The 'reshoring' trend is set to upend supply chains as firms look to source products closer to home, turning away from manufacturing powerhouses like China.
A number of banks noted mentions of the domestic manufacturing trend in U.S. earnings calls for the most recent quarter.
The brokerage Strategas Securities analyzed S&P 1500 earnings call transcripts for last year, seeing a "notable uptick" in mentions of "reshoring" and "nearshoring" — in which manufacturing operations are transferred to countries closer to home. "The model that we've used for the last 30 years is redundant at this point. It should be destroyed," he said at the conference.
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