the report, he argues. Yerbol covers the potential for Fed rate cuts this year under Fed Chair nominee Kevin Warsh. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about
Gold and silver aren't rising on hype, they're rising because the system behind them is breaking.Andy Schectman explains why record physical deliveries are forcing real price discovery, why paper suppression is failing, and why this move is not a bubble. As trust in the dollar erodes, central banks and institutions are positioning early, while the public is still on the sidelines.#gold #silver #stockmarket ---------------------Thank you to our sponsor: First Majestic SilverMake sure to pay them a visit: https://www.firstmajestic.com/-------------------
In this episode, host Steve Yates is joined by Leland Miller, co-founder of China Beige Book and U.S.–China Economic and Security Review Commission member, for a clear-eyed assessment of China's economy heading into 2026.Miller breaks down what analysts got wrong about China in 2025, why GDP figures and stimulus narratives are misleading, and how Xi Jinping is prioritizing advanced manufacturing and national security over household consumption. The conversation examines why a true shift to a consumer-driven Chinese economy is unlikely, how high U.S.–China tariffs have become sustainable rather than destabilizing, and why the real battleground has moved from trade wars to supply chain warfare.Key topics include supply-chain weaponization, rare earths and pharmaceuticals, tariffs versus effective tariff rates, transshipment, robotics and demographics, and the strategic risks facing the U.S. and its allies as globalization gives way to a fragmented, security-driven economic order. Watch Full-Length Interviews: https://www.youtube.com/@ChinaDeskFNW
My interview with Alex Grant, the Founder of Magrathea. His company has achieved a breakthrough in refining brines and seawater to create metals and rare earth materials. Magrathea has just signed an agreement with Tetra Industries in Arkansas to create a new US Magnesium supply from one of their bromine brines. This is a HUGE deal, not only a more sustainable way to make metal, but also reshoring a critical industry that we have outsourced to Russia and China. I'm a proud investor in Magrathea through my VC firm HyperGuap, and think this is one of the coolest startups to watch right now. Thanks for coming on the show Alex! This company should be on every tech nerds radar :)0:00 Magrathea: From Idea To Making Metal2:33 Magrathea TETRA Partnership In Arkansas6:32 Bringing Magnesium Production Back To USA11:39 A New Way To Make Metal (sustainably)14:24 Will Magrathea Go Beyond Magnesium?16:40 Timing & Economics of Arkansas Project18:32 Why Is Magnesium So Important? Magrathea's Origin Story23:50 Can You Compete With China On Magnesium Price?30:04 What's Next For MagratheaMagrathea Website: https://www.magratheametals.com/Alex Grant on X: https://x.com/biglithiumMy X: https://twitter.com/gfilcheHyperChange Patreon :) https://www.patreon.com/hyperchange Disclaimer: I'm an investor in Magrathea through my VC firm HyperGuap. This is not a recommendation to buy or sell securities.
PwC's Karl Russo and CBRE's Henry Chin share their outlook for the U.S. economy and commercial real estate in 2026, exploring opportunities and risks to growth.Key Takeaways:The U.S. economy should remain resilient in 2026.While the labor market finds a new equilibrium, many companies are racing to upskill and retain talent as they adopt AI processes.Reshoring and infrastructure improvements are expected to drive industrial growth in secondary markets.Data centers are positioned as a leading sector amid structural undersupply.
If the stories are to be believed, and the first casualty of war is truth and all that, Venezuelan President Nicolas Maduro sent some 3.6 million ounces of gold - $16 billion in today's money - to Switzerland before 2017, when the EU brought sanctions against Venezuela.Switzerland last week froze his accounts and the accounts of some 36 others with close ties. We don't know how much money he had in them, or how many accounts there were, but the figure doing the rounds is $10 billion.It has also emerged that Tether has been freezing “wallets identified as being involved in the Venezuelan oil trade.” As much as 80% of Petroleos de Venezuela's oil revenue is believed to be transacted in tether. This could be a total figure in the billions too.We also know that Venezuela was mining bitcoin for many years - when the price was a lot lower - but we don't know what they did with the coins. Did they fall into Maduro's hands? Were they sold? Were they held?The number doing the rounds here that it owns 600,000 BTC (~$60 billion). That would put Venezuela up there with Michael Saylor and Strategy. It's three times the 198,000 coins the US government itself is said to own.There's a seed phrase I'd like to know. Where are the keys, I wonder?And where did the proceeds of Venezuela's enormous oil, gold and other natural resource exports end up, exactly? Only some of them we know. At this point we remind you that the Venezuelan currency itself - the bolivar - collapsed in hyperinflation and has little to no value. Beware national currencies, particularly under socialist regimes. They don't last.There are several things I take away from all of this.First, the US dollar - whether via SWIFT or stablecoin - remains the number one international currency of choice, even for America's enemies.Second, tether and other US dollar stablecoins might be convenient - you don't have to use banks - but Tether will do what the US government tells it to do, and if the government wants your assets frozen, Tether will freeze them.Stablecoins, then, have a central point of failure. If someone can freeze them, they are not sovereign. And just as the US froze Russian US dollar assets after its invasion of Ukraine, so can and will it freeze the stablecoin assets of its enemies too.What did that 2022 freezing of Russian assets trigger? The mother of all bull markets in gold, and then silver and miners.What will this freezing trigger? A bull market in bitcoin. Possibly. Likely.It's already creeping back up.While the US does its geo-political, strategic, critical minerals thing, quaint old Western Europe is sinking deeper into higher taxes and - I'm sure they're coming eventually - capital controls. In fact, capital controls already exist in effect, banks are so heavily regulated and limiting of what you can send and to whom.The value of permissionless, international money just went up.You need to own money that they can't touch, whether by seizure or debasement.Meanwhile …Gold and silver continue to go bananas - the latter especially.So many roads lead to gold at the moment, it's hard to see when this stops.The inevitable debasement of national currencies off the back of uncontrollable government spending. Gold. Dedollarisation. Gold. Increasing geo-political uncertainty - Iran, Venezuela. Gold. Reshoring of US industry - highly inflationary. Gold. Revaluation of US gold holdings. Gold. Looming crisis from Japan as yields spike. Gold. China's ambitions for its currency and trade. Gold. Triffin's dilemma. Gold. AI putting everyone out of work leading to more money printing. Gold. Declining competence of and as a result faith in institutions worldwide. Gold.The dollar has now fallen to a 40% share of global central bank reserves, while gold is now at 30% on the back of its higher price and central bank accumulation. (Note currency and reserves are not the same).We are in a major capital rotational event the like of which occurs only every few decades.Typical portfolios are still underweight gold.If you live in a Third World Country such as the UK, I urge you to own gold or silver. The pound is going to be further devalued. The bullion dealer I recommend is The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, US, Canada and Europe or you can store your gold with them. More here.Own bothAs regular readers will know, I advocate owning both bitcoin and gold. The two assets have many similarities in that they are non-government, independent money. But the fundamental difference is that one is physical and one is digital.Both have their uses, and I have little patience with this notion that one must choose one or the other.In that regard, as with many others, my worldview is aligned with that of Charlie Morris (whose newsletters I urge you to subscribe to. There are lots of free options, including Atlas Pulse, which I love). Remember many years ago Charlie was calling for $7,000 gold by the end of this decade and many thought he was dotty. His call is looking perfectly sensible now, which it was - and which he is. Charlie previously managed a multi-billion-dollar fund for HSBC, before going solo. Aside from his newsletter, one his main endeavours has been BOLD, and he has been trying to get it listed for years. But the UK's Financial Conduct Authority is retarded.BOLD is a fund you can buy through a broker which is 75% gold and 25% bitcoin - all properly audited and backed, of course, with institutional-grade custody.Over the past five years, BOLD has returned 186%, while bitcoin has returned 202%, gold 128%, and equities 77%. The average return of bitcoin and gold together was 165%, yet BOLD was 21% ahead. This is because every month Charlie rebalances the portfolio, effectively buying more of whichever is the weaker asset to retain that 75:25 ratio. This act of rebalancing both strips out the volatility and increases the gains.Since Charlie first conceived of it in 2017, over pretty much any timeframe, BOLD (in blue) has beaten everything.Since its listing in Europe in 2022 BOLD has returned 123% since launch (in GBP to end 2025 including fees) compared to 111% for bitcoin and 113% for gold.It would have been nice to have been able to enjoy these gains in the UK. Thank goodness the FCA has protected us from them.Not for much longer.I was delighted to be at the London Stock Exchange yesterday to see the listing of this product which delivers “bitcoin-like returns with the lesser volatility of gold.”Congratulations, Charlie, for finally getting this listed. I wish you every success.Now we can actually invest.Obviously, if gold AND bitcoin both turn down, BOLD will suffer. But this is a classic buy-and-forget product, perfect for the Dolce Far Niente portfolio. You can own it in your pension, your ISA and it should become a mainstay of any portfolio.The 21Shares Bitcoin Gold ETP, BOLD, has the ticker LSE:BOLD.I am a buyer.PS some brokers such as AJ Bellend have only made this product available to pro investors. The broker I use is Interactive Investor, who are pretty good about getting these kinds of things live. If you open an account via this link you get a year's free. I am just on the phone to them now to get this listed.Disclaimer:The Flying Frisby is not regulated by the Financial Conduct Authority (FCA) or any other regulatory body as a financial advisor. Therefore, any information provided in this newsletter does not constitute regulated financial advice. It is solely an expression of opinion. Please conduct your own due diligence and consult with a financial advisor, if you have any doubts. Remember, markets can both rise and fall, especially in the case of small and mid-cap stocks. I am not aware of your individual financial circumstances, so only invest money that you can afford to lose. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe
Our U.S. Thematic Strategist Michelle Weaver and U.S. Multi-Industry Analyst Chris Snyder discuss a North America Big Debate for 2026: Whether investments in efficiency and productivity will spark a transformation of U.S. manufacturing. Read more insights from Morgan Stanley.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, Morgan Stanley's U.S. Thematic and Equity Strategist. Chris Snyder: I'm Chris Snyder, U.S. Multi-Industry Analyst. Michelle Weaver: Today: Will 2026 be the year of U.S. Manufacturing's transformation? It's Tuesday, January 13th at 10am in New York. U.S. reshoring has been an important component of our multipolar world theme, and manufacturing is one of those topics we have always had our eyes on. We've been making some big predictions about a transformation in this sector, so it makes sense that it features prominently in the big debates we've identified for North America in 2026. In the last few years, there's been a steady stream of investments in automation controls and upgrades across U.S. manufacturing. And this is happening against a backdrop of shifting global supply chains and lingering policy uncertainty. Now, the big market debate is whether these investments will generate a whole wave of greenfield projects – that is brand new, multi-year construction initiatives to build facilities, factories, and infrastructure from the ground up. Chris, what exactly is driving this current wave of efficiency and productivity investment in U.S. manufacturing? And how long term of a trend is it? Chris Snyder: I think what's driving the inflection is tariffs. The view that has underpinned my U.S. reshoring call is that I believe companies have to serve the U.S. market. The U.S. accounts for 30 percent of global consumption – equal to EU and China combined. It is also the best margin region in the world. So, companies have to serve the market, and now what they're doing is they're going back and they're looking at their production assets that they have in the U.S. and they're saying, how can I get more out of what's already here? So, the quickest, cheapest, fastest way to bring production online in the U.S. is drive better productivity and efficiency out of the assets you already have. And we're seeing it come through very quickly after Liberation Day. Michelle Weaver: And you think these investments are an on ramp to larger greenfield projects. What evidence do we have that this efficiency spend is setting the stage for a ramp up in new factory builds? Chris Snyder: I think this is absolutely the leading indicator for greenfields because this is telling us that the supply chain cost calculation has changed. What all of these companies are doing are saying, ‘Okay, how can I get products into the U.S. at the cheapest cost possible?' What we're seeing is the cost of imports have gone higher with tariffs, and now it's more economically advisable for these companies to make the product in the United States. And if that's the case, that means that when they need a new factory, it's going to come to the United States. They might not need a factory now, but when they do, the U.S. is at least incrementally better positioned to get that factory. Other data that we're seeing; I think the most interesting data that's come out of all of this is the bifurcation in global PPI or producer price data. If you look at it on a regional basis, North America markets saw PPI go higher in 2025. They were all the tariff exempt regions – U.S., Canada, and Mexico. Every other region in the world saw PPI down year-to-date. That means that these companies and factories are having to lower prices to stay competitive in the global market and sell their products into the United States. That tells us also where the next factory is going. If you have a factory in the U.S. and a factory in Malaysia, and your U.S. factory is pricing up, that means the return profile is getting better. If your factory in Malaysia is pricing down, it means the returns are getting worse and you're pricing down because it's over-capacitized. That's not a region where you're going to add a factory. You know, what I like to say is – price drives returns, and supply is going to follow returns. And right now, that price data tells us the returns are in the United States. Michelle Weaver: And, for people that might not be familiar with PPI, can you explain it to everyone? It's sort of like CPIs cousin, but how should people think about it? Chris Snyder: Yeah, yeah, so PPI, Producer Price Inflation, it's effectively the prices that my companies, the producers of goods are charging. So maybe this is the price that they would then charge a distributor, who then the distributor ultimately is selling it to a store. And then that's, you know, kind of factoring its way into CPI. But it starts with PPI. Michelle Weaver: And what are some of the key catalysts investors should be looking for in 2026 that could confirm that this greenfield ramp is underway? Chris Snyder: The number one, you know, metric I think the market looks at is manufacturing project starts. Every month there's data that comes out and says how many manufacturing projects were announced in the U.S. that month. And what we've seen coming out of Liberation Day is that number on a project value has gone higher. You know, it hasn't totally inflected, but it has pushed higher. The thing that has inflected is the number of announcements. So, this is not like two or three years ago where we had these mega projects. What we're seeing right now is very broad. And to me that's more important because that shows that there's durability behind it. And it shows that this is because the economics are saying it makes sense. It's not necessarily just because, okay, I got an incentive and I'm trying to follow alongside that. Michelle Weaver: Mm-hmm. The market seems skeptical though, pointing out that the ISM manufacturing purchasing managers index has been shrinking. This could be a sign that demand isn't strong enough to justify building new factories right now. How would you address that concern? Chris Snyder: Yeah, no, I mean, you're definitely right. Like the biggest pushback on the reshoring theme is the demand for goods is not very strong. Consumers are not in a good place. So why would companies add capacity in this backdrop? That's never happened before. Companies only add capacity when they're producing a lot and the utilization goes up. This is not a normal cycle. Throughout history, the motivation to add capacity was when your production rates go higher, your utilization hits a certain level, and then you add capacity. So, it always started with demand to your point. The motivation right now is tariff mitigation. And you do not need higher demand to support that. The U.S. is a $1.2 trillion trade deficit. So, that more than anything gets me confident in the theme and the duration behind it. And I think it's a very different outlook when you look across the international markets. They're the ones that need to find incremental demand to justify investment. Michelle Weaver: And given the scale of U.S. purchasing power and the shift in global capital flows, how do you see these manufacturing trends impacting broader performance in 2026? Chris Snyder: We published our outlook and we're calling for the U.S. Industrial Economy to hit decade high growth levels in the back half of [20]26 and into [20]27. And this is a big reason why. We think about this a lot from a CapEx perspective. And we're seeing the investment, we think that ramps into larger greenfields. But we're also seeing it in the production economy. If you look at the delta between U.S. consumer spend and U.S. manufacturing production, that has really narrowed in recent months. And that tells us that we're increasingly serving U.S. demand through domestic production. So that's another factor that's going to drive activity higher and it doesn't need a cycle. And I think that's what's really important. And I think that is what creates this as a more secular and also durable opportunity. So obviously reassuring is something that's, you know, very close to me and important for the industrial economy. But as you think about the multipolar world theme more broadly, how do you think that evolves in 2026? Michelle Weaver: Yeah, absolutely. Last year the multipolar world was an incredibly powerful theme. And when investors were thinking about the multipolar world last year, it was largely about how are companies going to mitigate the risk of tariffs in the near term. We had the policies come out and surprise everyone in terms of the breadth and the magnitude of the tariffs we saw. We had a lot of policy uncertainty around what is that final level of tariffs going to look like. And a lot of the reaction was really short term. It's how can we use our inventory buffers to try and preserve our margins? How much of these additional tariff costs can we pass off to the end customer? How can we insulate ourselves in the near term? I think this year it's going to turn to more longer-term strategic thinking. Reshoring and a lot of the greenfield projects you were talking about, I think will absolutely be an important component of the multipolar world this year. I think we're also likely to see a greater emphasis on U.S. defense. With the action we just saw in Venezuela. I think we're going to see more of that defense component of the multipolar world starting to be expressed in the U.S. It was a big part of the expression of the theme in Europe last year, but I think it will gain relevance in the U.S. this year. Chris Snyder: Yeah. And I think the next chapter in U.S. industrial growth is just getting going. It's taken 25 years for the U.S. to seed roughly 12 percentage points of global share in manufacturing. We don't think they take that much back. But we think this is a very long runway opportunity. Michelle Weaver: Mm-hmm. And as we watch for the next wave of greenfields, it's clear that efficiency and productivity investments are more than just a stop gap. They're a longer-term theme and they're a foundation for a new era in U.S. manufacturing. Chris, thank you for taking the time to talk. Chris Snyder: Great speaking with you, Michelle. Michelle Weaver: And to our listeners, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen to the show and share the podcast with a friend or colleague today.
In this episode, Mike Babbitt from Synovus is on the podcast to talk about the inherent risks associated with importing goods, and how you can reduce that risk especially when starting with new suppliers. He shares various strategies to illustrate these challenges, and the importance of understanding the international trade landscape. Mike Babbitt, Synovus's Head of Trade and Supply Chain Finance Origination, is on the podcast today to talk about the various risks that importers (and exporters) are facing in 2025 and 2026 and how you as an importer can protect yourself when importing. Mike also talks about the various trends he's observed over the years and how we're slowly moving to a "just right" inventory model. If you're looking to expand your product portfolio with new suppliers, this episode may be for you. Timestamps 00:00 - Introduction to International Trade and Sonovus Bank 02:56 - Understanding Risks in Importing and Exporting 05:55 - Mitigating Risks with Letters of Credit 09:02 - Practical Scenarios for Using Letters of Credit 11:55 - Exploring Trade Financing Mechanisms 14:57 - Current Trends in Importing and Exporting 17:54 - Reconfiguring Supply Chains and Reshoring 21:06 - Economic Outlook and Consumer Confidence 24:01 - Conclusion and Contact Information Mike, thanks for coming on the podcast. If you'd like to reach out to Mike, you can check him out on his LinkedIn page here. As always, if you have any questions or anything that you need help with, leave a comment down below if you're interested. Don't forget to leave us a review on iTunes if you enjoy our content. Thanks for listening! Until next time, happy selling!
Let's talk about Trump semiconductor tariffs and the reshoring fantasy....
One of the questions I think about constantly is what actually makes a machine shop valuable. Not just today, but five, ten, or even twenty years down the road. It's easy to point to machines, revenue, or backlog, but the real drivers of long-term value usually run much deeper. That's exactly why I wanted to sit down with Jamie Goettler, Chief Revenue Officer of BTX Precision, for this episode of Machine Shop Mastery. BTX Precision is one of the fastest-growing advanced manufacturing platforms in the country. Jamie brings a rare blend of perspectives to the conversation. With more than two decades at MSC Industrial Supply, deep experience in innovation and machining technology, and now a front-row seat to platform growth through acquisition, he understands what separates shops that simply survive from those that truly thrive. In our conversation, we dig into what BTX looks for when acquiring companies. We talk about why capability, cleanliness, people, and culture matter more than ever. We also cover the metrics that actually signal business health, including book-to-bill, customer concentration, technology adoption, and employee engagement. Jamie shares how BTX balances scale with continuity, keeping individual business units intact while supporting them with capital, leadership, and shared resources. We also explore where manufacturing is headed next. From the real inflection point happening in additive manufacturing to the growing importance of cybersecurity and CMMC compliance, this episode covers issues every shop leader needs to be thinking about right now. Whether you plan to sell your business someday or simply want to build a stronger one, this conversation offers practical insight into how sophisticated manufacturers are positioning themselves for the future. You will want to hear this episode if you are interested in... (0:00) What separates "rare air" machine shops through advanced capability, talent, and equipment (1:35) Episode introduction and overview of BTX Precision and platform growth (3:54) Jamie Goettler's background from MSC to innovation, patents, and machining dynamics (7:26) Machining dynamics, vibration control, and their impact on throughput and profitability (8:54) IMTS 2026 Exhibitor Workshop sponsor segment and exhibitor ROI planning (12:46) Introduction to BTX Precision's acquisition strategy and advanced manufacturing focus (15:28) Capability-driven acquisitions, cross-selling, and multi-brand platform strategy (17:54) Scale of BTX Precision including employees, equipment count, and geographic footprint (18:45) BTX Match platform and improving supply chain transparency for buyers and engineers (21:15) Additive manufacturing adoption, DFAM, and the current industry inflection point (24:09) Accelerating product development and R&D through additive and hybrid manufacturing (25:32) Private equity partnership model, leadership alignment, and long-term investment mindset (29:11) Key metrics used to evaluate shop health including book-to-bill and technology adoption (32:10) Phoenix Heat Treat sponsor segment on transparency and outside processing visibility (34:51) Post-acquisition playbook focused on continuity, empowerment, and shared services (37:31) Why shop cleanliness, organization, and appearance directly impact valuation (40:19) Cybersecurity, CMMC compliance, and preparing for defense and aerospace requirements (44:04) Workholding Wisdom sponsored segment with Larry Robbins on safety, sealing, and reliability (53:43) Customer concentration risk and targeting complex, high-value work (59:42) Reshoring, manufacturing's economic multiplier, and workforce impact (1:02:54) Long-term stewardship of manufacturing, people, and community outcomes (1:04:41) Hire MFG Leaders sponsor message on recruiting and retaining manufacturing talent Resources & People Mentioned Why you need to head to the IMTS Exhibitor Workshop Why we love the honesty and transparency Phoenix Heat Treating provides Paperless Parts Check out our newest service: Hire MFG Leaders Connect with Jamie Goettler BTX Precision BTX M.A.T.C.H. Connect on LinkedIn L2 Capital Partners Connect With Machine Shop Mastery The website LinkedIn YouTube Instagram Subscribe to Machine Shop Mastery on Apple, Spotify
A century ago, two cookware companies were born 12 miles apart in Wisconsin. One was bought right after World War II by a door-to-door salesman who converted it back to cookware after it had been repurposed for munitions. Today, those two companies have merged into SynergyOps, a 115-year-old legacy manufacturer with first through fourth generation employees still walking the factory floor.David Duecker, President of SynergyOps, joins the show from the factory floor in West Bend to discuss the company's evolution, their approach to automation, and what reshoring can look like for manufacturers. He explains how West Bend evolved with consumer demand over the decades, expanding into appliances like coffee makers and popcorn poppers, but when appliances started moving overseas in the 80s, they made a critical decision: divest and double down on their core strength, high-quality cookware.David's vision for the factory of the future isn't lights-out automation, it's highly automated with the people they have today, just doing different jobs. He also shares why manufacturing sustainability isn't just about solar panels and water recycling; it's about corrugated boxes coming from five miles down the road instead of across an ocean.In this episode, find out:How SynergyOps retains institutional knowledge across four generations of employeesWhy David looks for problem solvers who are intuitive and curious during hiringDavid's vision for the factory of the future: highly automated, but still powered by peopleHow his background as a customer in the bike industry shapes his approach to contract manufacturingThe chemistry problem the cookware industry is trying to solve around PFAS-free non-stick coatingsWhy tariffs and COVID got manufacturers seriously rethinking single-source supply chainsHow partnering with Moraine Park Technical College helps build the next generation of skilled craftspeopleWhy Synergy Ops brings retirees back to lead tours and train new hiresEnjoying the show? Please leave us a review here. Even one sentence helps. It's feedback from Manufacturing All-Stars like you that keeps us going!Tweetable Quotes:“As organizations, we're always looking to expand or go to our adjacencies to try and grow our market. Sometimes it's important to focus on your core and what you're really good at. Go all in on that and penetrate the market that way.”“The factory of the future for us is highly automated with the people we have today, who are able to solve problems and make an impact every day, but they may just be doing a different job.” “We never talk about the sustainability of manufacturing in the US. People often think about it in terms of water, air and gas, but sustainability can also mean cutting down on air, freight or ocean travel time too.”Links & mentions:SynergyOps, a contract manufacturer and private label partner with over a century of manufacturing history in West Bend, Wisconsin, specializing in cladded stainless steel and cast aluminum cookware for established and emerging brands.Moxa, delivering the reliable and secure connectivity foundation that advanced analytics and AI depend on, with solutions in edge connectivity, industrial computing, and network infrastructure. Make sure to visit http://manufacturinghappyhour.com for detailed show notes and
Is AI the secret sauce that lets the West deglobalize supply chains and bring factories back home?In this episode of TechFirst, I talk with Federico Martelli, CEO and cofounder of Forgis, a Swiss startup building an industrial intelligence layer for factories. Forgis runs “digital engineers” — AI agents on the edge — that sit on top of legacy machinery, cut downtime by about 30%, and boost production by roughly 20%, without ripping and replacing old hardware.We dive into how AI agents can turn brainless factory lines into adaptive, self-optimizing systems, and what that means for reshoring production to Europe and North America.In this episode, we cover:• Why intelligence is the next geopolitical frontier• How AI agents can reshore manufacturing without making it more expensive• Turning old, offline machines into data-driven, optimized systems• The two-layer model: integration first, vertical intelligence second• Why most manufacturing AI projects fail at integration, not algorithms• How Forgis raised $4.5M in 36 hours and chose its lead investor• Lean manufacturing 2.0: adding real-time data and AI to Toyota-style processes• Why operators stay in the loop (and why full autonomy is a bad idea… for now)• Rebuilding industrial ecosystems in Europe and North America, industry by industry• What Forgis builds next with its pre-seed round and where industrial AI is headedGuest:
Susan Spence from ISM Manufacturing reacts to the latest U.S. manufacturing data as the PMI shows contraction for the ninth straight month. “Supply deliveries are happening quicker,” which is actually a sign of overall slowness, she notes. However, some sectors like computers and food & beverage showed some strength, though Susan thinks that could be transitory. Susan previews how manufacturers are approaching 2026 and goes over some of the decisions they're making around tariffs and reshoring.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
In late October, amid the choreography of President Trump's visit to Tokyo, two vast and curiously intertwined announcements were made: an $80 billion strategic partnership between the U.S. government and Westinghouse Electric Company, and a $550 billion investment framework between the United States and Japan.This episode of Decouple, hosted by AJ Camacho of Politico and E&E News, brought together Michael Seely, Yuri Humber and Chris Keefer this time in the guest seat to discuss the implications of this deal for the United States, Japan and Canada. Listen to Decouple on:• Spotify: https://open.spotify.com/show/6PNr3ml8nEQotWWavE9kQz• Apple Podcasts: https://podcasts.apple.com/us/podcast/decouple/id1516526694?uo=4• Overcast: https://overcast.fm/itunes1516526694/decouple• Pocket Casts: https://pca.st/ehbfrn44• RSS: https://anchor.fm/s/23775178/podcast/rssWebsite: https://www.decouple.media
© 2020-2026 Ivy Podcast Discovery LLC
