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Thomas News Highlights

News Highlight

CBC: Canadian supply delays come as a warning that future interruptions could be worse

Canadian Broadcasting Corporation (CBC) reports economic and security concerns prompt calls for increased Canadian supply chain resilience.

According to a report from Thomas Insights, a firm that helps companies track down suppliers of the components they need, 83 percent of North American manufacturers are looking for ways to source their inputs from closer to home, compared to 54 percent in 2020. 

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News Highlight

The Globe and Mail: Labour shortage plaguing tech industry in Western U.S. amid fierce competition for workers

Labor shortfalls hold special importance for the high-tech sector as corporate America stages a made in the USA push, with encouragement from the White House as rivalry with China grows more intense. Companies are expected to announce the return to the US of some 220,000 jobs over the course of this year, according to tracing by the Reshoring Initiative, while a survey by Thomas, and industrial sourcing platform, has found that 83% of manufacturers said they expect to bring back work to North America, up from 54% last year. 

According to Tony Uphoff, president and CEO of Thomas, "It comes at a time when companies, spurred in part by the cost and confusion of shipping during the pandemic, have started to determine that maybe we don't need to manufacture in Vietnam when our core consumer is in Arkansas."

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News Highlight

Plastics Technology: Supply Chain Woes Meet the Cocktail-Party Topic Threshold

Conversations around the supply chain have become mainstream. 

"There are a bunch of different components coming together," Tony Uphoff, president and CEO of Thomas said, "and the reason the supply chain is becoming cocktail party conversation, I think, is that people are becoming all too aware of the complexities around all of these different components."

Thomas noted that printed circuit boards were the most-sourced products in the third quarter, owing to the ubiquity of computer-like interfaces and capabilities in everything from cars to refrigerators.

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