Global Scans · Manufacturing · Weekly Summary

• While income growth in the global economy is not a zero-sum game, many countries are pursuing similar paths to growth, meaning they will end up competing for manufacturing jobs and trade relationships. S&P Global
• Could add $1.5 trillion to the global economy by 2030, and create millions of jobs across various sectors, such as health care, education, retail and manufacturing. Business Record
• India's focus on domestic manufacturing presents a significant opportunity for economic growth and job creation in green industries. ThePrint
• From healthcare and education to transportation and manufacturing AI will transform industries, create new jobs and solve global problems. All Tech Magazine
• The International Energy Agency estimates 1300 manufacturing jobs for each gigawatt of solar PV production, meaning a supercharged domestic industry will create thousands of jobs in Australia. Prime Minister of Australia
• Once deployed, the DOE estimates, the home energy rebates will help save consumers $1 billion in annual energy costs and support an estimated 50, 000 U.S. jobs in construction, manufacturing, and other sectors. Canary Media
• A UK-based honey manufacturer Just Bee Honey announced it will double growth and create new jobs after investing in automation, with the support of Made Smarter. .foodingredientsfirst.com/
• The Federation of Korean Industries argues that manufacturing plays a large part in production and employment and that a drastic carbon reduction target could impede efforts to create jobs and encourage economic vitality. MIT OpenCourseWare
• Expanding Manufacturing Sector: India needs to boost the manufacturing sector, creating more job opportunities to absorb the workforce transitioning from agriculture. Drishti IAS
• Citi's economists propose a series of measures to boost jobs in India, such as strengthening the export potential of manufacturing sectors, extending incentives to attract foreign companies and filling up about 1 million government vacancies. Economic Times
• The manufacturing sector will be boosted by the first major investment into battery technology in the UK, £450m has gone into the Gigafactory, which sits next to the Nissan plant, adding around 750 jobs locally - and an estimated 4,500 new jobs by 2030. Place North East
• DOE expects the rebate programs, funded through the Inflation Reduction Act, to save consumers $1 billion annually in energy costs, reducing stress on the electric grid and supporting an estimated 50,000 jobs in residential construction, manufacturing and other sectors. Utility Dive
• Novo Nordisk, a leading global pharmaceutical company, announced it will invest $4.1 billion to build a second fill and finishing manufacturing site in Clayton, North Carolina, creating 1,000 new jobs in Johnston County. Economic Development Partnership of North Carolina
• LPO works in support of President Biden's ambitions to drive growth in US manufacturing and innovation, create jobs, and build a clean energy economy that will address climate change and make communities more resilient. Yahoo Finance
• Investment by Chinese battery manufacturers in Europe creates new jobs, although their number remains lower than in other scenarios, as many job opportunities in the upstream supply chain activities - for example, in lithium refining and cathode manufacturing - stay in China. European Council on Foreign Relations (ECFR)
• Over the course of the next five years, Intel expects its investments in the United States to exceed $100 billion, as it expands capacity and capabilities in Arizona, New Mexico, Ohio, and Oregon, estimated to directly create over 10,000 manufacturing jobs and nearly 20,000 construction jobs. U.S. Department of Commerce
• Building clean-tech manufacturing in Australia could generate $215 billion in domestic revenue and create 53,000 new jobs by 2035. pv magazine Australia
• New domestic HDV manufacturing investment commitments are projected to create 24,000 jobs and would result in enough manufacturing capacity to produce 295,000 HDVs annually, equal to 59% of current U.S. sales. Forbes
• An increase in the production of AI-related hardware will inevitably lead to the creation of more advanced manufacturing jobs in Mexico and could help spur innovation in other manufacturing sectors. Mexico News Daily
• Micron's total investment will be the largest private investment in New York and Idaho's history, and will create over 70,000 jobs, including 20,000 direct construction and manufacturing jobs and tens of thousands of indirect jobs. The White House
• While boosting the US manufacturing of chips and other products could create jobs and help secure supply chains, it could lead to higher prices for American consumers. Insider
• In partnership with the City of Doncaster Council, Hybrid Air Vehicles will establish Carcroft Common as a hub for advanced manufacturing and sustainable aviation in South Yorkshire, creating over 1,200 new jobs. London Reconnections

Last updated: 27 October 2024