‘The reshoring craze is real’ — These companies should benefit, experts say

A lot has been said about reshoring, as companies look to bring manufacturing back to their home countries, particularly the U.S. Yet the ramp up is just getting started, experts believe, so the potential for the trend to drive stock values is not yet fully tapped. Reshoring is essentially companies returning operations to their original country from overseas. Supply chain security, a strong U.S.

Reshoring announcements from chipmakers soared 500% in the third quarter from the second quarter, while auto was up 100% and tech hardware saw a 45% bump. To lure semiconductor manufacturing back to the U.S., President Joe Biden signed the Chips and Science Act into law in August. It includes more than $52 billion for U.S. companies producing computer chips and billions more in tax credits.

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‘The reshoring craze is real’ — These companies should benefit, experts sayThe ramp up in reshoring by companies, including those committing to building in the U.S., is just getting started, experts believe.
Source: CNBC - 🏆 12. / 72 Read more »