How Manufacturers are Tackling the Skills Gap
Manufacturing executives have been losing sleep over the worker shortage for a few years. The situation only continues to accelerate, however. Today, the worker deficit has begun hitting companies squarely in the bottom line --during the first quarter of 2019 more than 25% manufacturers had to turn down new business opportunities due to a lack of workers, according to a report from the National Association of Manufacturers (NAM).
President Signs New Trade Agreement with Mexico And Canada To Replace NAFTA
President Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto signed the new U.S. Mexico Canada Agreement — or USMCA — in Buenos Aires on Nov. 30. The agreement provides increased requirements for automotive components to be produced in North America and follows more than a year of talks to update the 24-year-old North American Free Trade Agreement (NAFTA), which supports about $1.2 trillion in annual trade among the three countries in the USMCA.