America's manufacturing industry, after waning for decades, is adjusting to a world that has ditched globalization for reshoring – bringing production back home. That has set the stage for an infrastructure building boom, much of it backed by the U.S. government.
"The U.S. is in the early innings of reindustrialization, a multi-decade investment opportunity that will restore growth to the U.S. industrial economy following 20-plus years of stagnation," Morgan Stanley research analyst Chris Snyder wrote in a recent report.
