Companies got an abrupt lesson in how badly just in time supply chains can go when there’s so many potential failure points. A lot of them are finally learning that supply chains need to be shortened. Plus tensions have only continued to build with the China-Taiwan situation so there’s reason to question long term dependence on manufacturing from either area.
None of Biden’s policies would explain a quadrupling of manufacturing construction spending, and we would expect to see similar changes no matter who is in office.
Factory construction spending booms post pandemic
Companies got an abrupt lesson in how badly just in time supply chains can go when there’s so many potential failure points. A lot of them are finally learning that supply chains need to be shortened. Plus tensions have only continued to build with the China-Taiwan situation so there’s reason to question long term dependence on manufacturing from either area.
None of Biden’s policies would explain a quadrupling of manufacturing construction spending, and we would expect to see similar changes no matter who is in office.