An appetite for reshoring and onshoring may be growing due to the coronavirus pandemic, with more than two-thirds of North American manufacturers looking to bring production back home.
These are the necessary steps toward developing a research-and-development partnership among the private sector, government and academia to wrest control of the REE supply chain from China.
Efforts are underway in the U.S. to break China’s monopoly on the mining and processing of rare earth minerals, which are found in many high-tech products for consumer, industrial and military use. But it’s going to be a long haul to achieve that goal.
Quick and efficient arrival of electronic components is essential for any equipment manufacturer to run successfully, but long lead times are increasingly causing halts in production. Here's a breakdown of today's blockages — and how to deal with the disruption.