Yet MORE suffering. Americans forced to work long hours making
'stuff. The horror!"

"American Factories Are Making Stuff Again as CEOs Take Production Out
of China
The pandemic forced companies to rethink their supply chains
“This is just economics,” says one executive who made the move"

ByRyan Beene
July 5, 2022 at 4:00 AM PDT

There has been a sense in financial circles that the fever among
American executives to shorten supply lines and bring production back
home would prove short-lived. As soon as the pandemic started to fade,
so too would the fad, the thinking went.

And yet, two years in, not only is the trend still alive, it appears to
be rapidly accelerating.

Rattled by the most recent wave of strict Covid lockdowns in China, the long-time manufacturing hub of choice for multinationals, CEOs have been highlighting plans to relocate production -- using the buzzwords
onshoring, reshoring or nearshoring -- at a greater clip this year than
they even did in the first six months of the pandemic, according to a
review of earnings call and conference presentations transcribed by
Bloomberg. (Compared to pre-pandemic periods, these references are up
over 1,000%.)

Coming Home
Supply chain shifts get more attention during corporate presentations

More importantly, there are concrete signs that many of them are acting
on these plans.

The construction of new manufacturing facilities in the US has soared
116% over the past year, dwarfing the 10% gain on all building projects combined, according to Dodge Construction Network. There are massive
chip factories going up in Phoenix: Intel is building two just outside
the city; Taiwan Semiconductor Manufacturing is constructing one in it.
And aluminum and steel plants that are being erected all across the
south: in Bay Minette, Alabama (Novelis); in Osceola, Arkansas (US
Steel); and in Brandenburg, Kentucky (Nucor). Up near Buffalo, all this
new semiconductor and steel output is fueling orders for air compressors
that will be cranked out at an Ingersoll Rand plant that had been
shuttered for years."
[snip]

On and on, yadda, yadda, the economy is a shambles. We'll probably
all end up starving in Venezuela, where all the jive asses go. LOL

Shit, how bad can it be? There's another fresh batch of buzzwords
for bfh.

https://www.youtube.com/watch?v=i2ueL8LGimc

TB

"

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