Podcasts about reshoring

Every medical device implanted in a patient, every cell phone produced at launch scale, every vaccine vial filled at twelve hundred units per minute exists because of industrial automation. It is the invisible infrastructure behind modern manufacturing, and it is one of the fastest growing sectors in the global economy. Darragh de Stondún has spent his entire career at the center of it. After leaving Ireland in 1998 in pursuit of the automation innovation happening in America, he spent decades building and leading automation businesses across the US, Germany, Ireland, and the UK. In August 2024, he co-founded AIR, an automated industrial robotics platform that has already acquired six best-in-class automation companies across three countries, grown to more than 500 employees, and is producing hundreds of millions in revenue. The timing could not be better. Reshoring, semiconductor expansion, and the race to automate manufacturing across life sciences, logistics, and consumer electronics are pushing the sector toward a hundred billion dollar market. AIR is building the platform designed to serve that market, and de Stondún is building it the same way he has always built machines: with precision, discipline, and an obsessive focus on getting every part of the system right.On this episode of The Reboot Chronicles Podcast, we sit down with Darragh de Stondún, CEO of AIR, to unpack how he is building a unified automation powerhouse rather than a collection of acquired companies, why automation is no longer optional for manufacturers competing in a reshored America, how AI is reshaping what is possible in industrial robotics, what humans in the loop actually means on a factory floor, and why the biggest challenge in building AIR is not technology but separating signal from noise in a market moving faster than ever.

Dupree Financial Group  Blog & Podcast The Tom Dupree Show The Financial Hour · Hour 2 · August 8, 2026 Is the AI Rally a Bubble? What Retirees Should Watch For The Tom Dupree Show | Dupree Financial Group | dupreefinancial.com | 859-233-0400 By Tom Dupree, Founder, Dupree Financial Group III     Ii               I iiI.  Is this AI Rally Built to Last? Turn on any market report lately, and you’ll hear the same story: a handful of AI-linked names are doing most of the heavy lifting. On this week’s Financial Hour, Tom sat down with analyst James Dupree and market analyst Michael Dawahare to talk through what’s actually driving that rally — and it’s a more complicated story than “AI stocks are up.” The conversation opened with reshoring: American companies bringing manufacturing back from overseas, and the market slowly absorbing the idea that this makes more sense than the offshoring wave of the ’70s, ’80s, and ’90s. From there it moved into the AI infrastructure buildout, the old industrial companies suddenly catching a second wind because of it, and a cautionary tale about a leveraged AI hedge fund that lost 78% of its value in three weeks. Tom, James, and Michael walked through the Gold Rush and dot-com parallels, why diversification matters more than ever in a fast-moving sector, and where Dupree Financial Group is finding value right now — financials, insurance, mortgage REITs, and energy. The short version: something real is happening in AI and in American manufacturing. But a real trend and a sure thing are two very different things, and knowing the difference is the whole job. “There’s gonna be people riding high on AI right now who in four years may not be. Don’t just focus on the new technology — ask what are the derivative trades, what can go wrong. Because something will.” — Tom Dupree Topics Covered Why the market is absorbing the reshoring of U.S. manufacturing — and why that’s different from a tariff headline The AI infrastructure buildout, and which “old economy” companies (Johnson Controls, Cummins) are catching a second wind from it The Leopold Aschenbrenner story: how a 4x-leveraged AI fund went from $45 billion to a forced $10 billion sale in about three weeks Gold Rush and dot-com parallels — and who actually made the money when a boom goes bust Regional mall traffic and the return of in-person, live entertainment spending as a signal worth watching Why financials, insurance, and mortgage REITs are on Dupree Financial Group’s radar right now The capital gains tax cost of trying to “sell at the top” and buy back in lower Why a “set it and forget it” approach is especially risky in a fast-moving sector like AI Security concerns as new AI models test the limits of their own guardrails Key Takeaways Reshoring is showing up in the data, not just the headlines. Manufacturing activity has expanded for several consecutive months, and reshoring initiatives have driven a meaningful number of announced U.S. manufacturing jobs since 2010 — a trend the show connected directly to the “picks and shovels” companies benefiting from it. AI infrastructure spending is running far ahead of AI revenue. The largest tech companies are on pace to spend hundreds of billions on AI infrastructure this year alone — spending that, by some estimates, is outpacing the revenue AI products are currently generating. That gap is exactly what Tom, James, and Michael were pointing to when they said “something will go wrong.” Leverage turns a good idea into a forced sale. The Leopold Aschenbrenner fund didn’t lose money because AI was a bad bet — it lost money because a 4x-leveraged position can only absorb so much of a pullback before it’s liquidated. That’s a lesson about position sizing, not about AI. History says the “picks and shovels” companies often outlast the flashiest players. Tom’s Levi Strauss story from the Gold Rush isn’t just a fun aside — it’s the show’s real thesis. When a boom happens, the companies supplying the boom sometimes outlast the speculative names chasing it. Diversification is what protects you when some AI names don’t make it. Nobody on the show argued AI is fake. The argument was that not every AI company will succeed, and a portfolio built around five or ten concentrated bets is a very different risk profile than one spread across sectors. Trying to time a pullback can trigger its own tax bill. Selling a highly appreciated position to avoid a possible drop means paying capital gains tax on the gain — which, as James pointed out, can functionally act like selling at the top even if the stock never actually drops that far. Dividend-paying sectors remain the core of the plan, regardless of what AI does next. Financials, insurance, mortgage REITs, and energy were named as areas of current focus — companies tied to real, ongoing economic activity rather than to a single technology cycle. “Set it and forget it” is the riskiest approach in a fast-moving sector. The show’s closing message: stay alert, stay informed, and know what you own — because in a sector that can move 10-15% in a day, being asleep at the wheel is exactly when it costs you. The Reframe: What This Means for Your Portfolio Here’s where we’d push the conversation a step further than the show had time for. The AI story and the reshoring story aren’t really two separate topics — they’re the same story told twice. Both are examples of real, durable economic activity attracting an amount of capital that may or may not be justified by what it produces. The five largest U.S. tech companies are on pace to spend somewhere in the range of $660–690 billion on AI infrastructure this year alone, nearly double the year before, according to industry analysis from Futurum Group. Other estimates put the ratio of AI infrastructure spending to AI software revenue at close to eighteen-to-one, per S&P Global research reported by ETF Trends. That doesn’t mean the technology is fake — it means the payoff isn’t set to arrive on the same timeline as the spending, and it may not arrive on that timeline at all. The Bank for International Settlements — essentially the central bank for the world’s central banks — has already flagged the scale of this spending as a risk worth watching, noting that combined AI capital expenditure across 2025 and 2026 is outpacing the free cash flow of the companies funding it, per Fortune’s reporting. Fidelity’s own research team has taken a more measured view, noting that as of early 2026 they aren’t yet seeing some of the classic bubble warning signs, like shrinking free cash flow among the AI leaders — but they’re watching closely, and so should you (Fidelity). Both things can be true at once, which is exactly what Tom, James, and Michael said on air. This is precisely the environment dividend-focused, diversified investing was built for. Research from Hartford Funds, using data going back to 1973, has found that companies that grew or initiated a dividend have historically delivered higher returns than the broader market with meaningfully less volatility than non-dividend payers (Hartford Funds). That’s the case for owning financials, insurance, and energy alongside — not instead of — exposure to the AI and reshoring trends. You get to participate in the buildout without betting the whole plan on any single piece of it working out on schedule.     Related Reading Listen to this episode and browse past shows on the Podcasts page Learn more about our approach and team on the About Us page Schedule your own complimentary portfolio review from the DFG homepage About The Tom Dupree Show The Tom Dupree Show is hosted by Tom Dupree, founder of Dupree Financial Group and a 48-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 Podcast tab. TD Tom Dupree Founder of Dupree Financial Group and host of The Tom Dupree Show. Tom started in the investment business in 1978 as a municipal bond salesman, and has spent 47 years building an income-first, fee-only approach to retirement investing in Lexington, Kentucky. Schedule a Complimentary Portfolio Review If you’re not sure whether you know what’s actually driving your portfolio’s gains right now — and whether it could unwind as fast as it built — 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 { "@context": "https://schema.org", "@type": "PodcastEpisode", "name": "Is the AI Rally a Bubble? What Retirees Should Watch For", "url": "https://www.dupreefinancial.com/is-the-ai-rally-a-bubble-what-retirees-should-watch-for/", "datePublished": "2026-08-08", "description": "Tom Dupree, James Dupree, and Michael Dawahare discuss the AI market rally, reshoring, and where Dupree Financial Group sees value for retirement portfolios right now.", "partOfSeries": { "@type": "PodcastSeries", "name": "The Tom Dupree Show", "url": "https://www.dupreefinancial.com/podcasts" }, "author": { "@type": "Person", "name": "Tom Dupree" } } { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "Is the AI stock rally a bubble?", "acceptedAnswer": { "@type": "Answer", "text": "It's too early to say for certain. AI infrastructure spending is running well ahead of AI revenue, which is a real warning sign, but the underlying technology and demand are also real. The honest answer is: parts of it may be a bubble, and parts of it may not be — which is exactly why diversification matters." } }, { "@type": "Question", "name": "What is reshoring, and why does it matter to investors?", "acceptedAnswer": { "@type": "Answer", "text": "Reshoring means bringing manufacturing and industry back to the U.S. from overseas. It matters to investors because it's benefiting a range of established industrial companies, and manufacturing activity data has shown consistent signs of expansion." } }, { "@type": "Question", "name": "What happened with the Leopold Aschenbrenner AI hedge fund?", "acceptedAnswer": { "@type": "Answer", "text": "A hedge fund that was leveraged roughly 4-to-1 on AI infrastructure stocks was forced to sell at a steep loss after the market moved against it, dropping from about $45 billion in net asset value to roughly $10 billion in about three weeks. It's a reminder that leverage, not the underlying investment thesis, is often what causes forced losses." } }, { "@type": "Question", "name": "Should retirees own AI-related stocks?", "acceptedAnswer": { "@type": "Answer", "text": "There's no one-size-fits-all answer, and this isn't individualized advice. Generally speaking, exposure to a trend like AI works best as part of a diversified, income-generating portfolio rather than as a concentrated bet, especially for retirees who need their money to last for decades." } }, { "@type": "Question", "name": "What is Dupree Financial Group's approach to sector risk like AI?", "acceptedAnswer": { "@type": "Answer", "text": "Dupree Financial Group focuses on dividend-paying stocks and bonds across a range of sectors, including financials, insurance, and energy, rather than concentrating in any single trend. The goal is income and growth investors can understand, not a bet on any one technology." } } ] } The post Is the AI Rally a Bubble? What Retirees Should Watch For | Dupree Financial Group appeared first on Dupree Financial.

This month: fatal H2S release investigation findings, the final Conyers warehouse fire report, ACC's pushback on Brazil tariffs and a call for unified EPA-OSHA chemical safety rules and a reality check on AI in advanced process control.

Deglobalization is rewriting where factories get built, and Ujjwal Kumar of Siemens explains what has to change on the plant floor before reshoring actually works.For thirty years the manufacturing playbook was labor arbitrage. Move high volume, low mix production to wherever disciplined labor was cheapest, then ship it back. Ujjwal Kumar, President of Automation for Siemens Digital Industries in the Americas, argues that model has quietly stopped making sense. Demand has fragmented into high mix, lower volume, regionally specific production, and the factories in Suzhou running on robots and autonomous systems no longer carry a cost advantage over the same operation in Chicago. When the labor content collapses, the business case for distance collapses with it. That single shift explains more about the current reshoring wave than any tariff headline.The trigger was not one event. Supply chain disruption after COVID proved that geographic proximity to supply was a profitability advantage, not a nice to have. Then came the political shock: vaccine access turned out to be governed by country of citizenship rather than global distribution, and leaders across every region started sorting industries into a folder marked critical. That folder now holds semiconductors, steel, power generation, defense, space, and life sciences. Ujjwal walks through where the money is actually landing right now, including AI data centers in remote locations that demand autonomous and remote operations, power generation across fossil, renewable, nuclear, and hydro, and a level of greenfield life sciences investment in the United States he has not seen in decades. The life sciences point is the sharpest one in the episode. Drug manufacturing left as mass produced batch operations and is returning as cell and gene therapy, personalized medicine, and precision biologics, which means lot sizes of one and R&D sitting physically next to production. The design it here, build it there model taught in business schools simply does not survive that.About Ujjwal KumarUjjwal Kumar is President of Automation for Siemens Digital Industries in the Americas. A mechanical engineer by training with an MBA from the Michigan Ross School of Business, he began his career at General Motors in Detroit and went on to spend ten years at GE and seven years at Honeywell Process Solutions before leading Teradyne Robotics, one of the largest physical AI based robotics platforms. He oversees the Siemens automation portfolio spanning discrete, process, and intralogistics automation, and he continues to mentor MBA students at Michigan Ross.Timestamps0:00 Introduction2:00 Career path from General Motors to Siemens6:10 What deglobalization means for manufacturing9:00 COVID, vaccine quotas, and the reshoring trigger13:05 Labor arbitrage versus automation arbitrage15:50 Attracting the next generation of factory workers19:35 Why semiconductor reshoring will take years23:00 Tribal knowledge and the documentation problem26:00 Where the investment is going right now32:30 Adaptive manufacturing and the AI hype question35:30 Platforms, ecosystems, and Siemens Xcelerator43:20 Careers, AI, and advice for engineersReferencesSiemens Xcelerator Marketplace: https://xcelerator.siemens.com/global/en.htmlThis episode is sponsored bySiemens is a technology company focused on industry, infrastructure, transport, and healthcare, and it supplies industrial automation hardware and industrial software to manufacturers worldwide. Its Digital Industries business covers discrete automation, process automation, intralogistics, and the Siemens Xcelerator platform.https://www.siemens.comAbout Your HostsVladimir Romanov is a co-host of The Manufacturing Hub Podcast and the founder of Joltek, an independent manufacturing and industrial automation consulting firm specializing in modernization strategy, digital transformation, and workforce development. Joltek works with manufacturers and investors to de-risk modernization and build the internal capability to sustain results.Connect with Vlad: https://www.linkedin.com/in/vladromanov/Want to go deeper? Vlad and the team at Joltek have covered related topics here:Understanding Supply Chains: https://www.joltek.com/blog/understanding-supply-chainsManufacturing Challenges with New Machinery and Plants: https://www.joltek.com/blog/manufacturing-challenges-new-machinery-plantDave Griffith is a co-host of The Manufacturing Hub Podcast and founder of Capelin Solutions, an industrial automation firm helping manufacturers adopt smart manufacturing technology. He brings 15 years of experience in industrial automation and digital transformation.Connect with Dave: https://www.linkedin.com/in/davegriffith23/Subscribe to Manufacturing Hub: https://www.manufacturinghub.liveLinkedIn: https://www.linkedin.com/company/manufacturing-hub-networkYouTube: https://www.youtube.com/@ManufacturingHub

This one's a first for me. In over a hundred episodes I've never had someone from a public company on Machine Shop Mastery, and Randy Altschuler from Xometry turned out to be exactly the kind of guest I hoped he'd be. Down to earth, honest about what's hard, and genuinely fired up about the industry we all work in. We spend a good chunk of the hour on something Randy says out loud that I've felt for years, that manufacturing is finally having its moment. He calls it the next Silicon Valley, and he lays out why the money, the students, and the policy attention are all starting to point in the same direction after decades of hardware getting ignored. From there we get practical. Randy walks through why Xometry went public, what the most successful shops on the platform actually do differently, and how getting found has changed now that buyers search with AI instead of flipping through a catalog. If you've ever wondered how to make your shop more discoverable, there's a lot here. We also dig into the stuff that keeps shop owners up at night. Cashflow and net 90 terms, the CapEx gamble on automation, and building a bench deep enough that one person leaving doesn't sink you. Randy even shares the mindset his mom gave him growing up, the one about never being the victim, that's carried him through every hard day as an entrepreneur. Whether you run two machines or twenty, I think you'll take something from this one. Give it your full hour. What's Covered in this Episode (0:00) I open a milestone episode with Randy Altschuler of Xometry, my first public-company guest (3:51) Digital manufacturing, 3D printing, and the origins of Xometry (6:51) Navu: AI chat trained on your own content so buyers get answers before they call sales (8:03) Going beyond 3D printing into machining to be a customer's one-stop shop (9:36) The decision to go public and the hundreds-of-billions custom manufacturing market (11:22) Manufacturing as the next Silicon Valley and why hardware got ignored for so long (14:13) The staffing crisis, attracting talent locally, and redefining what success looks like (20:05) Finding suppliers in the age of AI search and keyword-rich content that wins RFQs (24:57) What AI-native manufacturing really means for a small or mid-sized shop (27:44) IMTS Job Shops Workshop and networking reception (28:36) Reshoring, multi-sourcing, and automation closing the labor gap (30:47) What the best shops on Xometry do differently to stand out (36:16) Xometry's payment system and how they manage cashflow (38:08) Transparency, KPIs, and why every employee being a shareholder drives real buy-in (42:20) SMW Autoblock and the seven habits of highly effective workholding (RASRAM) (43:04) Living your core values, meeting every new hire, and a flat, everybody-matters culture (48:21) Starting a shop today: a veteran machinist, automation, and owning your niche (51:02) Headwinds ahead, building a bench, and the young talent shaping American manufacturing (54:25) Randy's stand-out moment as an entrepreneur (56:15) Randy's mom's lesson on never being the victim, and what's next for Xometry Resources Mentioned ThomasNet National Tooling and Machining Association (NTMA) Navu IMTS SMW Autoblock MakingChips podcast: Stop Complaining About the Skills Gap and Do This Instead Connect with Randy Altschuler Xometry Email Randy Altschuler Connect with Randy on LinkedIn

Commodities are back in the spotlight and new data centers, expanding power grids, and manufacturing changes are driving explosive demand. However, years of underinvestment are making it hard to meet that increased consumer demand. With inflation, geopolitical tensions, and the growing demand for energy and raw materials adding to the mix, what questions should investors consider in today's market? In this episode, you'll hear what's driving markets such as copper, gold, oil, and agriculture, and why some investors are taking a fresh look at commodities for diversification and inflation protection. If demand keeps growing while supply remains constrained, what could that mean for portfolios in the years ahead? Join Hussein Allidina, Managing Director, Head of Commodities, TD Asset Management Inc. (TDAM), Humza Hussain, Vice President & Director, Commodities, TDAM, and Adam Grinbergs, Associate, Portfolio Research, TDAM as they examine the supply and demand forces shaping commodity markets and discuss the role they can play in portfolio diversification and inflation protection. Highlights include: 04:11 What commodities are and how investors gain exposure through futures markets 06:08 Why underinvestment, electrification, AI infrastructure, and reshoring are supporting commodity demand 11:03 Copper's supply challenge and why new production is taking longer to develop 16:00 The role commodities can play in diversification and inflation protection 23:19 Views on key commodity markets, including agriculture, natural gas, copper, gold, and oil       For a full transcript in English and French, please visit the TD Asset Management Podcast page: https://www.td.com/ca/en/asset-management/insights/podcast Email any questions or ideas for future episodes to: td.tdamtalks@td.comPlease follow "TD Asset Management" on LinkedIn: https://ca.linkedin.com/showcase/tdassetmanagement/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Chris sits down with Mark Gibson, CEO of Capital Markets, Americas at JLL. He sits at the center of how capital moves through commercial real estate, which means he sees the data long before the narratives catch up. Chris and Mark get into why the world's largest investors are looking at real estate again after four years of underperformance, the signal in late 2024 that told his team the market had turned, and the wave of retirement capital that could reshape who owns real estate for the next decade. He is measured, data-driven, and one of the sharpest reads on this market Chris has had on the show. Timestamps(0:00) Intro(01:36) The Relative-Value Case for Real Estate(04:24) Reading the Market Through Bond Volatility and the VIX(09:50) Three Growth Pillars: Tax Cuts, Reshoring, and the AI Buildout(17:10) Fundraising Discipline(21:49) Operational Excellence Over Financial Engineering(28:53) M&A Acceleration and the Private Equity Property-Management Roll-Up(35:38) Disciplined Lenders, Capitulation vs. Conviction, and Bad Capital Structures(42:46) The 401(k) Wave: Private Real Estate Enters Retirement Plans(48:56) Multifamily's Supply Overhang and the Case for a Rebound(59:54) Data Centers: Scale, Power, and Who Owns This Stuff Long-Term(1:06:31) Office's Haves and Have-Nots === Find our sponsors: True North AdvisorsTrue North Advisors is a multi-family office and private wealth advisory firm serving business owners, entrepreneurs, and families since 2000. With over $5.6 billion under management, they're real investors offering conflict-free counsel and portfolios built around your life. Learn more at https://truenorthadvisors.com Collateral PartnersCollateral Partners builds institutional-grade investor materials for private credit, private equity, real estate, and family office firms, the kind of marketing collateral that helps you close capital. Learn more at https://collateral.com/powers Relay Human CloudRelay Human Cloud gives you pre-vetted, fully managed global talent for up to 75% less than hiring locally. Your best people stop doing repetitive work and get back to the work that moves your company forward. Learn more at https://www.relayhumancloud.com/powers === Chris on Social Media:X: https://x.com/fortworthchrisInstagram: https://www.instagram.com/thepowerspodcastLinkedIn: https://www.linkedin.com/in/chrispowersjr/ === Visit our website: https://www.powerspod.com/Leave a review on Apple: https://bit.ly/45crFD0Leave a review on Spotify: https://bit.ly/3Krl9jO

How will artificial intelligence impact jobs, workforce development, and the future of American manufacturing? In this episode of the Optimistic Outlook, Siemens USA CEO Ann Fairchild sits down with U.S. Senator Ted Budd of North Carolina to discuss the future of work in the age of AI. Building on insights from a recent U.S. Senate hearing focused on artificial intelligence and workforce transformation, they explore how AI is reshaping industries, creating new opportunities for workers, and driving innovation across the U.S. economy. Senator Budd shares why concerns about widespread job displacement are increasingly being replaced by conversations about productivity, workforce augmentation, and the growing demand for AI skills. Together, he and Ann examine the role of industrial AI, workforce training, public-private partnerships, and education in preparing Americans for the jobs of the future. The conversation also explores how AI can help strengthen U.S. manufacturing, accelerate reshoring efforts, improve competitiveness, and support responsible innovation. Rather than replacing people, they argue that AI has the potential to empower workers, enhance human capabilities, and unlock new economic opportunities. Whether you're interested in artificial intelligence, workforce development, manufacturing, economic policy, or the future of jobs, this episode offers an optimistic perspective on how technology can help build a stronger future for American industry and the people who power it. Topics discussed: Artificial intelligence and the future of work AI workforce development and job creation Industrial AI and manufacturing innovation Workforce training and AI skills Reshoring and strengthening U.S. manufacturing Responsible AI adoption Public-private partnerships and economic competitiveness Show Notes: Siemens VP Addresses Congress on Industrial AI: https://www.siemens.com/en-us/company/insights/us-stories/siemens-vp-addresses-congress-on-industrial-ai/

Fabian Alefeld sits down with Sean Whittaker, founder, president, and CEO of Incodema3D, to discuss the company's journey from a sheet metal prototyping business to one of North America's largest metal additive manufacturing operations. Sean shares why he invested in metal AM early, how Incodema3D built a production-first business model, and what it takes to scale additive manufacturing beyond prototypes.The conversation explores the evolution of Laser Powder Bed Fusion (LPBF) technology, the importance of vertically integrated manufacturing, and how improvements in machines, materials, software, and Design for Additive Manufacturing (DfAM) are making production at scale a reality. Sean also discusses growing demand driven by reshoring, defense, aerospace, and energy applications, Incodema3D's specialization in aluminum thermal management components and high-volume Inconel production, and how AFM Capital's investment is accelerating expansion through new equipment, automation, and future U.S. manufacturing sites.Episode Chapters01:41 Sean's Origin Story 05:13 Taking the Leap into Metal Additive Manufacturing 07:05 From Prototypes to Production 08:07 The Advantage of Vertical Integration 10:54 The Maturity of Additive Manufacturing and DfAM 15:46 Thermal Management, Inconel, and Consumer Applications 19:21 Defense, Energy, and Replacing Cast Components 21:28 Accelerating Growth with AFM Capital 25:49 Cycle Times, ROI, and Production Flexibility 30:07 Automation and Building the AM Workforce 34:50 Reshoring, Expansion, and the Future of Production 39:50 Wrap-Up

Most machine shops judge a good day by spindle time. If the machines are cutting, we're making money. If they're sitting still, something must be wrong. But what if keeping capacity open for the right customer is actually part of the product? That question kicks off our conversation with strategist Kaihan Krippendorff, who we met at MFG 2026 in Fort Lauderdale. Kaihan's big idea is that value is moving closer to the moment and place where it is needed. For machine shops, that means reshoring, faster turnaround, stocked material, flexible capacity, automation, and being the supplier customers call when a problem cannot wait. We talk about why customers are rarely just buying a part. They are buying uptime, speed, confidence, and the ability to avoid a production nightmare. That shift changes how a shop should think about pricing, customer relationships, and where it can create value beyond the machine. We also get practical about what this could look like on the shop floor: having material ready, showing available capacity online, and recognizing when a $200 part becomes a $2,000 solution because the customer needs it immediately. The future may not belong to the biggest shop or the cheapest shop. It may belong to the shops that understand urgency, move quickly, and become harder for customers to replace. Because it is not the big that eat the small. It is the fast that eat the slow. What's Covered in this Episode (1:06) Recapping MFG 2026 and welcoming Kaihan Krippendorff (2:02) Kaihan's two worlds: strategy thought leadership and the Outthinker think tank (4:02) The game is changing, and proximity is the new playbook (5:15) Reshoring, the end of globalization, and the rising cost of distance (6:39) Take your shop high-end with DN Solutions (7:52) "Jobs to be done": sell the outcome, not the part (11:21) Storch Magnetics: one lobbyist out-sold the whole sales team (12:26) Tooling vending machines and the $8 stadium water bottle (14:06) The weekend rush job: a $200 part worth $2,000 by Monday (15:52) Distributed 3D printing, zero marginal cost, and selling uptime (18:32) A 2026 prediction: AI gets arms and legs (21:04) Reinvest in yourself first with ProShop ERP (22:43) Coca-Cola Freestyle: create the value after demand shows up (24:57) Low Country Aerospace and buying raw material smarter (27:25) Sell results, not atoms: the Uber and Domino's lesson (29:04) Putting open capacity online and a distributed network of shops (32:08) Connecting directly to customers and ProCNC's 2004 head start (35:36) Why categories are powerful and time splicing for quick response (37:15) Stop getting burned by recruiters: Use Hire MFG Leaders (38:29) Segmenting customers by who values speed most (42:09) Riches in the niches and the rise of the mega factories (44:48) What a typical shop can do now: the nine Ps checklist Resources Mentioned DN Solutions ProShop ERP Hire MFG Leaders SendCutSend Arbill Storch Magnetics Quickparts 3D Printing Low Country Aerospace The End of the World Is Just the Beginning Fast Formulator Connect with Kaihan Krippendorff Connect on LinkedIn Kaihan.net Outthinker Proximity by Kaihan Krippendorff Connect with MakingChips Website: www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

Tariffs have reduced direct imports from China, but that doesn't mean manufacturing is coming back to the United States. Patrick Van den Bossche of Kearney explains why companies are building supply chain flexibility instead of committing to reshoring — and why much of the production leaving China is simply moving somewhere else.

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?

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.

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.

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

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.

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....