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this post was submitted on 23 Jul 2023
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Paywall. tldr?
Guessing… corporate incompetence and scaling problems and logistics and “muh supply chain” nonsense.
They bought into marketing hype from a machine supplier. Then didn't properly test the machines before bringing their process up to scale. The machines couldn't produce quality tools at the expected rate. They could have fixed the process by slowing it down, but that would have made the plant unprofitable. So they closed it.
Issues with the automation systems they tries implementing.
The archive link gets around the paywall. The tldr as I understood it is that they gave up bringing it back to America after only a few years of trying through COVID. They never planned past the next quarter.
No planning past the next shareholder meeting?? I'm shocked. /s