The reshoring trend is bringing manufacturing back into the U.S., putting the need for robots and automation at the forefront of the building boom. Pandemic-era supply chain constraints as well as rising offshore wages and transportation costs have contributed to the shift. Geopolitical risk factors also are at play. A recent research note from UBS found that corporate U.S.
. "So the viable [way] for manufacturers to address this is through automation. So there is the impetus here for that investment going forward." "Automation will be an important part of the opportunity set," he continued. "We believe that we will see a further adoption of automation as a result of cost pressures, and there are some interesting opportunities there.
mountain Azenta shares are down about 20% year to date. Another robotics company Daryanani picked was Azenta . The precision robotic company aids chipmakers, one of the industries many analysts expect will increasingly shift to automation in its production process. To be sure, three out of five analysts covering the stock give it a hold rating, according to Refinitiv data. Shares have tumbled 20.4% year to date and more than 32% over the last 12 months.
's Sakraida highlighted industrials with automation exposure as one of the sectors best-positioned for reshoring benefits. Construction spending in April was more than double its levels from 12 months ago, which he attributed to reshoring. When examining the upside potential of companies in this sector, Sakraida said he looks at acquisitions and automation equipment development.
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