According to the annual "Manufacturing White Paper" by Foley & Lardner LLP, the manufacturing industry is facing significant shifts and challenges in various areas.

During a visit to South Carolina, President Biden emphasized the need to bring critical manufacturing processes, such as semiconductor production and battery supply chains, back to the United States to compete with China.

According to the latest manufacturing report from ISM, the economic activity in the manufacturing sector continued to decline in June, marking the eighth consecutive month of contraction.

The trend of nearshoring is on the rise, with American companies increasingly moving their operations to Mexico.

BYD, a Chinese electric vehicle manufacturer, has ordered several car carriers to transport their products across the oceans on their own equipment.