Even though it’s been more than three years, we’re still talking about the COVID-19 pandemic’s effects on the world’s economy, articularly when it comes to supply chains. Shortages, stopped production, and surging costs highlighted many of the issues with the interconnected and specialized model. To that end, many firms have begun looking at ways to limit their exposure and reduce shortages.
The answer is to make more stuff at home.
Onshoring is the new buzzword for many industrial stocks, with production returning to U.S. borders. With that, analysts are now calling for a major industrial supercycle in the U.S. For investors, it could provide a jumpstart to the normally sleepy sector, providing plenty of long-term gains and income potential.
