Chevron, BP and other oil companies are offshoring more specialized white-collar positions and related work to lower-cost labor pools in countries such as India, while cutting thousands of jobs elsewhere. The shift, alongside a string of mergers and cost- …
Chinese tyre manufacturers, especially those with overseas facilities close to key Western markets, could emerge stronger from the global tariff war as consumers switch to cheaper alternatives, according to analysts. The US will impose a uniform 25 per …
Reshoring is the process of bringing manufacturing back to domestic locations. It is not a new strategy: the idea took form after the financial crisis in 2008 forced many businesses to examine their assumptions about costs and profitability. This was at a …
Abstract Over the previous decade, there has been a substantial increase in cargo hijacking of semi-trucks throughout Mexico. These hijackings have become a threat to Mexico’s economic security and to foreign investors looking at offshoring or nearshoring …
For the past 18 months the fashion industry has been in a funk. Overall luxury sales fell by 2 percent in 2024 while the sneaker market declined by 5.8 percent. You get the sense that the average fashion consumer is exhausted. Enter President Donald Trump, …
Two industries employing small numbers of workers in the Salem area (out of the total private sector workforce of 141,600 workers) are nevertheless very important to the economy. These are construction and manufacturing. Construction workers keep …
It was an uncomfortable truth once stitched onto backpacks—a quiet admission, an act of disguise. A maple leaf patch, sewn with the frantic precision of someone desperate to rewrite their story, became a shield against the uncomfortable realities of …
Introduction President Donald Trump has made reducing U.S. trade deficits, which have expanded significantly in recent decades, a priority of his administration. He and his advisors argue that renegotiating trade deals, promoting “America First” policies, …
The escalating US-China trade war took a new turn this month, when Beijing imposed sweeping export restrictions on rare earth elements — minerals vital to everything from smartphones and wind turbines to advanced military systems. Nicknamed the “seeds of …
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