American factories are desperate for workers. It’s a $1 trillion problem

Desy Papper
Even though US manufacturing activity surged to a 37-year high in March, the industry has more than half a million job openings. Factories are struggling to find skilled workers for specialized roles such as welders and machinists. Manufacturers are even having trouble hiring entry-level positions that do not require expertise.

As many as 2.1 million manufacturing jobs will be unfilled through 2030, according to a study published Tuesday by Deloitte and The Manufacturing Institute. The report warns the worker shortage will hurt revenue, production and could ultimately cost the US economy up to $1 trillion by 2030.

“It is deeply … Read the rest

Chinese Manufacturers Sidestep Trade Barriers by Buying Factories Overseas

Desy Papper

PARIS—For decades, France’s Valdunes SAS charged premium prices for the wheels it made for high-speed trains and other rail systems around the world. That strategy changed after a Chinese state-owned industrial conglomerate bought the company in 2014.

The new owner, Maanshan Iron & Steel Co., or MA Steel, slashed prices in a bid to dominate the market.

“We were told that we shouldn’t miss a single order. That was explicit,” recalled Jérôme Duchange, Valdunes’s former top executive in France. “They have an appetite for economic conquest.”

The French firm was now in the service of the steel company’s larger strategic

Read the rest

PS5 Redesign to Manufacture in 2022, Will Likely Only Alter Internals

Desy Papper

The ongoing semiconductor shortage is unlikely to be resolved any time soon, but Sony had hinted that one solution to PlayStation 5’s stock shortages could be to “change the design” of the next-gen device. Specifically, it’s referring to the internal components of the console here, and a new report published by Digitimes suggests a hardware redesign will enter production next year.

The website claims that Taiwanese juggernaut TSMC will begin manufacturing a “new semi-customised” 6nm chip for the system starting in 2022, which would replace the existing 7nm chip used in the console right now. It’s unlikely that this will

Read the rest

Technimark Will Manufacture and Package Innovative Nasal Swabs to Support Medical Community | National Business

Desy Papper


Technimark has partnered with Rhinostics and a P&G subsidiary, iMFLUX, to produce, package and distribute individually packaged medical-grade polypropylene nasal swabs to help healthcare professionals and researchers detect and diagnose potential infections such as COVID-19.

This press release features multimedia. View the full release here:

Rhinostics Standard Nasal Swab. Comfortable collection and novel material provide dry transport and sample concentration to improve COVID collection. (Photo: Business Wire)

iMFLUX developed a novel fully injection-molded polypropylene nasal swab that P&G and iMFLUX licensed to Rhinostics to bring to the clinical laboratory market.

Read the rest

US backs waiving intellectual property rules for manufacture of COVID-19 vaccines

Desy Papper

WASHINGTON — The Biden administration on Wednesday joined calls for more sharing of the technology behind COVID-19 vaccines to help speed the end of the pandemic, a shift that puts the U.S. alongside many in the developing world who want rich countries to do more to get doses to the needy.

United States Trade Representative Katherine Tai announced the government’s position, amid World Trade Organization talks about a possible temporary waiver of its protections that would allow more manufacturers to produce the life-saving vaccines.

“The Administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports

Read the rest