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Opportunity for investors amid a reshoring boom

October 14, 2023
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
Wells Fargo global market strategist Scott Wren is surprised about how quickly the post-pandemic reshoring process is occurring and it’s a trend that may provide equity opportunities for investors. Mr. Wren, in a research report this week, noted the shock of many Americans when the pandemic uncovered that many important goods – pain relievers, diapers and toilet paper among them – were not produced domestically. The upheaval in the global supply chain motivated many U.S. companies to move at least a portion of manufacturing activity back home. The U.S. government was more than happy to stimulate the process with specific...
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