Thomas News Highlights

News Highlight

Forbes: Why Consider Supply Chain Diversification?

In discussing supply chain diversification and protection against economic uncertainty, this piece cites the recent Thomas Industrial Survey: "An April Thomas Industrial survey revealed that due to disruptions related to Covid-19, 64% of companies across North American industrial and manufacturing sectors are "likely to bring manufacturing production and sourcing back to North America." And 28% of manufacturing respondents were "extremely likely" to bring more production and sourcing back to North America following the pandemic.

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The Fabricator: Survey says underused apprenticeship programs prove their worth amid COVID-19 skill shortages

Thomas has released the results of a survey canvassing 746 North American manufacturing and industrial suppliers to identify the major trends stemming from the global pandemic as the industrial sector pivots its supply chains and tactics to prepare for the new industrial landscape. A key survey finding shows the value of apprenticeship programs in combating the skills gap: 26% of companies surveyed have adopted such programs, and those that have were overall less impacted by the lack of available skilled labor.

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Area Development: A Heightened Focus on Reshoring

This piece discusses supply chain risks in the wake of the COVID-19 pandemic. A Thomas Industrial Survey conducted in April 2020 found 64% of manufacturers considered themselves "likely" to bring manufacturing production and sourcing back to North America. This represents a 10% increase in reshoring interest since Thomas' March survey. 

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Boss Magazine: Made in America

In this article about bringing manufacturing back from overseas, the recent Thomas Industrial Survey was cited: "Thomas survey of 878 North American manufacturers and industrial sector businesses in April found that 64% “are likely to bring manufacturing production and sourcing back to North America,” with 28% saying it’s “extremely likely.” “By embracing real-time resource management, redundancy, reshoring, and the convergence between the digital and physical supply chains, manufacturers will come out of this crisis even stronger than they were before,” Thomas CEO Tony Uphoff said in a statement.

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