CJ Lawrence in AAM Viewpoints — The U.S. Manufacturing Renaissance Is Taking Shape

The CJ Lawrence team was recently featured in Advisor Asset Management’s Viewpoints series, sharing how the United States has become an increasingly attractive destination for global manufacturers, fueling what many call America’s manufacturing renaissance. A few key takeaways:

• Factors such as easy market access, favorable demographics, and low-cost energy have made the U.S. attractive to global manufacturers.
• Despite multi-year supply chain challenges and potential trade tariffs, the U.S. manufacturing industry has shown remarkable resilience.
• Advances in automation, robotics and supply chain logistics have narrowed the cost advantages of manufacturing abroad.
• U.S. manufacturing construction spending surpassed $200 billion for the first time in July 2023, with significant growth in sectors such as computers, electronics, and electrical equipment.
• U.S. consumers are reaping the benefits of this manufacturing renaissance. They now enjoy better pricing, improved product quality, and enhanced access to finished goods, all thanks to thriving domestic manufacturing.

Listen to the full article here.