Manufacturers Keep Spending But It’s Not About Reshoring
Schneider Electric is the latest company to announce a US investment push but these factory expansions primarily target growth needs, not supply-chain pitfalls.
Schneider Electric is expanding its electric-equipment manufacturing capacity to keep up with soaring demand, particularly from data-center customers.
Photographer: Marlene Awaad/Bloomberg
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Industrial companies are still spending, but they’re primarily doing so in spite of tariffs — not because of them.