BisNow: The Return Of American Manufacturing Is Supercharging Industrial Construction
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6 Jul 2022
News
The rate of construction spending on U.S. manufacturing facilities has reached its highest point this millennium, as corporations increasingly see the benefits of shifting their factories closer to home.
As supply chains continue to face pandemic-related bottlenecks and lockdowns in China, references to relocating production facilities — using keywords like "onshoring," "reshoring" and "nearshoring" — skyrocketed over 1,000% from pre-pandemic levels on earnings calls for publicly traded companies, Bloomberg reported Wednesday.
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