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5 days ago | 
thomasnet.com | Laura Ross |Audrey Altmann
A tariff is a tax or duty that a government imposes on goods or services imported from another country. Tariffs are designed to influence foreign importers, grow and protect domestic industries, achieve trade policy objectives, and generate revenue for the government. Tariffs can address unfair trade practices, reduce trade deficits, stimulate sustainable economic growth, and reduce dependence on foreign suppliers.
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2 weeks ago | 
thomasnet.com | Laura Ross |Audrey Altmann
Cadillac cars are characterized by luxury interiors, visionary engineering, exceptional craftsmanship, and peak performance. Founded by Henry M. Leland in Detroit, Michigan, in 1902, Cadillac quickly established itself as an industry pioneer. In 1903, it unveiled its first model at the New York Auto Show, developed the world’s first successful electric self-starter in 1909, and introduced the first mass-produced V8 engine in 1915.
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1 month ago | 
thomasnet.com | Laura Ross |Audrey Altmann
Image credit: Iv-olga/ShutterstockFamily-owned companies play a surprisingly prominent role in an increasingly globalized and dynamic world. Remarkably, if the largest 500 family businesses combined their revenue, they would have a GDP that is only beaten by the U.S. and China. Here, we explore the origins and journeys of the top five, ranked by revenue. Born to farmers in Oklahoma in 1918, Sam Walton grew up during the Great Depression.
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1 month ago | 
thomasnet.com | Laura Ross |Audrey Altmann
Valued at $2.5 trillion, the U.S. manufacturing industry is a well-established global leader in innovation and output. Long-term trends, however, have led to a significant talent gap, with recruiters concerned about the retirement of the Baby Boomer generation, who currently make up of manufacturing workers. Automation is making a significant impact across the sector, reducing dependency on labor in factories and plants, but this currently applies only to repetitive and lower-skilled jobs.
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1 month ago | 
thomasnet.com | Laura Ross |Audrey Altmann
In August 1983, Toyota’s Chairman, Dr. Eiji Toyoda, gathered an array of strategists, engineers, and designers for a top-secret meeting. Their mission was clear: build the world’s greatest vehicle to rival all those that came before it. Known as the Flagship One project, a team of 60 designers, 24 engineering teams, and 220 support workers committed tens of thousands of hours at an immeasurable cost to develop the best in automotive excellence.
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1 month ago | 
thomasnet.com | Laura Ross |Audrey Altmann
Tesla is a pioneer in the electric vehicle market and one of the most recognizable brands in the world. Founded in 2023 as an electric car company by engineers Martin Eberhard and Marc Tarpenning, the company’s founding mission was to accelerate the world’s transition to sustainable energy. Elon Musk, an early investor and board member, took over as CEO in 2008, the same year the automaker’s first car, the all-electric Roadster, rolled off the assembly line.
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1 month ago | 
thomasnet.com | Laura Ross |Audrey Altmann
No field has enjoyed more rapid developments than computing. In the past few decades, computers have been liberated from the confines of advanced science labs and become an essential item in every household. That’s not to mention their critical contributions across almost all industries and fields of research. If you believe the hype, the sector’s latest development marks the start of an entirely new era of computing.
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1 month ago | 
thomasnet.com | Laura Ross |Audrey Altmann
Manufacturers everywhere are rethinking how we make, use, market, and dispose of products. Car re-rentals, vending machines for washing powder, coffee cups you can eat, subscriptions for recyclable running shoes, and water harvesting using food scraps: from manufacturing processes and service-based models to product innovation, a lot is happening in the circular economy. Creating a circular economy means reinventing the way we manufacture and consume goods.
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2 months ago | 
thomasnet.com | Laura Ross |Audrey Altmann
The industrial sector tops the list of the world’s biggest energy consumers, using around 54% of the world’s total energy. In the U.S. alone, industrial activities consumed a staggering British thermal units (BTU) in 2023, and annual usage is expected to grow rapidly between now and 2050. The problem? A host of environmental issues—including air, water, and thermal pollution, climate change, and solid waste disposal—are directly linked to energy production and consumption.
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2 months ago | 
thomasnet.com | Laura Ross |Audrey Altmann
Home Depot is the world’s largest home improvement retailer, which sells a wide range of building materials, home improvement supplies, power tools, appliances, and indoor and outdoor garden products to DIY customers, professional contractors, and the industry’s largest installation businesses. Today, the retailer operates 2,300 stores across North America, each averaging 105,000 square feet of indoor retail space. It also has a thriving e-commerce business, selling over one million products.
