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Made In America: U.S. Reshoring Is This Decade’s Biggest Trend

Made in America: U.S. Reshoring Is This Decade’s Biggest Trend

Made in America: U.S. Reshoring Is This Decade’s Biggest Trend

AI may be the biggest tech trend of 2023, but U.S. reshoring is the biggest market trend of this entire decade. Reshoring is, you guessed it, the opposite of “offshoring.” Meaning, we’ve been bringing manufacturing facilities back to America. Made in America is back! This is especially true for microchips and automakers , after the chip shortage last year. (Yep, the hummus at Whole Foods isn’t the only thing being “locally sourced” around here.) Supply chains have seen a shift all over the world … ever since the COVID pandemic. Now, thanks to three huge government spending programs (and $1 trillion), reshoring efforts have sparked a new mega trend in an unlikely industry set to soar in 2024… Video Player is loading. Play Video PlaySkip Backward Mute Current Time / Duration Loaded: 0% Stream Type LIVE Seek to live, currently behind liveLIVE Remaining Time – 1x Playback Rate Chapters Chapters Descriptions descriptions off, selected Subtitles subtitles settings, opens subtitles settings dialog subtitles off, selected Audio Track Quality Levels Picture-in-PictureFullscreen This is a modal window. This video is either unavailable or not supported in this browser Error Code: MEDIA_ERR_SRC_NOT_SUPPORTED Technical details : No compatible source was found for this media. Session ID: 2023-10-17:396af225deb258ccd3373669 Player Element ID: vjs_video_3 OK Close Modal Dialog Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteWhiteWhiteBlackBlackRedRedGreenGreenBlueBlueYellowYellowMagentaMagentaCyanCyanOpacityOpaqueOpaqueOpaqueSemi-TransparentSemi-TransparentText BackgroundColorBlackBlackBlackWhiteWhiteRedRedGreenGreenBlueBlueYellowYellowMagentaMagentaCyanCyanOpacityOpaqueOpaqueOpaqueSemi-TransparentSemi-TransparentTransparentTransparentCaption Area BackgroundColorBlackBlackBlackWhiteWhiteRedRedGreenGreenBlueBlueYellowYellowMagentaMagentaCyanCyanOpacityTransparentTransparentTransparentSemi-TransparentSemi-TransparentOpaqueOpaque Font Size100%50%50%75%75%100%100%125%125%150%150%175%175%200%200%300%300%400%400%Text Edge StyleNoneNoneNoneRaisedRaisedDepressedDepressedUniformUniformDropshadowDropshadowFont FamilyProportional Sans-SerifProportional Sans-SerifProportional Sans-SerifMonospace Sans-SerifMonospace Sans-SerifProportional SerifProportional SerifMonospace SerifMonospace SerifCasualCasualScriptScriptSmall CapsSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Close Modal Dialog This is a modal window. This modal can be closed by pressing the Escape key or activating the close button. (Or read the transcript here.) � Hot Topics in Today’s Video: Market News: What the September CPI data says about bonds and equities, and how Big Tech and AI factor in. [0:50] Mega Trend: The U.S. has spent $1 trillion to help reshoring efforts spark a major U.S. construction trend for 2024. Here’s how this equipment rental company stands to profit. [4:10] Crypto Corner: Bitcoin dominance in the crypto market is starting to fade. This is the time to invest in this space. Here’s why. [8:45] Until next time,

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Daisie Hobson

Daisie Hobson is a Director at the Reshoring Institute and an engineer with many years of experience in manufacturing and project management.

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