Plus, two trucking firms close, harassment claims at TIA conference, a 19.5% week-over-week drop in spot loads, and more.
Here’s a quick recap of an unexpectedly amazing forum spotlighting Central Asian trucking companies in the U.S. Plus, we met Strong Solo Sergey in real life.
From West Coast wins to Gulf Coast fog delays, the country’s top gateways are telling very different stories.
Global manufacturers, led by insights from Lectra, are realigning their operations closer to American markets for better efficiency and control.
Global manufacturers are increasingly favoring the Americas over Asia when considering the cost and risk profiles of their supply chains. Observing this trend, Lectra, an industrial intelligence solutions provider, notes that brands aim to be closer to their North American consumers. An illustrative case is that of Mexico City-based Preslow. Once heavily reliant on Asian manufacturing, Preslow is now shifting production back to Mexico. Before 2020, Preslow manufactured 40% of its outerwear overseas; this has now shrunk to 20%. The proximity to end markets, as Lectra points out, not only saves costs but also provides the advantage of production flexibility. To cater to this shift, Lectra opened a new production facility in Tolland, Connecticut.
Who is the next China, the future of low cost, high quality manufacturing? India (for Asia/Europe/AUS markets) and Mexico (for the Americas markets).
— StartShare.app (@startshareapp) July 22, 2023
Rapido's co-founders, Danny Frisco and Roberto Icaza, saw the potential of Mexico’s skilled workforce through their logistics experience with Coyote and BlueGrace. A chance lunch in Guadalajara sparked the idea to create a company bridging U.S. brokerages with top-tier logistics teams in Mexico.
Lego shifts production closer to key markets, delaying U.S. factory to 2027.
August PMI shows manufacturing still contracting. Production plummets to lowest level since May 2020 as demand weakens and inventories rise. But there may be relief moving into the holiday season.
The U.S. manufacturing sector faces contraction with a PMI of 48.7 in May 2024, while manufacturing construction hits a record high. What's up with these mixed signals?
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