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🏭Three Volkswagen plants will close in Germany 📰 Concern Volkswagen has announced its intention to close at least three plants in Germany, cut tens of thousands of employees and reduce wages by 10%. This was reported by Associated Press News with reference to the head of the production Council of Volkswagen Daniela Cavallo. 🚘 If German factories do close, it will be the first time in the brand's history. 🪧 Large-scale strikes by workers could begin in December. @CarsNews #Volkswagen#manufacturing

Trump’s Policy Failed to Bring Manufacturing Back to the US Donald Trump’s economic strategy aimed at reshoring manufacturing to the US did not meet expectations. Political analyst Ivan Pyatibratov explains that production shifted within Asia—from China to Vietnam—instead of returning to American factories. This shift did not create US jobs and highlights the challenges of unilateral actions in a global economy. “Supply chains seek the most cost-effective locations,” Pyatibratov notes. #USA#economy#manufacturing#Trump The main news of Russia and the world ishere.

🏭🇺🇸NVIDIA BRINGS THOUSANDS OF JOBS TO TEXAS — AI MANUFACTURING BOOM 🔹 World's most valuable company partners with Corning — building three new factories in Texas and North Carolina 🚀 🔹 Over three thousand new high-paying American jobs promised — expanding Austin presence with massive office space 💼 🔹 Nvidia CEO Jensen Huang doubles down on U.S. manufacturing — "AI is not just tech story, it's manufacturing story" 🏗️ Austin becomes AI capital of America — Dell, Samsung partnerships create tech ecosystem 🌟⚡ From Silicon Valley to Texas — the future is being built in America 🇺🇸✨ #USNews#Nvidia#Austin#manufacturing @america

🏭🇺🇸US STEEL: $14B DEAL BUT NO WORKERS? 🔹 Nippon Steel pouring $14B into US facilities; Trump holds "golden share" to prevent shutdowns 🇯🇵 🔹 Mon Valley plant manager struggles to find skilled workers despite massive investment influx 👷‍♂️ 🔹 Cleveland Fed Pres Beth Hammack: "Labor shortage is a real barrier to growth" across sector 📉 🔹 Interest rates likely staying high to combat inflation fears, hurting construction demand 💸 🔹 Deloitte report warns: Tariffs on raw materials partly to blame for rough manufacturing year 📊 Billions in investment means nothing if nobody can run the machines. A strange economic paradox. 🤖 #USSteel#Economy#Manufacturing#Inflation#Jobs#Fed

Who is shaping the future of industry? Meet the Top 100 IT Leaders nominees Digital transformation across energy, utilities, manufacturing, and engineering is redefining how industries operate — from smart factories and connected infrastructure to data-driven decision-making and sustainable production. Behind these changes are IT leaders driving large-scale transformation across complex systems, operations, and global value chains. 👏 Meet the Top 100 IT Leaders nominees in the Industry category: • Peter Robb — Group CIO, Omnia Holdings • Vladimir Arshinov — Group Chief Technology Officer, EMSTEEL PJSC • Abu Mokaddes — Chief Information Officer, Berger Paints Bangladesh • Avneesh Vats — Vice President (Digital Infra & Innovation) & CIO, Techno Electric and Engineering Co. Ltd • Aamir Pirzada — CIO, Maadaniyah • Charles Bascour — CIO, KDM Empresas • Rajneesh Singh — CIO / VP – IT & SAP, Rays Power Infra Limited • Abhishek Bansal — Senior Manager, Digital Transformation, Chint Solar Europe GmbH • Abdelmoneim Ibrahim — CIO, Natural Gas Vehicles (Car Gas) • Prasad Tripurari — CTO, Ramoji Group IT • Noor us Samad — Chief Information Officer, Thal Limited (House of Habib) • Hafeez Shah — Chief Information Officer, Sapphire Mills • Jamil Ur Rehman — Group Senior General Manager (IT) / CTIO, Sui Southern Gas Company Ltd. • Ricardo Alexandre Santos Brasil — IT Director, GWS Engenharia • Daniyal Alghazzawi — Digital Transformation Officer, Petromin • Maxim Gaifullin — Group CIO/CDO, Kazzinc • Kushal Kumar Varshney — AVP (Head IT / CIO), Juniper Green Energy Limited • Raj Kumar — Head of Professional Services | Vice President, Abacus Each of these leaders is contributing to the transformation of industrial sectors and setting new standards for efficiency, resilience, and innovation. 👉 Now it’s your turn to choose. Support the IT leaders who are driving the future of industry forward: https://globalcio.com/top100/rating/industry/ 🗓 Voting is open until May 3 #Top100ITLeaders#GlobalCIO#Industry#Manufacturing#Energy#DigitalTransformation

🚀 U.S. Factory Orders Excluding Transportation Rise in February U.S. factory orders excluding transportation increased by 1.2% in February, surpassing expectations of a 0.4% rise. According to Jin10, the previous value was revised from 0.40% to 0.5%. #US#FactoryOrders#Manufacturing#Economy#February#DataRelease

Funding Round Highlights: January 2025 🔍 Key funding rounds from January 2025: - Omnitron Sensors: $13M for efficient MEMS manufacturing. Learn More - Unwrap.ai: $12M for AI-powered customer feedback analytics. Learn More - Le Fourgon: $8.55M for returnable product transportation. - TeamSec: $7.60M for cloud-based securitization solutions. Learn More - Crowded: $7.50M raised. - Cactos: $7.27M for innovative electricity storage solutions. Learn More - Selta Square: $6.41M for pharmacovigilance AI solutions. Learn More - Medsender: $5M for HIPAA-compliant document automation. Learn More - Univale Transportes: $4.78M raised. - SKUsafe: $4.30M for compliance and nutritional analysis tools. Learn More #AI#Fintech#Regtech#Manufacturing#Healthcare#Energy#SupplyChain#NutritionalAnalysis#Compliance#StartupFunding

Goldman Sachs: Trump's tariffs are hitting American companies and consumers the most. While the U.S. economy is coping with the effects of tariff increases imposed by the Trump administration, a new Goldman Sachs analysis paints a mixed picture of cost allocation and long-term impacts. According to a recent report mentioned in a post on X by trade economist Scott Lincicome, the first data for the period up to June 2025 shows that foreign exporters took on only 14% of the tariff burden, while American companies incurred a whopping 64% and American consumers 22%. This breakdown highlights how tariffs designed to protect domestic industry often spread through supply chains in unexpected ways. An analysis conducted by Goldman Sachs Research shows that "protected" American companies — those that are protected by tariffs on foreign competitors — have taken advantage of the situation by raising their prices. Such an opportunistic pricing policy increased inflationary pressures, which primarily affected consumers. Lincicome's post notes that prices for consumers may rise by up to 70% by the fall, which will worsen the already strained situation of household budgets affected by broader economic problems. Going deeper into the analysis, Goldman Sachs economists predict that these tariffs will not only lead to higher costs, but also disrupt corporate profits. In a Goldman Sachs article published in February 2025, analysts warned that a stronger dollar, possibly caused by tariffs, could lead to a 2% decrease in profits for S&P 500 companies for every 10% strengthening of the currency, given that 28% of revenue comes from abroad. This was confirmed by the earnings reports for the second quarter, as detailed in a Goldman Sachs analyst article dated July 2025, which showed the first profit losses, especially for multinational companies dependent on imported resources. According to a Lincicom analysis published in April 2025 on X, American manufacturers, in particular, will face a 5-15% increase in production costs due to duties on imported materials. This decrease in competitiveness is evident in foreign markets, where American exporters are struggling with competitors who are not subject to customs duties. The Times of India newspaper reported just four days ago that similar tariff dynamics prompted Goldman Sachs to lower India's GDP forecast for 2025, highlighting the global consequences that could boomerang for American companies in the form of lower export demand. For consumers, tariffs are far from an abstract thing. Goldman Sachs estimates that effective tariff rates could rise to 14 percentage points by the end of 2025, even with the unannounced increases, as noted in the Seeking Alpha article two weeks ago. This will lead to higher prices for everyday goods, from electronics to clothing, which will affect low-income households the most. An article in the Economic Times from last week echoed this thought, citing Fitch Ratings data, according to which US tariffs on Indian goods jumped from 2.4% a year earlier to 20.7%, which indirectly led to higher costs for American importers and, ultimately, for buyers. In addition, the uncertainty generated by tariffs is holding back investment. In his posts on X dated May and July 2025, Lincicome refers to Goldman Sachs forecasts for a reduction in capital expenditures, which will lead to a decrease in capital and per capita consumption over time. This long-term decline in productivity, including a shift to less efficient domestic enterprises and reduced innovation, could lead to lower U.S. GDP growth, as outlined in Goldman's April 2025 report on the risk of a tariff-induced recession. #Trump#Tariffs#GoldmanSachs#USEconomy#TradeWar#Inflation#ConsumerPrices#USPolitics#Manufacturing#GlobalTrade#EconomicImpact Don't miss it, subscribe to 📱Old Glory Vortex 🇺🇸

🚀 Germany's Industrial Output Falls Unexpectedly in February Germany's Federal Statistical Office announced on Thursday that industrial output in February unexpectedly declined, with energy price shocks from Middle Eastern conflicts expected to further suppress production. According to Jin10, industrial output fell by 0.3% month-on-month in February, following a revised flat reading in January. The market had generally anticipated a 0.5% increase for February. The decline in output was primarily driven by decreases in the construction sector, as well as in the electronics, optical products, and pharmaceutical industries. In contrast, the Federal Statistical Office noted that automobile production saw growth after a significant drop in January. #Germany#IndustrialOutput#Economy#Manufacturing#Construction#Electronics#Pharmaceuticals#Automobile#EnergyPrices#February

🚀 Brazil Faces Shrinking Package Sizes Amid Rising Prices In Brazil, consumers are noticing a trend where package sizes for everyday items like chocolate bars and coffee are decreasing, while prices remain the same or increase. Bloomberg posted on X, highlighting this phenomenon as a response by manufacturers to cope with rising production costs without directly increasing prices. This strategy, known as 'shrinkflation,' allows companies to maintain profit margins while avoiding the backlash that often accompanies price hikes. As inflation continues to impact the Brazilian economy, consumers are left paying more for less, a situation that is becoming increasingly common across various product categories. #Brazil#Shrinkflation#RisingPrices#ConsumerGoods#Inflation#Economy#PriceHikes#CostCutting#BrazilEconomy#Manufacturing

🚀 Hermès Expands Leather-Goods Production Amid Global Uncertainty Hermès has inaugurated its 25th leather-goods manufacturing facility in France, continuing its strategy to boost production despite a slowdown in luxury demand. Bloomberg posted on X, highlighting the company's commitment to growth even as geopolitical tensions, such as the Iran conflict, introduce new uncertainties to the market. Hermès remains focused on expanding its operations, aiming to meet long-term goals despite current challenges in the luxury sector. #Hermès#LeatherGoods#Luxury#Manufacturing#France#Expansion#GlobalUncertainty#LuxuryMarket#BusinessGrowth#Geopolitics

🚀 Colombia to Implement 100% Tariffs on Ecuadorian Imports Amid Diplomatic Strain Colombia has announced plans to impose 100% tariffs on imports from Ecuador, escalating trade and diplomatic tensions between the two nations. Bloomberg posted on X, highlighting the growing discord between Colombian President Gustavo Petro and Ecuadorian President Daniel Noboa. The decision marks a significant shift in the trade relationship between the neighboring countries, potentially impacting economic ties and regional cooperation. The move comes amid broader geopolitical challenges in the region, with both leaders navigating complex domestic and international pressures. The tariff imposition is expected to affect various sectors, including agriculture and manufacturing, as businesses and consumers brace for potential disruptions. Observers are closely monitoring the situation, anticipating further developments in the diplomatic standoff. #Colombia#Ecuador#Tariffs#TradeWar#DiplomaticTensions#GustavoPetro#DanielNoboa#EconomicImpact#RegionalCooperation#Agriculture#Manufacturing