Intel to invest in contract manufacturing, new plants | Ford's Thai-Tang details company's EV ambitions | Deloitte: Semiconductor industry must transform
Intel CEO Pat Gelsinger has outlined a four-year plan to invest in contract manufacturing, new factories and core engineering. Contract manufacturing "will really have minimal impact in the next couple of years, and then it'll really deliver in years four and five, and in the second half of the decade more significantly," Gelsinger says.
This interview with Hau Thai-Tang, Ford's chief product platform and operations officer, provides insight on how the company is responding to the ongoing consumer and commercial shift toward EVs. This shift is described as the challenge facing Ford since it began building automobiles 118 years ago.
The global semiconductor industry must innovate to get beyond today's supply chain challenges, as even existing business transformation efforts are frequently changing midstream, according to a survey and report by Deloitte. One opportunity is in growing revenue beyond the chip sale, as "all the data that flows through a chip can be monetized," says Brandon Kulik of Deloitte.
IHS Markit's flash manufacturing purchasing managers' output index for the first half of October was 59.2, down from 60.7 in September. The composite reading, which includes services, rose to 57.3 from 55 in September.
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A multicountry operation involving law enforcement and intelligence specialists has struck back at ransomware group REvil, whose former partners and associates perpetrated the cyberattack on Colonial Pipeline that led to gas shortages in parts of the US. Officials were able to hack and force the group offline.
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Space availability in the industrial market is tightening with the vacancy rate dropping to 3.6% in the third quarter, compared with 4.3% in the same period during the previous year, according to CBRE. "In the last 90 days, supply-chain dislocations have become even more pronounced, with customers acting with a sense of urgency to secure the space they need," Prologis' CFO Thomas Olinger said during a recent earnings call.
PPG Industries expects "the supply chain to normalize through the end of the year, with more typical supply returning in early 2022," says Chairman and CEO Michael McGarry. Automotive refinishing and airliner builds are bright spots for coatings demand.
The Bulldog Manufacturing shop is operated by students at Alden High School in New York and offers training on how to run a business, interact with customers and manage money. "It's so important that we have these opportunities for these students, to show them new possibilities out there," says Arthur Eggink, the school's technology instructor.
NAM members can improve their supply chain efficiency by leaving the shipping logistics to the experts. The NAM Shipping program provides discounts on shipping and freight, UPS supply chain solutions, along with personalized shipping assistance. UPS Capital offers NAM members financing and supply chain insurance services, which can help protect the supply chain from risk and can provide financing solutions. Learn more about the different benefits available through this program that can support your supply chain.
