Supply chain issues create multi-billion dollar opportunities for small towns

The semiconductor chip shortage is expected to last well into next year. It is a problem that has an effect on the delivery of electronic products like smartphones and laptops.

Supply chain issues mean items coming in from overseas are seriously delayed, but some companies decide to change their course and manufacture their products in America.

“We are the epitome of the downtown United States; that’s what it looks like here, ”said Cort Geis of his hometown of Taylor, Texas.

In every city’s history, there is a moment that shapes what it becomes. Generations from now people can regard what is happening on the earth just outside of Taylor as then.

“This will be the most significant development for our local economy since the railroad was built here in the 1870s,” Taylor Mayor Brandt Rydell said.

Next year, Samsung will innovate on a facility that will manufacture semiconductor chips.

Samsung says it will create 2,000 jobs and be its largest investment in the United States at $ 17 billion.

“By the time I got the call, I was surely thinking they meant 200 jobs and $ 17 million. It would be more of what I’m used to seeing as Mayor of the Town of Taylor, ”said Mayor Rydell.

The facility is expected to change the direction of Taylor, but also of this country, far from relying on those overseas to produce almost all of the microchips that have been so rare.

“With greater manufacturing capacity, we will be able to better meet the needs of our customers and contribute to the stability of the global semiconductor supply chain,” said Kinam Kim, vice president and CEO of the Samsung Electronics Device Solutions division, in a press release about the project. .

“It’s pretty exciting. Taylor isn’t really a place on the map for most people, ”said Liz Avants, whose husband owns. Wax, a record store and a skate shop in Taylor.

Taylor is no stranger to attention; it has been used in movies like Transformers and Texas Chainsaw Massacre.

But people know what’s to come is different, for better or for worse.

“It’s, yeah, beyond what we’ve seen before when it comes to change,” said Gayle Kahler, who had lived at Taylor since the 1980s. “I think businesses are really excited about it. topic. A lot of people who interact a bit more with what’s going on at Taylor and others are worried that it will generate more traffic. More difficult to do things and to move around so we’ll see.

For businesses like the concert hall and the Geis bar, Black Sparrow Music Room, Samsung is a sign of hope.

“Smart growth, not many of you know marketed, I don’t mean names, but we want the mom and pop aspect to be a big part of what Taylor is, and I think we can do it. achieve, “says Geis.

It’s hard to sum up what Samsung’s move could mean for this city, but at Texas Beer Company, the new pressure brew sends a pretty strong message.

“The idea for a Samsung beer, which we now lovingly call the Sammie,” said JD Gins, co-founder of Texas Beer Company.

Many say that the move of a Korean tech giant to a small town in Texas shows how much the world has changed and how important it is for the supply chains we all rely on to change with it.

“As everyone in this country has kind of got used to the supply chain always benefiting America, and if we want, if we see the challenges unfolding right now, if we want to manufacture, we want good jobs, so we need them to be in this country, ”Gins said.

Samsung isn’t the only big company moving its business to the United States. In December, Toyota announced that it was building a $ 1.3 billion factory to manufacture lithium batteries near Greensboro, NC and will employ 1,750 people.

Comments are closed.