Industry Trends

US reshoring is outpacing foreign-direct investment this year for the first time since 2014, according to the Reshoring Initiative.

More than 70% of job functions experienced a wage increase in 2020, and more than 67% of executives said their company was planning to hire new employees.

The incoming Biden administration will differ from Trump on manufacturing — from reshoring incentives to stability in trade policy.

A preliminary third-quarter estimate reports a 15.8% increase, following a 4.5% uptick in the previous quarter. Shipments will probably continue to increase in the final quarter of 2020, as well, according to Perc Pineda, Chief Economist, Plastics...

A Biden administration brings new priorities and policies that are seen as mostly favorable for the auto industry.

Running the gauntlet of COVID-19 has shifted how businesses think about global supply chains. Companies are not just looking at manufacturing costs, but at what happens if their supply chain shuts down.

The plastics industry lost 73,000 jobs in March and April, and has gained back 55,000, or 75%, of the lost jobs. That is better than the economy as a whole.

Experts in material selection, product design, engineering, and manufacturing share insights at the five-day virtual event.

We’re not where we were before the pandemic, but it does look like the beginning of the V-shaped recovery that the plastics industry and the United States in general were hoping to see.

Mexico and Canada remain the US plastics industry’s largest export markets. Although the US plastics industry had a $13.7 billion deficit with China, resin exports recorded a $2.5 billion trade surplus.