U.S. logistic managers are bracing for delays in the delivery of goods from China in early January as a result of canceled sailings of container ships and rollovers of exports by ocean carriers. Carriers have been executing on an active capacity management strategy by announcing more blank sailings and suspending services to balance supply with […]
China Wants Manufacturing—Not the Internet—to Lead the Economy
Even as Beijing unleashes a regulatory assault against tech companies, it continues to shower subsidies and protection on manufacturers… To read more: https://www.wsj.com/articles/china-wants-manufacturingnot-the-internetto-lead-the-economy-11628078155 SOURCE: WSJ
Shutdown Impact on Malaysia’s Glove Makers
By Charles F Moreira, Editor Global Times of 15 July 2021 reported that China’s glove makers have ramped up their production to meet rising demand from the U.S. and Europe amidst the enforced shutdown of Malaysia’s glove factories especially in Kuala Lumpur and Selangor state which came under Enhanced Movement Control Order( EMCO) due to […]
Bright future for semiconductors in India: Prakash Mallya
‘I am not talking about cloud, data centre, storage, edge, 5G. If you put all that into such a large market like India, it’s a significant semiconductor, plus overall infrastructure opportunity,’ Prakash Mallya said The government’s plan to promote semiconductor manufacturing may have a bright future… To read more: https://www.livemint.com/technology/tech-news/bright-future-for-semiconductors-in-india-prakash-mallya-11622742767072.html SOURCE: MINT
Chinese chipmaker SMIC-related shares surge, defying US’ stepped-up crackdown
China’s A-shares related to leading chipmaker Semiconductor Manufacturing International Corp (SMIC) surged on Monday, defying the Trump administration’ latest move of putting SMIC on its Entity List, which aims to contain China’s development of indigenous advanced technologies. Industry observers noted that the US’ action amounts to a monumental obstacle for SMIC’s high-end chip production in […]
Forging Ahead with Industry 4.0 in the New Normal
Helping manufacturers build a position of strength to operate in a COVID-safe world remains mission critical for this year’s Industrial Transformation ASIA-PACIFIC – A HANNOVER MESSE EVENT (ITAP) from 20 to 22 October. The COVID-19 situation has brought tremendous disruption to all industries and economies, forcing manufacturers and businesses to rethink their business strategies, relook business […]
Coronavirus: China manufacturing economy bounces back strongly after lockdown
Image by Free-Photos from Pixabay China’s manufacturing engine bounced back strongly in March, recovering from a miserable February, when the country was effectively shut down due to coronavirus. The official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners in the world’s second largest economy… To read more: https://www.scmp.com/economy/china-economy/article/3077669/coronavirus-china-manufacturing-economy-bounces-back-strongly SOURCE: South […]
India’s economy suffers car crash, pain spreads to villages
The narrow lanes in Aliyar and Kasan villages in Manesar, an automotive manufacturing hub on New Delhi’s southern outskirts, would usually be packed on Sundays with migrant workers employed at the nearby plants enjoying their day off, but not anymore. These are hard times for an area dependent on the fortunes of companies like Maruti […]
China’s manufacturing activity expands slower in September
Official data shows China’s manufacturing sector expanded at a slower pace in September. The country’s manufacturing purchasing managers’ index came in at 50.8 in September, narrowing from 51.3 in August, according to the National Bureau of Statistics (NBS). Read the full story at https://www.shine.cn/biz/economy/1809302998/ SOURCE: SHINE
Mass unemployment looms large over India growth story
Nobel laureate Paul Krugman has warned that India could end up with huge mass unemployment if it does not grow its manufacturing sector. “There is this concept called artificial intelligence that you should be wary of. In future, while diagnosis may be outsourced to a doctor in India, it could also go to a firm […]