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Auto Industry to Confront Challenges in 2023

The auto industry will confront various challenges this year as automakers expand investment in electric vehicles and move on from the COVID-19 pandemic, speakers at a Federal Reserve Bank of Chicago conference said today.

Regional Manufacturing Is More Than a Defensive Strategy

Regionalization is becoming a powerful strategy to overcome risks to business continuity arising from tariffs, geopolitical tensions, supply chain disruptions and other challenges. But using it purely as a defensive de-risking maneuver misses the overall narrative.

Manufacturing Contraction Deepens

The manufacturing sector's economic contraction continues for the 12th consecutive month, revealing persistent labor shortages and challenges, with some industries experiencing growth while others face contraction.