Have you heard of the titanium economy?

It’s a cohort of industrial technology companies that are redefining the future of US manufacturing- according to a recent McKinsey & Co. article. However, even though the majority have seen an 11 to 15 percent return on invested capital:

“…the companies that make up the Titanium Economy are underappreciated, undervalued, and misunderstood.”

Read more about who they are and how they innovate here.

https://www.mckinsey.com/~/media/mckinsey/industries/advanced%20electronics/our%20insights/the%20titanium%20economy%20an%20introduction/svgz-titanium-economy-intro-ex-f.svgz

Onshoring by any other name…

Homecoming: The Path to Prosperity in a Post-Global World, by Rana Foroohar, a CNN analyst and associate editor at the Financial Times is a new book, published by Crown Publishing.

https://www.penguinrandomhouse.com/books/688161/homecoming-by-rana-foroohar/

The author urges a re-mooring of national interest and the global economy and creating a shared moral framework for trade. Lots of explanation, densely researched, but not a pretty picture. Read more here:

https://www.forbes.com/sites/kenrapoza/2022/10/18/globalization-is-almost-dead-new-book-by-ft-columnist-rana-foroohar-explains-why/?sh=325bf4bb2fb5

US Immigration Rebounds But Remains Far From Plugging Labor Gaps

The US manufacturing industry is a large (and usually unwitting) employer of immigrants. Since 2019, immigration has been down heavily, exacerbating shortages in this already labor-strapped sector. Read more here:

https://www.bloomberg.com/news/articles/2022-10-05/us-immigration-rebounds-but-remains-far-from-plugging-labor-gaps?cmpid=BBD100522_OUS&utm_medium=email&utm_source=newsletter&utm_term=221005&utm_campaign=openamericas

A Machining Company Run by High-Schoolers Thrives in Pennsylvania: Manufacturing Day 2022

They make money too! Read more here:

https://www.industryweek.com/industry-events/manufacturing-day/article/21252333/a-machining-company-run-by-highschoolers-thrives-in-pennsylvania-manufacturing-day-2022?utm_source=IY+IW+Daily+Headlines+-+Morning&utm_medium=email&utm_campaign=CPS221006208&o_eid=9404E7151745B8D&rdx.ident[pull]=omeda|9404E7151745B8D&oly_enc_id=9404E7151745B8D

E-Commerce 18% of Fastenal’s Latest Quarterly Results

Ecommerce, including sales through Fastenal.com, accounted for 18% of total third-quarter revenue, while total “digital footprint” sales including internet vending machines grew to 50%, CEO Dan Florness said.

Read all about it here.

https://www.digitalcommerce360.com/2022/10/13/at-fastenal-ecommerce-is-becoming-part-of-our-dna/?utm_campaign=B2BecNews-2022&utm_medium=Email&_hsmi=229779107&_hsenc=p2ANqtz-9fTUvsgRnnCZ3nNbAC0e8OzXMVD5vCPdmtpvAiJTsoEEOmMIieZf72IKv1pTn1I4athBN83JiTqRKU4cdPThst-wsjKA&utm_source=B2BN

Free Money for Manufacturers!

Since the passage of the CHIPs and Science Act, are you wondering “how can I get myself some of that cash?”
Forbes has an article to help you out. The CEO of a Whiskey company shares his tips to apply for and get US government grants for investment in manufacturing. Read more here:

https://www.forbes.com/sites/ethankarp/2022/10/19/three-keys-for-small-manufacturers-to-earn-more-grant-money/?sh=34d339dc52d2

Extinct Volcano Speeds Worries of a Potential Beer Shortage

And finally, in other supply chain news, a major source of the brewing industry’s carbon dioxide is feared to be contaminated.

https://news.yahoo.com/extinct-mississippi-volcano-could-lead-030412837.html