Aug
7
Detroit is Changing it’s Auto Image to Attract Young Talent
As capital of automotive manufacturing in America, Detroit manufacturers are attempting to restructure the industry image to reel in young talent. Detroit has slowly been coming back as the epicenter for all auto development, but like many industries, recruiting young talent to replace retiring baby boomers has been challenging. Auto experts know they need to restructure the face of the industry and ultimately, would like to see the city as a rival to Silicon Valley as a center for innovation. To do, new initiatives such as “We Run on Brainpower”, introduced by Snyder, targets Michigan students by showcasing cutting edge technological jobs. Michigan has one of the highest concentrations of engineers in the country but experts estimate it could years to successfully tap this talent into the auto industry. Read more…
Proposed Bill Tightens Anti-Human Trafficking Measures
The Business Supply Chain Transparency on Trafficking and Slavery Act of 2015 is a new bill being introduced by congress to further anti-human trafficking measures in the United States. The proposed bill would require all businesses with over $100 million dollars in global receipts ton disclosure the steps they were taking to reduce human trafficking within their own supply chain. With an estimated 29 million people suffering in modern day slavery, legislators are taking every precaution to reduce these numbers and place more accountability on businesses. Experts say that while some businesses are ‘willfully ignorant’ or even fully aware of the slavery occurring within their supply chains, the new bill will hopefully reduce these numbers by placing higher transparency demands on businesses. Read more…
UniCarriers to be Acquired by Mitsubishi
Mitsubishi announced earlier it’s week that it would be expanding it’s material handling empire with it’s latest acquisition of UniCarriers. Since the announcement, Mitsubishi has become the 3rd largest forklift manufacturer in the world, only behind Toyota and Kion. UniCarriers has been acquired for a cool $887 million with the company expecting to generate sales of more than $400 billion a year. Read more…