COVID-19 May Be Delivering A Local Manufacturing Renaissance

Mar 18, 2020

The tragic coronavius pandemic that has caused more than 4,600 deaths worldwide may have one silver lining. Beyond the human suffering and the economic damage from canceled events and flights, local production in the US is surging.

Some, such as Vladimir Signorelli, head of macro investment research outfit Bretton Woods Research, suggested at the height of the Chinese outbreak that “using China as a hub...that model died this week.”

That seems to be backed by newly released data from MachineMetrics. The Industrial IoT Platform for manufacturing devices has seen an unseasonal uptick in utilization across the fleet it monitors over the past weeks. In fact, at 30.5%, utilization is at the highest levels since October 2018.

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