US manufacturers like Dallas-based Finley Shirts produce about 3% of the clothing that's still made in America, down from 58% in 1991. Finley Shirts launched in 1995, and today longtime US contractors produce about 60,000 women's cotton shirts and linen dresses for Finley annually, which are sold at upscale retailers including Neiman Marcus.
Manufacturers' combined digital sales rose 12.9% last year, to more than $4 trillion, according to Digital Commerce 360 data. Business-to-business e-commerce sales through marketplaces, websites and apps increased by 18.4%, to $543.25 billion.
Siemens will wind down its industrial business in Russia, where it employs 3,000 people, after already suspending new projects. "We join the international community in condemning the war in Ukraine and are focused on supporting our people and providing humanitarian aid," says CEO Roland Busch.
A focus on building, expanding and modernizing US-based distribution centers is creating high demand for racking and shelving manufacturers, who are raising prices to cope with supply shortages and delays. "Inventory is now better than it was, but container prices are still high and this has a domino effect on our own pricing," says Ed Granger of Quantum Storage Systems.
Ocean freight numbers, which had peaked in the past 10 weeks, have now fallen by 20% due to lockdowns in China, according to Bloomberg Intelligence senior logistics analyst Lee Klaskow. Canceled sailings account for 25% of Asia-to-US West Coast capacity and 10% of Asia-to-US East Coast capacity, Xeneta reports, as shippers try to maintain profitability.
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The inaugural class of the new Toyota 4T Academy program includes 22 students from different high schools in a West Virginia school district. Students who participate in the program will receive classroom instruction and an opportunity to work alongside Toyota employees.
Tyson is growing its partnership with Commute with Enterprise, which addresses barriers to employment by providing employees access to a carpooling service and rented vehicle. "This program gives them a reliable way to work while also helping them save money," said Hector Gonzalez, head of labor and team member relations.
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The J.P. Morgan Global Manufacturing PMI declined to 52.2 in April, the lowest reading since August 2020. Manufacturers continued to grapple with supply chain, inflationary and workforce challenges, and the most recent data also likely reflected rising uncertainties following the Russian invasion of Ukraine and COVID-19-related shutdowns in China. Eight of the top 10 export markets had expanding manufacturing sectors in April, the same pace as in February and March. China slipped even further into contraction territory, and even with some stabilization, Mexican manufacturing activity remained challenged, much as it has been for the past three years. Read more.