Also: How a Recession Could Impact Supply Chains//The Lore of American Manufacturing
Site & Facility Planning
This Week
Friday, September 16th, 2022
This Week's Must Reads
Semiconductor companies are on the cusp of a decade of opportunity, but success will be predicated on the ability to attract and retain the best and brightest. (McKinsey & Company)
A recession would compound the myriad issues currently plaguing global supply chains, including rising transportation costs and inflation, chronic labor shortages, volatile demand, and scarcity of critical goods. Although it is impossible to predict when a recession will occur or its severity, understanding how a downturn could impact supply chains can help organizations mitigate the effects.   (BDO / LinkedIn)
Amid the lingering effects of the COVID-19 pandemic, rising inflation, the war in Ukraine, geopolitical tensions in East Asia, and more frequent extreme weather events, manufacturing supply chains continue to struggle in bringing goods when and where they are needed (Brookings)
But the CHIPS and Science Act also authorized substantial investments to accelerate other emerging technologies, like quantum computing, which can help solve some of the world’s most complex problems faster and more efficiently than standard computers and is critical to our national security. (The Hill)

Virginia will be home to the LEGO Group’s 1.7 million-square-foot U.S. precision manufacturing facility, a $1B investment that will create 1,761 new jobs in the Commonwealth. Support for the LEGO Group’s job creation will be provided through the Virginia Talent Accelerator Program.

Notable Project Announcements
1
Greece-Based Sunlight Batteries USA Inc., a manufacturer of lithium-ion and other high-performance batteries, will establish operations in Mebane, North Carolina. The $40 million project is expected to create 130 jobs.
2
Ebbtide Holdings, doing business as TN Composites, will expand its manufacturing operations in White Bluff, Tennessee. The $23.1 million project is expected to create 132 jobs over the next five years in Dickinson County.
3
Hemlock Semiconductor Operations will modernize and expand operations in Thomas Township, Michigan. The $375 million project is expected to create 170 jobs.
4
GAF, a Standard Industries company and North America's largest roofing and waterproofing manufacturer, will build a new manufacturing plant in Valdosta, Georgia. The $146 million project is expected to create 135 jobs.
5
Log Still Distillery has officially opened its operations in Nelson County, Kentucky. The $60 million project is expected to create 146 jobs.
Around The Web
In Ohio’s Senate race, both candidates are employing anti-Asian rhetoric and neglecting to hold corporations to account. (The New Yorker)
Navigating converging social, economic, and technological trends requires rethinking your ecosystems strategy. (PwC)
Agreement next goes to union members for ratification vote (Bloomberg)
The law is too focused on shutting out Beijing, which will ultimately hold the US back from expanding its own supply chain. (Bloomberg)
This summer, Purdue announced partnerships with SkyWater to build a $1.8 billion fabrication facility in West Lafayette. (Purdue)
Public schools are increasingly using savings from solar energy to upgrade facilities, help their communities, and give teachers raises — often with no cost to taxpayers. (NYTimes)
ur 2022 BDO Tax Outlook Survey polled 150 middle market tax executives to understand the challenges they are experiencing, their outlook on the rapidly evolving global tax landscape and how they are planning to adapt and perform through uncertainty in the upcoming year. (DBO)
Regional culture, history, and infrastructure are the qualities of a region of the world that drives innovation, jobs, and economic development because technology is ultimately about people and their potential. (Medium)
As central banks obsess over far-off dangers, a tsunami of energy-price bankruptcies approaches. (WSJ)
The White House said Thursday it was targeting 15 gigawatts of floating offshore wind capacity by the year 2035, as it looks to compete with Europe and Asia in the nascent sector. (CNBC)
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