10 Industry Updates You Need to Know This Week - ThomasNet News

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Good morning and welcome to a new week with Thomas Insights. Below are 10 key industry updates you need to know this Monday morning to stay informed as you start your week. To get these stories and more in your inbox every morning, subscribe to the Thomas Industry Update Newsletter.

1. Tesla Officially Selects Texas for New Gigafactory

After months of negotiations and narrowing the location of the next Gigafactory down to either Austin, Texas, or Tulsa, Oklahoma, Tesla finally confirmed its selection of Texas for the new plant. Gigafactory Texas will be Tesla's largest auto assembly facility in the world and is expected to create at least 5,000 new jobs.  

2. 2020 Plant-based Protein Investments Already Doubled 2019 Records [Report]

Report researchers found that the first six months of 2020 saw more than $1.1 billion of venture investments pumped into alternative proteins — already more than doubling 2019’s full-year total of $534 million. FAIRR noted several recent factors helping the plant-based market, including public concern over a possible link between meat production and COVID-19 and African Swine Fever, along with a sharp drop in China’s pork consumption.

3. Advising Future Supply Chain Leaders with Rose Celestin [New Podcast]

In the latest episode of the Thomas Industry Update Podcast, I sat down with Rose Celestin, the senior strategic sourcing lead at WSSC Water and newest Thomas NextGen for Industry, to talk about how to establish an enduring career in supply chain, especially as a young, minority female. She definitely knows a thing or two about longevity considering she started her career in the industry at just 14 years old. 

4. Automation and Data Will Be Driving Future Safety at Your Industrial Facility

Mark Heidebrecht, co-founder of Ergonomics International, certified ergonomist, and recent guest on the Thomas Industry Update Podcast, explains that in order to stay up-to-date, industry leaders will have to look to data for the best solutions for optimization, automation, and advancement at their facilities. However, they'll need to make sure it's the right data in order to be successful. 

5. 10 Predictions for Our Post-COVID-19 Future

From creative outdoor dining when temperatures drop to open source solutions and touchless sanitation stations becoming even more prevalent, here are 10 predictions from Thomas Insights Editor Stephanie Nikolopoulosfor about what she believes life post-COVID-19 may look like.

6. How to Recruit, Retain Top Talent Through an Actionable Focus on Diverse Hiring

“I believe that companies are realizing that developing a culture of inclusivity and developing a culture that embraces everyone’s differences is key to longevity within your own company. [It is] key to being able to bring on top talent and retain your top talent,” said Mary Person, director of Governmental Relations and External Affairs for FH Paschen.

7. ISM Survey Indicates 76% of Firms Reporting Reduced Revenue Targets [Report]

The vast majority of the 676 respondents, most of whom were U.S.-based, indicated that their product demand had decreased by an average 15%. Overall, ISM notes, 97% of organizations surveyed said their supply chain had been impacted by COVID-19.

8. How Manufacturers Are Keeping Up with the Rise of Baking

Most people haven’t forgotten the fear of the initial days of COVID-19 lockdowns when many have collectively turned to their ovens for solace. This is not unique to the current pandemic, the LA Times reports. People often turn to baking as a comfort activity during uncertain times, like that of 9/11, another tragedy when baking sales spiked. Although the activity is soothing consumers, the demand became taxing on manufacturers. Keeping up is solely a result of innovations and ingenuity in supply chains. 

9. Google Balloons Drop Internet Access on Africa

Google's sister company, Loon, selected Kenya as its next location to launch a fleet of 35 solar-powered, high-altitude balloons to deliver 4G internet access to about 31,000 square miles, about the equivalent of the state of South Carolina.

10. How the Dell Supply Chain Stays Competitive with Tech Giants

Despite competing with industry giants like Google and Apple, Dell still continues to dominate in the tech space, likely because of its transformative supply chain execution.

Image Credit: Courtesy of Tesla Press

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