U.S. Manufacturing Sees Resurgence as Companies Bring Production Back Home

American companies are rapidly moving manufacturing back to the US, with mentions of reshoring jumping 216% since early 2022.

The pandemic exposed weaknesses in global supply chains and advances in automation have made local production more cost effective.

Construction firms like Sterling Infrastructure have seen huge stock gains as they build new domestic factories, warehouses and data centers.

Foreign companies like Hyundai and Rivian are also building major new US manufacturing facilities.

Government incentives have accelerated the trend, but it began under Trump due to the trade war with China and fraught relations between the countries.