Todd Waddle, Director of M. Holland’s Wire & Cable and Sustainability groups, joined a recent Art of the Possible podcast episode hosted by IPC. Click here to access the episode, which focuses on the growth in electrification, sustainability efforts across the manufacturing industry and the Electrical Wire Processing Technology Expo (EWPTE) 2023.
M. Holland will be closed Friday, April 7, in observance of the Easter holiday.
Oil was mostly flat Tuesday as investors weighed OPEC+’s plans to cut output with signs of weak economic growth in the U.S. and China.
In mid-morning trading today, WTI futures were down 1.2% at $79.78/bbl, Brent was down 1.0% at $84.07/bbl, and U.S. natural gas was up 1.0% at $2.13/MMBtu.
Top U.S. and EU officials pledged Tuesday to cooperate on energy in the face of global attempts to destabilize markets, an agreement coming several days after OPEC+ shocked markets by unexpectedly slashing monthly output.
Investors are scooping up stocks in Mexican real estate, transport companies and banks on hopes of a nearshoring boom in the country. The rest of Latin America and the Caribbean should also see strong investment, experts say.
Inventories at apparel retail group PVH, parent of Calvin Klein and Tommy Hilfiger brands, were up 34% last quarter as supply chains normalized from the constraints of the year-ago period.
In the latest news from the auto industry:
Ford’s first-quarter U.S. sales rose 10.1%, fueled by pent-up demand for electric vehicles and easing supply-chain disruptions.
Ford and its union in the Mexican state of Chihuahua reached a deal for the automaker to raise wages 8.2% this year.
GM sold almost double the number of electric vehicles (EVs) as Ford in the first quarter, surpassing Ford as the second-largest EV producer in the U.S. behind Tesla.
Tesla sold almost 90,000 China-made cars in March, a 35% increase from a year ago.
Prices for lithium are down more than 30% this year, ending a two-year hot streak as demand slows for electric vehicles.
The private sector added 145,000 jobs in March, well below economist expectations, with the manufacturing sector shedding jobs and service sectors gaining. Wages for existing jobholders rose 6.9% year-over-year, slower than in recent months.
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