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Automotive, Aerospace and Light Manufacturing
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T&ID examines new site selection and development factors facing food and agriculture, aerospace and automotive technologies. Companies across the country have altered their business models and their supply chains to meet urgent new needs in a changing business landscape. In this issue, we'll share insights into the ways industries have pivoted to adapt to an innovative business landscape. We’re also highlighting how six states – Alabama, Illinois, Indiana, Maryland, Mississippi and South Carolina – are meeting the challenges of today and tomorrow.
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Featured Location
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The Visalia Economic Development Corporation is a nonprofit focused on supporting Visalia Industrial Park (VIP) businesses. We help to develop training programs, connect employers for mutual benefit, share ideas and successes. Location, available labor and affordable homes and land make the VIP ideal from a business perspective. The VEDC helps make Visalia ideal as we create community.
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Featured Articles
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Diversification—and Survival—in the Auto Industry
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Traditionally, in the auto industry, the concept of diversification has applied mainly to product mix, overreliance on profit-leading models, single markets for suppliers and utilization of a disproportionate share of localized labor forces. Weaknesses in these areas have periodically been exposed by softening demand during cyclical downturns.
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How the Aviation Industry Can Benefit from Blockchain Technology
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In the aerospace and aviation industries, one growing area of innovation that has yet to be fully explored is blockchain technology. Experts agree that sharing data about aircraft history, maintenance and operations will allow aviation companies—and the industry overall—to realize efficiencies and savings and to optimize performance and safety.
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How Will Tariffs Impact Reshoring in 2019?
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In 2018, the combined announcements of reshoring by U.S. companies and related foreign direct investment (FDI) by foreign companies remained strong, adding more than 145,000 jobs, with an additional 36,000 in revisions to the years 2010 through 2017. The number of companies reporting new reshoring and FDI was a record 1,389, up 38 percent from 2017.
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Light Manufacturing Provides a Heavy Lift for Economic Development
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Light manufacturing’s impact throughout the U.S. is anything but featherweight. To attract and retain businesses in light manufacturing, communities are offering workforce programs and promoting advantages such as easy logistics, proximity to raw materials and markets, Opportunity Zone designation and more. See what’s happening around the country.
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