CFDA & Ralph Lauren launch grants to boost US fashion manufacturing

The Council of Fashion Designers of America (CFDA) announced two new initiatives designed to strengthen American fashion manufacturing, drive innovation, support workforce development, and promote economic growth in key apparel-producing regions across the country.

The CFDA x NY Forward Grant Fund, developed with funding from both the New York State Department of State and Ralph Lauren Corporation (Ralph Lauren), will provide partially matching grants to designers and manufacturers based in New York City’s Garment District. The U.S. Fashion Manufacturing Fund, created with Ralph Lauren as founding partner, will support apparel manufacturers nationwide. Both programs aim to help companies to modernize equipment, expand services, and train workers – building the capacity and resilience of American fashion manufacturing.

CFDA has launched two new grant programmes with Ralph Lauren to strengthen American fashion manufacturing.
The CFDA x NY Forward Grant Fund will support New York City’s Garment District, while the US Fashion Manufacturing Fund will aid manufacturers nationwide, focusing on modernisation, workforce training, innovation and long-term industry resilience.

These programs build on the success of the CFDA’s Fashion Manufacturing Initiative (FMI), launched in 2013 in affiliation with the New York City Economic Development Corporation (NYCEDC), Andrew Rosen, and with the long-term support of Ralph Lauren, among others. To date, Ralph Lauren has contributed $2 million as FMI’s Premier Underwriter, enabling grants to 54 factories and positively impacting more than 2,000 jobs.

“Strengthening American manufacturing to ensure designers have local partners has long been at the core of CFDA’s mission,” said Steven Kolb, CEO and President of the CFDA. “We are proud to extend our decade-plus work with Ralph Lauren Corporation and expand to a national level while also continuing our local NYC investments alongside our first-ever partnership with the New York State Department of State.”

Together, these new grant programs mark a landmark commitment: sustaining New York’s Garment District while bolstering U.S. manufacturing nationwide — ensuring that American fashion continues to lead globally through innovation, craftsmanship and community.

“Our expanded partnership with the CFDA reflects Ralph Lauren’s enduring commitment to advancing innovation and supporting American fashion,” said Katie Ioanilli, Chief Global Impact & Communications Officer, Ralph Lauren Corporation. “This is not only an investment in our industry — it’s an investment in a vital part of American culture that we share with the world.”

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)

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Ralph Lauren Invests in Domestic Fashion as U.S. Manufacturing Job Market Shrinks

Ralph Lauren and the Council of Fashion Designers of America is widening its financial commitment to domestic apparel production as new economic data underscore just how fragile American fashion manufacturing has become.

This week, the CFDA announced two new grant programs aimed at stabilizing and modernizing U.S.-based fashion manufacturing, extending its support well beyond New York City for the first time. The move comes as fresh analysis from Deloitte shows that apparel and textile manufacturing remain among the fastest-declining segments of the U.S. industrial economy, even as policymakers push to reshore production.

The first initiative, the CFDA x NY Forward Grant Fund, is a city-focused effort developed with funding from the New York State Department of State and Ralph Lauren Corp. It will provide partially matching grants to designers and manufacturers operating in New York City’s Garment District, an area that has steadily lost factories and skilled labor over the past two decades.

The second program, the U.S. Fashion Manufacturing Fund, represents a broader national expansion. Also created with Ralph Lauren as a founding partner, the new fund will operate from 2027 through 2029 and support manufacturers across key apparel-producing regions including California, New Jersey, North Carolina, South Carolina, Texas, and Florida. The program is structured to cover 80 percent of eligible investments, with recipients contributing the remaining 20 percent, and is designed to help manufacturers upgrade machinery, adopt advanced software, and invest in workforce training.

Rather than attempting to recreate the labor-intensive apparel sector that once defined American manufacturing, the CFDA is directing capital toward higher-value, technology-enabled production that can survive within a dramatically changed global economy.

Tomáš Petz

“Strengthening American manufacturing to ensure designers have local partners has long been at the core of CFDA’s mission,” Steven Kolb, chief executive officer and president of the CFDA, said in a statement. “We are proud to extend our decade-plus work with Ralph Lauren Corp. and expand to a national level while also continuing our local NYC investments alongside our first-ever partnership with the New York State Department of State.”

Ralph Lauren Corp. has been a central financial backer of the CFDA’s manufacturing efforts since 2013, when the organization launched its Fashion Manufacturing Initiative in partnership with the New York City Economic Development Corp. and industry executive Andrew Rosen. To date, Ralph Lauren has contributed $2 million as the initiative’s premier underwriter, enabling grants to 54 factories and supporting more than 2,000 jobs.

“Our expanded partnership with the CFDA reflects Ralph Lauren’s enduring commitment to advancing innovation and supporting American fashion,” said Katie Ioanilli, chief global impact and communications officer at Ralph Lauren Corp. “This is not only an investment in our industry — it’s an investment in a vital part of American culture that we share with the world.”

The renewed focus on modernization and training arrives as long-term economic trends continue to weigh heavily on apparel production. According to Deloitte’s Economics Insider series, real gross value added in U.S. manufacturing has grown at an average annual rate of 1.5 percent since 2000, compared with 2.1 percent growth across the broader economy. Manufacturing’s share of U.S. economic output stood at 9.4 percent in the second quarter of 2025, down from 15.1 percent 25 years earlier.

Within that contraction, apparel and textiles have been hit particularly hard. Deloitte data show that output in textile mills and textile product manufacturing has declined by an average of 2.9 percent per year since 2000, while apparel, leather, and allied products have fallen by an average of 2.2 percent annually. Employment losses have been even steeper, with apparel payrolls shrinking at an average rate of 6.8 percent per year over the same period.

By contrast, capital-intensive manufacturing sectors such as computer and electronic products have posted strong output growth, reinforcing a reality that CFDA leaders appear to be acknowledging: future domestic fashion manufacturing will depend less on scale and more on specialization, automation, and advanced skills.

The structure of the new grant programs mirrors that shift. Both funds are explicitly designed to help companies modernize equipment, expand technical services, and train workers in advanced production methods rather than increase headcount alone. The CFDA x NY Forward Grant Fund will distribute two rounds of funding in 2026 and 2027, with one manufacturer in each round also receiving the Ralph Lauren Manufacturing Award, which covers the full grant amount in recognition of innovation.

Ralph Lauren

New York State remains a focal point. In 2024, the state’s fashion industry was responsible for approximately $25 billion in wages, with New York City accounting for roughly $20 billion annually. Statewide, fashion employs about 315,000 people, including 204,000 jobs based in the city.

Ralph Lauren has also continued to anchor portions of its own production domestically, particularly through its role as Official Outfitter of Team USA. The company manufactures parade ceremony uniforms in the United States, including the opening and closing ceremony looks for the 2026 Milano Cortina Winter Olympic Games, work that has supported multiple American factories.

When asked about the potential for expanding U.S. production further, the company said, “We continue to explore and build additional opportunities to manufacture our products in the U.S. We value the wide range of production solutions that U.S. manufacturers can offer, from heritage craftsmanship to high-tech manufacturing like 3D printing. However, increasing domestic manufacturing is a complex process that requires ongoing collaboration across our sector, from how we collectively source raw materials to increasing existing domestic factory capacity to talent availability.”

The company added, “Working with factories across the country, we produce hundreds of thousands of products across all of our brands in the U.S.”

Deloitte’s analysis suggests that this kind of selective, high-value domestic production is likely to define the sector’s future. While tariffs and trade policy have renewed political interest in reshoring, the firm notes that manufacturing growth now hinges more on skilled labor, automation, and productivity than on sheer employment. As of September 2025, U.S. manufacturing payrolls totaled 12.7 million workers, down from 17.2 million in 2000, even as productivity has risen sharply.

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AHF Products to highlight U.S. Manufacturing at TISE 2026

Las Vegas—AHF Products will return to TISE 2026 with a redesigned booth that highlights its U.S. manufacturing platform, flooring brands and product innovation aimed at supporting retailers and distributors.

The exhibit will feature brand-specific zones for Bruce, Hartco, Robbins, Crossville and Armstrong Flooring, with each space tailored to its core audience and product focus.

Bruce will spotlight hands-on demonstrations and interactive displays for installers and younger professionals. Hartco will feature a gallery-style presentation aimed at distributors. Robbins will emphasize craftsmanship and lifestyle storytelling through retail displays. Crossville will present an upscale, bar-inspired setting with premium finishes. Armstrong Flooring will offer a store-within-a-store concept designed to encourage engagement and social sharing.

The booth layout will guide visitors through hardwood, tile, resilient sheet, LVT and rigid core categories. AHF Products said the space supports hands-on exploration and discussion through real product installations, a central bar and meeting area and a private conference room.

“Surfaces gives us the opportunity to connect directly with our customers and show how we are investing in the future of flooring,” said Brent Emore, CEO of AHF Products. “From domestic manufacturing and faster lead times to innovation across multiple categories, our focus remains on supporting growth for our retail and distribution partners.”

U.S. manufacturing focus

AHF Products will emphasize its U.S. manufacturing footprint, which includes two wood plants, four resilient facilities, two porcelain plants and two sawmills across the United States. The company also operates a wholly owned engineered wood plant in Cambodia.

A key highlight is AHF’s rigid core manufacturing facility in Cartersville, Ga., which brings SPC production under company control.

“Our Cartersville facility allows us to deliver rigid core flooring in as little as 40 to 45 days,” said Jennifer Zimmerman, chief commercial officer. “That speed reduces inventory risk while helping customers avoid port delays, tariffs and freight volatility. We will display 60 new SKUs from this plant at Surfaces.”

The facility can produce more than 200 million square feet of HDPC capacity annually. It will support Armstrong Flooring–branded and private-label programs.

The rigid core products feature AHF’s HDPC technology, offering waterproof performance, enhanced dent and impact resistance, dimensional stability, embossed-in-register visuals and flexible installation options.

Product highlights

AHF Products will also showcase select wood and tile introductions aligned with current design and installation trends.

Bruce Natural Choice 5/16-inch solid hardwood offers a low-profile, glue-down option designed for remodels and concrete subfloors. The product is made in the USA.

“Natural Choice makes solid hardwood more accessible,” said Milton Goodwin, vice president of product management, wood. “It delivers authentic visuals with a faster and more flexible installation method.”

Robbins Coastside engineered hardwood will feature wide-plank European white oak visuals inspired by the California coast. The product offers installation flexibility and refinishable performance.

Crossville will highlight U.S.-made porcelain tile collections, including Cleve, a quartzite-inspired tile designed for residential and commercial use. The collection features layered veining, high variation and Crossville’s FeatherSoft finish.

Portland Cliff porcelain tile will also be featured. Inspired by historic Portland stone, the product offers Visual Touch Technology, neutral color options and carbon-neutral production with recycled content.

AHF Products said its Surfaces presence reinforces its commitment to domestic production, private-label capabilities and long-term partnership support.

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US sets Additive Manufacturing security and sourcing rules for DoD

The National Defense Authorization Act establishes statutory requirements around security, software control, data sovereignty, qualification and scale in relation to the use of Additive Manufacturing by the US Department of Defense (Courtesy US House of Representatives)

On December 18, 2025, the National Defense Authorization Act (NDAA) was signed into law in the United States. The act establishes clear statutory requirements around security, software control, data sovereignty, qualification and scale in relation to the use of Additive Manufacturing by the US Department of Defense (DoD).

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Foremost, the NDAA prohibits the operation or procurement of Additive Manufacturing machines that are manufactured in, networked through, or integrated with software originating from China, Russia, Iran or North Korea without a national-interest waiver.

In order to further accelerate the adoption of Additive Manufacturing across the DoD, the NDAA aims to:

• Direct qualification and approval of up to one million additively manufactured parts
• Shift toward performance-based qualification and shared validation data across military branches
• Establish dual-use advanced manufacturing hubs with secure infrastructure and digital data repositories
• Prioritising on-demand additively manufactured parts to improve readiness and reduce sustainment delays, including for Navy surface ship maintenance

The complete bill is available here; the sections relevant to Additive Manufacturing are 220 (A and B), 322 and 880.

congress.gov

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US factory sector contracts for 10th straight month in December

By Dan Burns and Lucia Mutikani

WASHINGTON, Jan 5 (Reuters) – U.S. manufacturing activity slumped to a 14-month low in December, with new orders contracting further and input costs grinding higher as the sector continued to bear the imprint of President Donald Trump’s import tariffs.

The Institute for Supply Management survey on Monday suggested a recovery was unlikely in the near-term, but ​economists were hopeful of a turnaround this year as Trump’s tax cuts took effect.

Comments from survey respondents continued to single out tariffs as a problem, with some manufacturers of chemical products saying ‌they hoped “for some return to free trade, which is what consumers have ‘voted for’ with their spending.”

Trump has said the tariffs are bringing in hundreds of billions of dollars in new revenue to the U.S. Treasury and that they are improving U.S. economic security.

But ‌beyond the sectors lifted by an Artificial Intelligence investment boom, Trump’s sweeping import duties have undercut manufacturing, even as he touts them as necessary to shore up a long-declining domestic factory base.

Economists have argued it is impossible to restore the industry to its former glory because of structural issues, including worker shortages.

“While a less fluid trade environment and somewhat more favorable business tax environment are positives for activity, we remain cautious on the extent of recovery in traditional cap-ex categories this year,” said Shannon Grein, an economist at Wells Fargo.

The ISM said its manufacturing PMI dropped to 47.9 in the final month of 2025, the lowest level since October 2024, from 48.2 in November. ⁠A reading below 50 indicates contraction in manufacturing, which accounts for 10.1% of ‌the economy.

It was the 10th straight month that the PMI remained below the 50 threshold. Economists polled by Reuters had forecast the PMI would be little changed at 48.4. The PMI remained above 42.3, a level that ISM said over time was consistent with an expansion of the overall economy.

Last month’s drop reflected pullbacks in ‍the production and inventories sub-indexes after they improved in November.

“Their contraction this month continues the short-term ‘bubble’ of improvement indicative in the last several months of PMI data, and a hallmark of recent economic uncertainty in manufacturing,” said ISM Manufacturing Business Survey Committee chair Susan Spence.

Last month, 85% of the manufacturing economy’s gross domestic product contracted, a surge from 58% in November, and the percentage of manufacturing GDP in strong contraction increased to 43% from 39% in November, Spence said.

Story Continues

COMMENTS FROM RESPONDENTS ​ARE DOWNBEAT

Electrical equipment, appliances and components as well as computer and electronic products were the only two industries reporting growth. The remaining 15 industries, including chemical products, miscellaneous manufacturing, machinery and transportation equipment, reported a ‌contraction.

Some makers of fabricated metal products reported that “order levels have continued to decline.” They noted that December was “dismal,” adding “January and February don’t look too good, as bookings are down 25 percent compared to the first two months of 2025.”

Computer and electronic products manufacturers said “margins have deteriorated, as full pass- through of cost increases is not possible.” Transportation equipment makers said that while many customers were ordering for 2026, “those orders are 20 percent to 30 percent below their historical buying patterns,” adding “the general mood of the industry is that the first half of 2026 will be another bust.”

Some electrical equipment, appliances and components manufacturers said “things look a bit bleak overall.” Some makers of miscellaneous products reported that “2025 revenue was down 17 percent due to tariffs.”

The U.S. Supreme Court is set to rule on the legality of the premise Trump has employed for his tariffs sometime ⁠in early 2026. Yale Budget Lab estimated that Trump’s protectionist trade policy raised the average tariff on imported goods to ​nearly 17% from less than 3% last January.

The ISM survey’s forward-looking new orders sub-index was little changed at 47.7 in December ​from November’s 47.4, marking a fourth straight month of falling demand. This measure has contracted in 10 of the last 11 months with demand curbed by the rise in some goods prices because of the tariffs.

Its measure of manufacturing inventories dropped 3.7 percentage points to 45.2 last month. The production index eased to 51 from 51.4 in November.

Factory ‍input costs, which have contributed to the persistence of ⁠inflation that continues to run above the Federal Reserve’s 2% target, remain elevated. ISM’s prices paid index was unchanged at 58.5, higher than forecasts for 57.0.

Amid the soft demand environment, factory employment declined for an 11th straight month, the sector’s longest hiring slump by ISM’s measure in about five years.

The ISM noted that for every comment on hiring, there were three on reducing head counts, ⁠adding that companies continued to focus on accelerating staff reductions due to uncertain near- to mid-term demand.

“A number of tariff deals have been struck and many exemptions have been granted over the past two months, and I would expect more of that in ‌the new year,” said Stephen Stanley, chief U.S. economist at Santander U.S. Capital Markets.

“It remains to be seen whether that will be enough to pull the factory sector out of ‌its current malaise,” he added.

(Reporting By Dan Burns and Lucia Mutikani; Editing by Chizu Nomiyama and Alexander Smith)

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US manufacturing activity drops to lowest point of 2025: PMI

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U.S. manufacturing activity decreased to its lowest point of 2025 last month, affected by continued tariff uncertainty and weak demand, according to the Institute for Supply Management’s latest Purchasing Managers’ Index.

ISM’s index registered 47.9% in December, down 0.3 percentage points compared with November. A PMI index below 50% shows an industry in contraction.

Despite improvements in three of the four main demand areas — including new orders, backlog of orders and new export orders — the indexes continued to be in contraction as they have been for months. Meanwhile, production slipped 0.4 percentage points, but was in expansion for the second month in a row.

Susan Spence, chair of ISM’s Manufacturing Business Survey Committee, said on a call with reporters Monday that the demand improvements are good, but the question remains if this could be the start of a turnaround or “just another blip.” She also noted that production expansion is likely in a “bubble” following four months of new orders in contraction.

“When new orders start turning around and expand for more than a month at a time — one, two, three, four, five months — then you’re going to see it flow to production and backlog, and then everything should follow,” Spence said.

Last month, new orders expanded in two of the 18 manufacturing sectors that ISM tracks, and only one of them was in computer and electronic products, which has seen major growth last year driven by data center buildouts to accommodate artificial intelligence demand.

Surveyed panelists cited tariffs as the biggest issue for them last month. Executive participants reported softer international orders as uncertainty around U.S. economic policy continues, Spence said, citing a ratio of 1.5 negative comments for every positive one regarding export orders.

Separately, employment contracted at a slower rate, with a majority of panelists saying that their companies are managing head counts instead of hiring. Additionally, supplier deliveries are slower compared to November and customer inventories are in the “too low” category, which can be a positive indicator for future production.

A mix of staff reductions, a lack of backfilling and continued price increases signals “that we’re still in a struggling economy,” Spence said. Compared to the overall economy, which has grown steadily every month since April 2020, the manufacturing sector has contracted for most of 2025.

Of the big six sectors that PMI follows, Spence said the computer and electronics products category expanded for half of the year, while other areas like transportation equipment and chemical products contracted most months. Meanwhile, petroleum and coal products expanded for the first nine months of the year and declined in the last three, she added.

“We’ll see what happens with the latest news out of Venezuela,” said Spence, who oversaw sourcing and procurement at FedEx for 10 years. President Donald Trump’s military operation in the South American country could shock U.S. and global oil prices.

Currently, companies like Chevron and ConocoPhillips are monitoring the situation and say it’s too early to speculate on future business activities or investments, News Nation reported. Chevron has infrastructure and workforces in Venezuela, while ConocoPhillips does not.

“It depends on what the plan is and if the country can come roaring back from an … infrastructure issue,” Spence said.

S&P’s December manufacturing PMI report provided a similar picture for the month as new orders fell for the first time over the past year and international sales continued to decline, due in part to tariffs. On the brighter side, the credit rating agency saw employment growth for most of the year and job creation was its most pronounced since August.

Although manufacturers ramped up production in December, prospects for the start of 2026 are “looking less rosy,” Chris Williamson, chief business economist at S&P Global Market Intelligence, said in a statement.

“Factories are continuing to produce goods despite suffering a drop in orders,” he said, adding that the gap between production and orders is the widest it has been since the height of the 2008 global financial crisis.

“Unless demand improves, current factory production levels are clearly unsustainable,” Williamson said.

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America is having a manufacturing renaissance

OPINION:

President Trump and his administration are adjusting to changes in the global economic and strategic landscape, positioning America to remain the global military and economic leader in the face of unprecedented challenges.

The president began this work a year ago with the signing of the America First Trade Policy executive order. In December, the White House expanded its strategic view by issuing its National Security Strategy. Both are strong statements outlining a bold new direction affecting a wide range of policy disciplines and spending.

American manufacturing is a central pillar in the overarching strategy. Over the past year and in the years to come, manufacturing policies will be evaluated based on their ability to advance national economic power and support national defense. Over the past 12 months, we have made significant progress. As a result, America will experience a manufacturing renaissance in 2026.

In November, the Dallas Federal Reserve published its Texas Manufacturing Outlook Survey, showing that manufacturing activity has been positive for the past three quarters and surged more than 20 points from 2024, which is a reliable indicator of national trends. Also, the U.S. Bureau of Economic Analysis announced that the economy grew at an annualized rate of 4.3% in the third quarter of 2025, an enormous achievement.

The America First Trade Policy’s stated purpose was to promote investment and productivity, enhance industrial and technological advantages and defend our economic and national security. The following five areas play an outsize role in driving results: tariffs, fair and balanced trade, enforcement, industrial policy and macroeconomic policy.

Tariff implementation corrected years of trading partners’ unfair practices, which had driven many good U.S. companies out of business or forced them to move operations overseas. Tariffs are incentivizing the reshoring of manufacturing and increasing domestic investment. Tariffs will also spur foreign direct investment by incentivizing international companies to set up new facilities or expand existing ones in the U.S.

Fair and balanced trade through new agreements is leveraging strategic investments, fostering high-tech manufacturing opportunities and thwarting mercantilist policies of competing countries that have absorbed critical elements of American manufacturing. Our challenge will be to retain the valuable free market allocation of capital while protecting strategic elements of our manufacturing sector.

The recent trade deals with Britain and the European Union replace existing trade barriers with market-opening agreements, allowing U.S. goods to compete. Additionally, these agreements leverage greater foreign direct investment, with recent deals securing $550 billion and $350 billion, respectively, from Japan and South Korea. In 2025 alone, the administration was able to garner more than $20 trillion in investment, leveraging America’s global spending to spur industrial revitalization.

Enforcement through investigations is being conducted to ensure foreign companies do not have an unfair advantage in the U.S. marketplace. The Commerce Department’s Section 232 and the U.S. Trade Representative’s Section 301 investigations now support a fair marketplace. These investigations determine whether importing certain goods within specific sectors poses a threat to national security and then recommend remedies and measures to prevent recurrence, ensuring that both economic and national security are protected.

Using these tools gives the president options for addressing predatory actions by non-free-market economies.

Industrial policy by executive order has given clear guidance to the government and the private sector. Recent executive orders, such as investments in artificial intelligence infrastructure, energy dominance and maritime shipbuilding dominance, are core to the president’s plan. They expand industrial capacity, unlock financial incentives and streamline permitting. Collectively, these executive orders reinforce our industrial and technological advantages, which will be key to the revitalization and growth of large and complex industries.

Macroeconomic policy, such as business-friendly tax policy and lowering interest rates, is encouraging companies to allocate capital into manufacturing and machinery investments. Tax policy improvements within the One Big Beautiful Bill Act will provide tax certainty for small manufacturers by extending the 20% pass-through deduction, preserving individual tax rates, and protecting small, family-owned manufacturers from estate taxes.

The One Big Beautiful Bill Act also supports investment and innovation by restoring immediate research and development expensing, preserving the 21% corporate tax rate, and creating a deduction that allows companies to immediately expense the cost of new factories and the costs of improvements to existing facilities.

Under Mr. Trump, manufacturing output and productivity are increasing, negative trade balances are being reduced, and economic and national security are being strengthened. Guided by the America First Trade Policy and National Security Strategy, the U.S. is entering a golden era of policy certainty, manufacturing incentives, the revitalization of key industries, and a resurgence in dormant industries.

Ultimately, the America First Trade Policy and National Security Strategy are enabling America’s global competitiveness by recharging existing industries and igniting a manufacturing renaissance.

• Alex Krutz is the managing director for Patriot Industrial Partners, an industrial consulting firm. Until December, he served as the deputy assistant secretary for manufacturing at the Commerce Department, where he advanced policies in support of U.S. manufacturing.

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USD/JPY dips on weak US manufacturing data, stronger Japanese yields

USD/JPY trades lower around 156.30 on Monday at the time of writing, down 0.40% on the day, after giving back part of its earlier gains. The pair reflects a reversal in sentiment toward the US Dollar (USD), which had been supported earlier by safe-haven flows amid heightened geopolitical tensions in Latin America.

On the US side, the US Dollar (USD) initially drew support from market nervousness following the announcement of the capture of Venezuelan President Nicolas Maduro by the United States (US), an event that has revived geopolitical concerns and boosted demand for safe-haven assets. However, this support proved short-lived. The release of the Institute for Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) shows a decline to 47.9 in December, from 48.2 in November and below market expectations. This third consecutive drop confirms a deeper contraction in US manufacturing activity, driven by declines in production and inventories, even as price pressures remain elevated.

These figures reinforce the idea of a gradual slowdown in the US economy and add nuance to growth prospects. Markets therefore continue to price in two additional interest rate cuts by the Federal Reserve (Fed) in 2026. Investors also remain attentive to the possibility that US President Donald Trump could nominate a new Fed Chair when Jerome Powell’s term ends in May, a scenario seen as potentially favoring a more accommodative monetary policy stance. Minutes from the latest Federal Open Market Committee (FOMC) meeting further show that several officials consider it appropriate to pause further rate cuts as long as inflation continues to ease gradually.

Recent comments from Minneapolis Fed President Neel Kashkari, who said inflation remains too high but described the labor market as being in a low-hiring, low-firing environment, were not enough to stem selling pressure on the US Dollar.

Against this backdrop, the weaker US Dollar supports the Japanese Yen (JPY). The Japanese currency fully benefits from the risk-off environment, while also drawing support from rising domestic yields. Japanese government Bond yields have climbed to their highest levels since 1999, strengthening the appeal of the Japanese Yen (JPY). The narrowing yield differential between the United States and Japan also favors the Japanese currency.

In the near term, USD/JPY remains sensitive to shifts in overall market sentiment, upcoming US macroeconomic data and the trajectory of Bond yields, in an environment dominated by geopolitical uncertainty and monetary policy expectations.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.

USDEURGBPJPYCADAUDNZDCHFUSD0.04%-0.57%-0.36%0.22%-0.28%-0.33%0.04%EUR-0.04%-0.61%-0.35%0.18%-0.32%-0.36%0.00%GBP0.57%0.61%0.23%0.80%0.29%0.25%0.62%JPY0.36%0.35%-0.23%0.57%0.06%0.02%0.39%CAD-0.22%-0.18%-0.80%-0.57%-0.51%-0.55%-0.18%AUD0.28%0.32%-0.29%-0.06%0.51%-0.05%0.33%NZD0.33%0.36%-0.25%-0.02%0.55%0.05%0.37%CHF-0.04%-0.01%-0.62%-0.39%0.18%-0.33%-0.37%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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Digital Twin Technology in Manufacturing Market is expected

Digital Twin Technology in Manufacturing Market

Market Size and Growth:

The Global Digital Twin Technology in Manufacturing Market size reached US$ 16.45 billion in 2024 and is expected to reach US$ 713.61 billion by 2032, growing with a CAGR of 60.20% during the forecast period 2025-2032.

The Digital Twin Technology in Manufacturing Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID): https://datamintelligence.com/download-sample/digital-twin-technology-in-manufacturing-market?sz

The Digital Twin Technology in Manufacturing Market refers to the use of virtual replicas of physical manufacturing assets, processes, and systems to simulate, monitor, and optimize real-time operations. It enables predictive maintenance, performance optimization, process efficiency, and data-driven decision-making by integrating IoT, AI, analytics, and advanced simulation across the manufacturing lifecycle.

Recent Key Developments of United States:

✅ December 2025: Siemens digital twin technology featured in the Washington Post for reimagining U.S. manufacturing by enabling virtual factory layouts, optimizing equipment placement, and shortening production timelines through real-time simulations.

✅ November 2025: North America digital twin market projected to grow significantly, driven by U.S. investments in AI, IoT, and manufacturing efficiency under Industry 4.0 initiatives.

✅ October 2025: NVIDIA expanded Omniverse Blueprint with U.S. manufacturing leaders, including Siemens, to build factory-scale digital twins for advanced robotics and production planning.

Recent Key Developments of Europe:

✅ December 2025: DestinE project advanced European digital twin capabilities on EuroHPC supercomputers, achieving high-resolution simulations for industrial applications including manufacturing processes.

✅ November 2025: Deutsche Telekom and NVIDIA launched one of Europe’s largest AI factories in Munich, featuring NVIDIA Omniverse for 3D digital twins in factory planning, simulation, and manufacturing optimization.

✅ November 2025: Siemens showcased AI-era manufacturing digital twins at NVIDIA GTC, demonstrating rapid design and optimization tools applicable to European smart factories.

List of the Key Players in the Digital Twin Technology in Manufacturing Market:

Dassault Systèmes SE

TIBCO Software Inc.

Siemens AG

Microsoft Corporation

Autodesk Inc.

Hexagon AB

Oracle Corporation

Altair Engineering Inc.

IBM Corp.

aPriori Technologies, Inc.

Speak to Our Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/digital-twin-technology-in-manufacturing-market?sz

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Digital Twin Technology in Manufacturing Market:

By Type: Product Digital Twin, Process Digital Twin, System Digital Twin.

By Enterprise Size: Small & Medium Enterprises (SMEs), Large Enterprises.

By Application: Predictive Maintenance, Performance Monitoring, Product Design & Development, Business Optimization, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Digital Twin Technology in Manufacturing market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Digital Twin Technology in Manufacturing Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Digital Twin Technology in Manufacturing market’s leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Digital Twin Technology in Manufacturing Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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Samsung Biologics to establish first U.S. manufacturing base in Maryland

ROCKVILLE, MD—In a major win for Maryland’s life sciences sector, Governor Wes Moore announced this week that South Korea-based Samsung Biologics will open its first United States manufacturing facility in Rockville. The move follows a strategic international trade mission led by the Governor earlier this year to strengthen economic ties with East Asian tech leaders.

Samsung Biologics, the world’s largest contract drug manufacturer, has reached an agreement to acquire a manufacturing campus in Rockville from GSK for $280 million. The facility will serve as a cornerstone for the company’s expansion into the American market, providing a localized hub for the production of critical biologic medicines.

Strengthening the Global Supply Chain

The acquisition secures a site that currently houses two high-standard manufacturing plants with a combined capacity of 60,000 liters. Samsung Biologics plans to not only maintain the current production of existing medicines but also invest in significant technology upgrades and capacity expansions.

By establishing a footprint in Maryland, the company aims to create a more resilient supply chain for life-saving therapeutics, offering clinical and commercial production capabilities on U.S. soil.

Economic Impact and Job Retention

A primary component of the agreement is the preservation of Maryland’s specialized workforce. Samsung Biologics has committed to:

• Retaining more than 500 existing jobs at the Rockville site.
• Creating additional high-skilled positions as production capacity grows.
• Generating new opportunities for local Maryland suppliers.

Governor Moore noted that the deal is a testament to the state’s highly skilled workforce and its status as a premier global bio-cluster. The announcement builds on a record year for Maryland’s biopharmaceutical industry, which recently saw a $2 billion investment from AstraZeneca and the arrival of several other international firms.

Strategic Location in the I-270 Tech Corridor

Montgomery County officials emphasized that Rockville’s proximity to federal institutions like the FDA and the NIH makes it an ideal location for global companies navigating complex regulatory environments. County Executive Marc Elrich described the investment as a robust endorsement of the local ecosystem, which relies on a combination of talent, diversity, and public-private partnerships.

The transition is expected to be finalized following the formal close of the acquisition, with Samsung Biologics integrating the Rockville campus into its global network that already spans five major plants in South Korea.

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