Global Scans · Manufacturing · Weekly Summary

• [New] All UK Emissions Trading System sectors should be covered to minimise the risk of material substitution, as should products where CBAM materials make up a substantial part, to avoid value chain circumvention. EUROMETAL
• [New] The disruption of global supply chains resulted in a decrease in the demand for products related to electronic-grade polysilicon. Virtue Market Research
• [New] Risk management insurance companies play a vital role in preventing and mitigating cyber risks, especially in the manufacturing sector in the US as of 2024. Inszone Insurance
• [New] Graphene nanotubes manufacturer OCSiAl (Luxembourg) will begin production in its new facility near Belgrade, Serbia in 2024. compositesworld
• [New] At Hannover Messe 2024, Scape Technologies will present the Pro Industrial 3D stationary scanners and a new robot mounted 3D SCAPE Mini Scanner. MarketScreener
• [New] Recycling could provide 43% of the minerals required for domestic manufacturers to meet demand for batteries by 2040. The Economist
• [New] In an effort to meet its emission goals, the EU plans to invest heavily in hydrogen production by 2050, while the United States has also pledged significant funding for clean hydrogen projects. EITEP Institute
• [New] New environmentally-friendly growing media made from waste materials will be developed by researchers at the University of Sheffield's Institute for Sustainable Food, for use when growing crops in controlled environments. The University of Sheffield
• [New] Outside of Vietnam, VinFast is accelerating the construction of EV manufacturing plants in the United States, India, and will establish a plant in Indonesia. VinFast
• [New] Gen AI could lift productivity by 3% to 5% across the banking sector, delivering value equal to an additional US$ 200 billion to US$ 340 billion in annual revenues. Fintech Singapore
• [New] The UK can ill-afford to allow domestic oil and gas production to dwindle as significant demand is expected to last for decades to come. Kent Online
• [New] A failure to protect domestic production would leave the UK reliant on more expensive and greater-polluting imports, and threaten thousands of jobs, particularly in small communities. Kent Online
• [New] Pork production in Brazil is forecast to grow by 4% to 4.6m t, as producers continue to benefit from lower production costs. Pig World
• [New] Global pork production in 2024 is forecast to fall by 1% to 115.6 million tonnes in 2024, as lower production in China more than offsets production gains in the EU, US and Brazil. Pig World
• [New] As Fast Company reports, the more EV batteries are recycled in the US, the more raw materials will be available, ultimately reducing the cost to manufacture EVs, which is quiet an incentive in itself. ChargeLab USA Inc.
• [New] By 2030, mines in production or currently under construction will only meet half of global demand for battery metals like lithium and cobalt. Mining Weekly
• [New] Iran could build a nuclear weapon in short order, but even before a bomb is ready, even before it builds one or buys it from, say, North Korea, it could use nuclear material inside a conventional weapon. CNN
• Some industry groups and local officials are dissatisfied with EPA's new rules, questioning the economic burden placed on water systems and manufacturers and predicting that certain manufacturing industries will seek residence in countries with less stringent environmental protections. JD Supra
• The Security Credential Management System will allow industry to design connected vehicles while following harmonized standards between Canada and the United States, and reduce manufacturing costs. Transport Canada
• The Smart Technology Hub will be a new center of research, product development and production. Wartsila.com
• The expansion of irrigated lands and increased rice productivity, facilitated by Japan-supported irrigation infrastructure, mitigated the risks of harvest failure due to droughts and floods. Taylor & Francis

Last updated: 21 April 2024