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North America’s manufacturing landscape is undergoing a profound transformation—not just in conversation, but in significant capital investments reshaping the industry’s future. Since 2020, over $400 billion in manufacturing and logistics investments have been announced across the region, supporting more than 210,000 jobs and adding nearly 250 million square feet of industrial space. This surge reflects a powerful momentum behind reshoring and nearshoring that’s revitalizing the supply chain and expanding local production capabilities.
In 2024 alone, reshoring and foreign direct investment (FDI) efforts led to announcements of 244,000 new U.S. manufacturing jobs, predominantly in high-tech sectors. This builds on a remarkable total of 1.7 million manufacturing jobs announced since 2010. The beginning of 2025 promises an additional 174,000 jobs, driven by ongoing industrial policies and private-sector commitments.
A key driver of this growth is the CHIPS & Science Act, a landmark policy fueling between $160 and $200 billion in semiconductor-related projects and generating 25,000 to 45,000 new jobs through March 2024. Private sector leaders are investing heavily as well—Micron’s U.S. expansion now totals $200 billion, with $150 billion dedicated to production capacity, while General Motors committed $4 billion to increase U.S. assembly capacity in early 2025.
Mexico is also a key beneficiary of this nearshoring trend. For instance, Fibra MTY plans a $400 million investment in industrial real estate to support growing manufacturing needs.
What this means for the industry:
This isn’t just headline news—these are transformative dollars reshaping factories, enhancing automation capabilities, evolving workforce requirements, and expanding supplier ecosystems across North America. Precision machining, automation, and tooling services are experiencing accelerated demand, creating opportunities for shops, integrators, and OEMs to thrive.
Looking ahead:
Investment is flowing and tangible. North America is actively reshaping global manufacturing networks, with more initiatives expected as policy frameworks solidify and automation adoption widens. The return of large-scale manufacturing is quickly becoming a defining era for the region’s industrial future.
We are energized by this capital wave powering the reshoring and nearshoring renaissance—and ready to help our community seize these exciting opportunities for growth and innovation.
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