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CFOs Go on the Defense, Rethinking Rare Earths: IndustryWeek's Weekly Reads

Oct. 6, 2023
Also, Clorox cyberattack update and what's next for Stratasys, Desktop Metal.

Cybersecurity continued to weigh heavily on the minds of the IndustryWeek manufacturing community this week, as Clorox provided a look at costs associated with a cyberattack first reported in August. Other items of interest in our latest IW Weekly Reads include a Lordstown Motors asset purchase and an opinion piece about manufacturing as the only path to economic prosperity. 

Without further ado, here is the IndustryWeek Top 10 list for the past seven days.

Updated: Clorox Cyberattack to Cost Up to $593 Million: The bleach manufacturer this week begins the cleanup process to fully repair damage from an attack first reported in mid-August that slowed production and caused product shortages.

UAW President Announces New Strike Targets: Stellantis spared in latest worker action.

Desktop Metal CEO: What's Next After the Deal to Merge with Stratasys Fails: Ric Fulop: "It was a distraction," "We probably are going be worth more than them in the future," "They're three times our revenue, but we're getting 40% of the company, which is what pissed off their investors."

Rare Earth Elements Are Increasingly Replaceable: Recent advancements in materials engineering are easing the path to more sustainable, economical alternatives.

Reviving Manufacturing Is the Only Way to Economic Growth: The transition to a service economy has failed.

Report: CFOs Turn Their Focus Inward, Enter ‘Defense Mode’: A U.S. Bank survey of more than 1,400 finance leaders reveals a rising concern about revenue growth.

Lordstown Motors Founder Inks $10M Asset Purchase Deal: Steve Burns left the fledgling electric truck maker under a cloud in 2021 but is teaming with his former CFO to buy back much of the equipment and IP for the Endurance.

Stratasys Bid to Buy Desktop Metal Fails, Company Seeking “Strategic Alternatives”: The 3D printer company’s management lost a high-profile proxy fight with investors who had been pushing for a takeover of Stratasys by its rivals.

Hyundai, Kia Recall 3 Million Cars in US Over Fire Risk: The problem comes from an issue with the vehicles' anti-lock brake systems (ABS), "which could leak brake fluid internally and cause an electrical short," the NHTSA said.

Manufacturing Business News: AGCO Acquisition, Required PFAS Reporting and Other Headlines: IndustryWeek parent company Endeavor Business Media publications report on software supply chain vulnerabilities, the Agricultural Right to Repair Act and more.

Editor's Choice

IW Best Plants Panel Discussion: Lessons Learned on the Journey to Excellence: Join us for this live discussion and hear directly from our 2023 IndustryWeek Best Plants Award winners about their operational excellence journeys.

2023 IndustryWeek Best Plants Award Winners: Simply Excellent: It takes the right mix of people, process and dogged determination to deliver plant performances that shine.

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