Ice is heavy and hard to transport. That’s why Relocalize plans to make it in shipping container factories near its customers, starting with Southeastern Grocers. getty Canadian startup Relocali...
Tag: factories
Pressure on China’s factories grows as U.S. demand falls
Employees work on an electronics production line on Feb. 2, 2023, at a factory in Longyan, Fujian province in China. China News Service | China News Service | Getty Images BEIJING — For some factories...
Big factories, big trucks and big Musk: Tesla Q4 earnings expectations
Tesla’s fourth-quarter and full-year 2022 earnings are upon us, and with it expectations from Wall Street for the electric vehicle maker to hit revenue for the quarter of $24.03 billion and adju...
Despite Warning Signs, 95% Of Manufacturing Executives Say They’re Optimistic, According To A New Poll By Forbes, Xometry And Zogby
Despite nagging fears of a recession, manufacturing execs are optimistic about the future, with a majority planning to increase hiring and spend on technology. IT’s been a tough year for manufacturers...
Meet The Young Entrepreneurs Using New Tools To Solve Old Problems
Many of the young founders on this year’s list are also focused on their startups’ social and environmental impact. By Amy Feldman, Alan Ohnsman and Elisabeth Brier Inflation is high and supply chains...
Bangladesh Apparel Industry Looks Inward As 10th Anniversary Of Rana Plaza Tragedy Nears
A garment factory that reopened after being closed due to the Covid-19 pandemic. AFP via Getty Images Nearly a decade after the Rana Plaza disaster in Bangladesh, where 1,321 factory workers were kill...
Factories Making Towels and Bedsheets Are Shutting in Pakistan
(Bloomberg) — Pakistan’s small textile mills, which make products ranging from bedsheets to towels mainly for consumers in the US and Europe, are starting to shut after devastating floods wiped ...
Vast Majority Of Manufacturers Plan Price Increases In 2023, According To New Poll By Forbes, Xometry And Zogby
Most Manufacturers Say They’ll Continue Hiking Prices Into 2023 As Inflation Persists. Inflation has been rising, and if the expectations of manufacturing CEOs is an indication, it’s not going to let ...
China’s Factories Accelerate Robotics Push as Workforce Shrinks
China installed almost as many robots in its factories last year as the rest of the world, accelerating a rush to automate and consolidate its manufacturing dominance even as its working-age populatio...
Intel Scores $30 Billion Deal With Brookfield to Fund Chip Factories
Text size Intel’s deal with Brookfield will give it majority ownership of two new chip factories. Courtesy Intel Corporation Intel is turning to financial engineering to fund its chip-making amb...
Tesla, EV Makers Stand to Get Billions for Factories From Senate Bill
The Senate climate bill passed over the weekend offers billions of dollars for electric-vehicle and battery factories, and includes rules that the auto industry says will make it tougher for some cons...
Manchester City And Chelsea Turning Youth Teams Into Profit Factories
Romeo Lavia of Manchester City celebrates with the Premier League trophy during the U18 Premier … [+] League Final match between Manchester City and Fulham. (Photo by Matt McNulty – Manche...
Volkswagen breaks ground on first of six battery factories
Volkswagen Group broke ground Thursday at the first of six battery factories it expects to build in Europe, the official kickoff of a new battery business that will invest $20 billion through 2030 to ...
How One Big Factory Did It
GE Appliances is working to hire 1,000 people at its Louisville factories by 2023. Its secret weapon in a competitive job market: A recent program to hire Afghan refugees, immigrants and others for wh...
Tesla Factories Actually Burn Through Skepticism
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand … [+] opening party on April 7, 2022 in Austin, Texas. – Tesla welcomed throngs o...
Tesla giga factories are losing billions: a red flag for investors?
Shares of Tesla Inc (NASDAQ: TSLA) closed 1.0% down on Thursday after CEO Elon Musk said the giga factories in Austin and Berlin were losing “insane money”. Supply constraints are hurting ...
TSLA stock dwindles as new Tesla factories lose billions
Elon Musk, CEO of Tesla (NASDAQ: TSLA), was interviewed by Automotive News on May 31, with the interview split into three parts. With the last part of the interview just published, pundits are worried...
Nearly all factories in Shanghai resume work as Covid controls ease
German automaker Volkswagen is one of state-owned automaker SAIC’s foreign partners in China. Pictured here on June 7, 2022, is the joint venture’s factory in Shanghai. Qilai Shen | Bloomb...
Some European Factories, Long Dependent on Cheap Russian Energy, Are Shutting Down
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CEOs Like the Late Jack Welch Embody the Endless Possibilities of Capitalism
When he was CEO of Coca-Cola, the late Roberto Goizueta was obsessively focused on making his shareholders rich. There was no talk of “stakeholder capitalism,” about Coke’s community endeavors, or job...
Robots Pick Up More Work at Busy Factories
Robots are turning up on more factory floors and assembly lines as companies struggle to hire enough workers to fill rising orders. Orders for workplace robots in the U.S. increased by a record 40% du...
Some factories might leave China, but big picture it doesn’t matter
China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the near term. An employee works on the production line of the screens for 5G smartphones a...
Toyota Puts Invisible AI Eyes In North American Factories
Toyota Indiana assembly plant in Princeton, Ind. will be the first installation of the Invisible AI … [+] system to boost quality, safety and productivity. Toyota Motors North America Toyota Mot...
Stellantis plans $2.8 billion EV overhaul of Canadian factories
Flag with the Stellantis logo on the front entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy. Stefano Guidi | Getty Images Auto giant Stellantis will invest about $2.8 billio...
Will Manufacturing Ever Become Sustainable? No, But At Least Stop Doing Stupid Stuff That Slows The Regenerative Economy Of The Future
You might have noticed that everyone says they are “sustainable” these days. True statement. You cannot find any company globally that claims to be unsustainable. Every big company has an ESG function...
China’s factories were hit harder this quarter as Covid drags on
China’s bicycle exports for the first two months of 2022 fell by 16% from a year ago, after growing by 14.9% for all of 2021, according to customs data. Song Wei | Visual China Group | Getty Ima...
Koch Industries Continues Operations at Russian Factories
MarketWatch Koch Industries breaks silence on Russia to say it will continue to operate its 2 glass facilities Koch Industries, the Wichita, Kan., company run by right-wing billionaire Charles Koch, r...
Intel Gives Weak Profit Forecast as CEO Invests in Factories
(Bloomberg) — Intel Corp. gave a disappointing forecast for profit in the current quarter, fueling concern that the cost of Chief Executive Officer Pat Gelsinger’s turnaround plan will weigh hea...
Tesla earnings: News about the Cybertruck and new factories could set the tone for 2022
Tesla Inc. is slated to report fourth-quarter earnings next Wednesday, with investors expecting a return of Chief Executive Elon Musk to the post-results call and bracing for what could be worrying ne...