Biden’s tariff move comes after his nation’s turbulent relationship with China has stabilized in recent months amid a flurry of diplomatic engagements.

The report projects that the U.S. will grow its manufacturing share of advanced logic chips to 28% of global capacity by 2032.

Todd Burke, president of global business development at electronic components distributor Smith, reviews the conclusions of the company’s 2024 Preview Market Intelligence Report on the semiconductor industry.

Implementing advanced technologies such as an MES allows businesses to alleviate the immediate challenges associated with staffing shortages, and lay the groundwork for long-term workforce resilience.

By practicing foresight and preparing for the inevitable hiccup, manufacturers can go a long way toward ensuring that a shortage of microchips doesn't cause their facilities to lay dormant. 

While some retail supply chain leaders may initially feel hesitant about investing in achieving RAIN-tagging compliance, doing so can deliver significant upside potential.