Interesting https://www.wsj.com/business/retail/profit-from-americas-manufacturing-renaissance-with-rockwell-automation-d4516835?
The current pace of factory investment in the U.S. is nothing short of remarkable. According to U.S. Census Bureau data, total annualized manufacturing construction spending in the U.S. came to nearly $196 billion in June, which was the highest reading in at least two decades, up 80% from a year earlier and up 148% from two years prior.
“We’re seeing indications of really the early innings of what we think is a multiyear investment cycle for certain types of manufacturing,” said Rockwell Chief Executive Blake Moret in an interview.
Several forces are at work. Pandemic disruptions and rising geopolitical tensions with China have put new focus on supply-chain resilience and security, driving some reshoring of industry. New subsidies in the Chips Act and the Inflation Reduction Act are turbocharging investment in the domestic production of semiconductors, EV batteries, solar panels and so on. At the same time, a tight labor market encourages investment in automation across all categories of manufacturing.