Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

Manufacturing space to be shaped by 11 trends in the year ahead

Advent of “new normal” demands agility, Foley & Lardner white paper says

foley Screen Shot 2023-07-18 at 2.39.45 PM.png
DC Velocity Staff
By DC Velocity StaffJul 18, 2023
DC Velocity Staff
See Full Bio

The key business and legal trends that are expected to reshape the manufacturing space in the year ahead include 11 broad categories that will demand more agility and resiliency than ever before, according to the Milwaukee law firm Foley & Lardner LLP.

In their annual “Manufacturing White Paper,” the firm noted that manufacturers are no longer focused on figuring out when things will return to “normal,” but rather they are applying lessons learned from the past few years to evolve their operations to succeed in this “new normal.”

The advent of that new normal can be seen by swift changes in 11 areas, the firm says:

  • Everything Electrified and Connected All at Once: New Challenges Facing Supply Chains, Best Practices, and Lessons Learned
  • Cybersecurity Threats in the Manufacturing Industry
  • The New Era of U.S. Customs Enforcement (and Compliance)
  • Navigating the Domestic Content Compliance Minefield
  • How to Protect Intellectual Property During Product Development
  • 2023 CPSC and FDA Enforcement Trends
  • Terminating Reseller Relationships Amidst the Network-Consolidation Trend: What Manufacturers Need to Know
  • Top Environmental Issues Facing the Manufacturing Sector: The EPA Tackles Climate Change and Emerging Contaminants
  • SEC Final Rules Mandating Compensation Clawbacks in Connection with a Restatement or Revision
  • 2023 Manufacturing Sector M&A: Outlook and Tools to Maximize Strategic Transactions
  • The Dawn of Generative AI in Manufacturing: Opportunities, Implications, and the Future 

Foley & Lardner says its manufacturing sector team continually examines these transformational shifts through the eyes of its clients, according to white paper co-editors Michelle Y. Ku, Chase J. Brill, and Jonathan H. Gabriel. “As we embark on the second half of 2023, this Manufacturing White Paper examines the business and legal considerations that continue to impact the industry and offers the perspectives and insights of attorneys with deep experience serving as trusted advisors to manufacturing companies,” the report says.
 

 

ArticleEditorialOther ServicesSC Services
foley & lardner llp
ArticleEditorialOther ServicesSC Services
foley & lardner llp

The Latest

Ashray Lavsi
Article

What happens to global supply chains if China attacks Taiwan? An interview with Ashray Lavsi

nimble smart robots for fedex
Article

FedEx picks Nimble for fulfillment automation

More Stories

Logistics gives back: October 2024

For the past seven years, third-party service provider ODW Logistics has provided logistics support for the Pelotonia Ride Weekend, a campaign to raise funds for cancer research at The Ohio State University’s Comprehensive Cancer Center–Arthur G. James Cancer Hospital and Richard J. Solove Research Institute. As in the past, ODW provided inventory management services and transportation for the riders’ bicycles at this year’s event. In all, some 7,000 riders and 3,000 volunteers participated in the ride weekend.


Keep ReadingShow less

Featured

Jeremy Van Puffelen of Prism Logistics
Article

InPerson interview: Jeremy Van Puffelen of Prism Logistics

florida ports council vessel
Article

Southeast region continues recovery from stormy October

autonomous lift truck in warehouse
Article

Going deep on self-driving vehicles

siemens logistics airport buggage

Vanderlande to acquire Siemens Logistics for $325 million

The logistics process automation provider Vanderlande has agreed to acquire Siemens Logistics for $325 million, saying its specialty in providing value-added baggage and cargo handling and digital solutions for airport operations will complement Netherlands-based Vanderlande’s business in the warehousing, airports, and parcel sectors.

The acquisition has received approval from the Supervisory and Management Boards of both Vanderlande and its parent company Toyota Industries Corporation (TICO) as well as the Management Board of parent company Siemens AG.

Keep ReadingShow less

Resilience is a daily fight

I recently came across a report showing that 86% of CEOs around the world see resiliency problems in their supply chains, and that business leaders are spending more time than ever tackling supply chain-related challenges. Initially I was surprised, thinking that the lessons learned from the Covid-19 pandemic surely prepared industry leaders for just about anything, helping to bake risk and resiliency planning into corporate strategies for companies of all sizes.

But then I thought about the growing number of issues that can affect supply chains today—more frequent severe weather events, accelerating cybersecurity threats, and the tangle of emerging demands and regulations around decarbonization, to name just a few. The level of potential problems seems to be increasing at lightning speed, making it difficult, if not impossible, to plan for every imaginable scenario.

Keep ReadingShow less
AI tops digital supply chain investment priorities

AI tops digital supply chain investment priorities

Investing in artificial intelligence (AI) is a top priority for supply chain leaders as they develop their organization’s technology roadmap, according to data from research and consulting firm Gartner.

AI—including machine learning—and Generative AI (GenAI) ranked as the top two priorities for digital supply chain investments globally among more than 400 supply chain leaders surveyed earlier this year. But key differences apply regionally and by job responsibility, according to the research.

Keep ReadingShow less
voting stickers for election results analysis

Report: Manufacturing leaders should think beyond November election

U.S. manufacturing leaders should think beyond November and focus on responsiveness for building long-term success regardless of who occupies the Oval Office in 2025, according to a report from Propel Software about uncertainty on business conditions as the presidential election approaches.

Regardless of the elected administration, the future likely holds significant changes for trade, taxes, and regulatory compliance. As a result, it’s crucial that U.S. businesses avoid making decisions contingent on election outcomes, and instead focus on resilience, agility, and growth, according to California-based Propel, which provides a product value management (PVM) platform for manufacturing, medical device, and consumer electronics industries.

Keep ReadingShow less
Copyright ©2024.