An American Homecoming — The C19 pandemic led to many realizations in our daily lives.
Sometimes, takeout is indeed better than being surrounded by people whom you don’t know nor about whom you give a f*ck.
Commuting sucks. Whether it’s 2 minutes or 2 hours, taking a zoom call in your boxers from your bedside table is way better than going in person to sit in a room where side conversations and scrolling through TikTok videos are discouraged.
An outsized reliance on globalization to keep the wheels of our economy turning is perhaps not the best way to guarantee supply-side stability.
Bringing jobs back to the CONUS is all the rage lately, and not just the jobs but also the processes that generate intermediate goods too.
American companies are on pace to bring more than 350k jobs back to America this year, a number that is probably even a little light because of labor supply challenges here in the States.
This number is the highest reshore rate in the history of this metric, a datapoint that has been tracked by nerds for more than a decade.
Strategists in PE and Economists in both the public and private sectors predict that this trend will not be fleeting. In other words, this move towards a more America-first economy is going to last a good long while.
Some experts argue that globalization is beginning a retrenchment, while others think that this is just the case for companies doing business with the bad boys of the global world order.
Supply chains worldwide have been dealt one tough hand after another for the last couple of years; from C19 to the Russian invasion of Ukraine, this type of volatility is somewhat avoidable if businesses institute additional control over their own processes.
This type of control could potentially alleviate future supply-side disruptions, which honestly have come at a cost greater than the savings of bargain basement overseas labor costs for some industries.
If you’re looking to take part in this push, don’t be so sure that your participation will actually be required. Just like a tortilla flipper at Chipotle, companies are looking to replace jobs with capex in the form of technology.
From an investment perspective, the future of robotics and system engineering solutions for automating the workplace looks bright. The next decade will be pivotal for working out some of today’s kinks, generating a slew of opportunities for new entrepreneurs, ideas, and businesses alike.
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