Looking to American Manufacturing Entrepreneurs to Save Lives and Jobs; UK and eurozone suffer record slumps amid Covid-19 lockdowns – business live; EU should ‘not aim for self-sufficiency’ after coronavirus, trade chief says; What Will Manufacturing’s New Normal Be After COVID-19?
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2. Looking to American Manufacturing Entrepreneurs to Save Lives and Jobs; UK
and eurozone suffer record slumps amid Covid-19 lockdowns – business live; EU
should ‘not aim for self-sufficiency’ after coronavirus, trade chief says; What Will
Manufacturing’s New Normal Be After COVID-19?
3. The Manufacturing Coalition says they can create a domestic supply chain to secure
products essential to U.S. security, including those to combat COVID. The Manufacturing
Coalition, a group of American business leaders drawn from the Young Presidents’
Organization (YPO).
Source: IndustryWeek.
Looking to American Manufacturing
Entrepreneurs to Save Lives and Jobs
4. Companies across Britain and the euro area report tumbling orders and activity, as the world
slides into a deep recession
• UK economy shrinking fast
• UK flash PMI falls to just 12.9 (record low)
• Eurozone PMI slumps to new low
• UK to issue £225bn of new debt by July
Live updates: The Guardian.
UK and eurozone suffer record slumps
amid Covid-19 lockdowns – business live
5. Phil Hogan says the recent surge in EU medical manufacturing is a crisis-response solution
— not a permanent one.
He says the EU has to be more outward-looking and do more trade agreements around the
world.
Source: Financial Times
EU should ‘not aim for self-sufficiency’
after coronavirus, trade chief says
6. History teaches us that short-term measures taken in response to global crises lead to changes that last for
decades.
Manufacturers are scrambling to resume production, revive supply chains, and get back to some semblance
of normality resembling that of the pre-virus world.
Some points about long term effects:
• Revival of (Automated) Domestic Manufacturing
• Decoupling of Supply Chains
• Data Infrastructure as a Strategic Asset
• Remote Work, Collaboration and the ‘Virtual Shift’
Source: IndustryWeek.
What Will Manufacturing’s New Normal Be
After COVID-19?