Michael Stumo \ December 23, 2021 \ Inside Sources Much has been made in the news lately regarding America’s shortage of consumer goods. Increased consumer demand in the wake of the COVID pandemic has led to global shortages of many industrial products. And with cargo ships backed up and waiting to enter America’s congested west coast ports, there’s…
via Morning Consult President Joe Biden’s address to Congress made an ambitious case for building America’s clean energy future. Not only did the president pledge to create “millions of good-paying jobs,” but he aimed for all of his proposed advances in electric vehicles and renewable energy to be “made in America.” Helpfully, Biden even acknowledged the complexity…
President Biden is showing that he’s serious about his pledge to “Build Back Better.” His new $2.3 trillion “American Jobs Plan” offers a blueprint for both investing in the nation’s infrastructure and rebuilding U.S. manufacturing. Now, it’s Congress’s turn to weigh in on the specifics of the president’s proposal—and how to pay for it. If…
By Kenneth Rapoza, CPA Industry Analyst In a Senate Finance Committee hearing on Tuesday, Ford and Intel ask for more tax incentives to keep manufacturing domestic. Meanwhile, Senator Sherrod Brown of Ohio reminds Ford that they just reneged on a promise to invest nearly $1 billion in northern Ohio despite the tax breaks they say…
By Kenneth Rapoza, CPA Industry Analyst Member feature: SK International is one of the unsung heroes of the modern American supply chain. We need more companies like this one in Michigan created by Kishen Kavikondala. Kishen Kavikondala, born in the crowded Indian city of Hyderabad, now an American citizen for the past 30 years is…
By Kenneth Rapoza, CPA Industry Analyst Energy Secretary Jennifer Granholm gets emotional on American manufacturers losing out to cheaper destinations in the global supply chain, and warns that if the US government does not have a national plan for the post-carbon transportation economy then China, others, will dominate those supply chains next. In fact, China…
By Kenneth Rapoza, CPA Industry Analyst Pew Research survey shows that Americans think human rights should surpass corporate interests in Biden’s China policies. When asked if the US should “try to promote human rights even if it harms economic relations with China”, 70 percent of those responding to a Pew Research survey said they were…
WASHINGTON — The Coalition for a Prosperous America (CPA) today praised the COVID relief package signed into law by President Joe Biden for including $10 billion in federal funding for the Defense Production Act (DPA). CPA supports reshoring supply chains in critical industries, including essential generic drugs and personal protective equipment (PPE). The COVID-19 pandemic…
By Kenneth Rapoza, CPA Industry Analyst The FDA hasn’t inspected nearly 1,000 overseas labs making drugs for the US market due to the pandemic. But that my be the least of its problems. We know where our sneakers and cars are made, but not the ibuprofen from the local drug store. Why not use country…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a report titled, “Reclaiming the US Solar Supply Chain from China.” The white paper documents the current state of the US solar manufacturing industry and provides key recommendations for policymakers on how to counter Chinese dominance over the global supply chain that threatens US…
