2024-07-25 10:11:27 ET
Summary
- Reshoring trend sees manufacturing returning to the US, creating jobs and reducing reliance on overseas operations.
- Tema American Reshoring ETF (RSHO) captures growth opportunity in companies benefiting from the reshoring trend.
- Manufacturing Supercycle driven by government spending and private industry investment, along with reshoring initiatives are expected to continue for years.
If the term, reshoring, is unfamiliar to you perhaps you have heard of “offshoring” where many US manufacturers shipped jobs overseas starting in the 1970s to take advantage of low-cost labor and cheap raw materials in countries like China and Mexico. Ever since the 2020 pandemic disrupted things, later exacerbated by the Russian invasion of Ukraine in early 2022, the impacts to the global supply chain caused many companies to re-think their own supply chain requirements. This Digital Science article from December 2023 explains how reshoring is taking over now that offshoring is no longer in vogue....
Read the full article on Seeking Alpha
For further details see:
Tema American Reshoring ETF: Benefiting From The Return Of US Manufacturing