Spotlight on General Manufacturing
Supply Chain Outlook
In 2023, general manufacturing was the third most impacted industry by potential supply chain disruptions. Increasing geopolitical tensions and global sanctions will continue to drive increased focus for companies and local governments on nearshored or reshored manufacturing investment. Industry concerns around a potential recession could lead to decreased economic spend and a potential increase in supply chain disruptions in manufacturing.
Luckily, global efforts at both a federal regulatory and organizational level represent key steps toward the investment in domestic and/or localized manufacturing, as well as skilled manufacturing labor.
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Key Insights:
- Manufacturing and construction growth vs spend data
- Exclusive EventWatchAI disruption risk trends and analysis
- Best practices for supporting modern manufacturing supply chain needs
- Policies and initiatives impacting global production and imports/exports including:
- U.S. Inflation Reduction Act
- Infrastructure Investment and Jobs Act
- U.S. CHIPS Act
- EU Renovation Wave Program
- EU Carbon Border Adjustment Mechanism
- National Defense Industrial Strategy