Please ensure Javascript is enabled for purposes of website accessibility US onshore manufacturing on the rise - UK - BNY Mellon

The United States is potentially about to see a resurgence of industrial production over the next decade. Anyone taking a road trip along the Eastern Seaboard would have noticed miles of factory construction sites along the North Carolina to West Virginia corridor.

Multinational corporates are responding to political uncertainty in China, where expanding production has become less workable. The US has emerged as a compelling alternative, partly due to fiscal incentives relating to the administration’s Inflation Reduction Act and Chips and Science Act. Further, the relative stability of energy prices compared to Europe, which had large exposure to Russian supplies, is more appealing to heavy industrials. The West Virginia corridor appears to offer the best combination of resource, weather exposure, educated workforce and labour cost.

Alex Veroude, chief investment officer, Insight Investment, Fixed Income

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Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Managers Limited (BNYMFM), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds. 

1403800 Exp: 04 May 2024

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