U.S. Manufacturing Expands at Fastest Pace Since July 2021 Amid War-Related Supply Concerns – News and Statistics


Jun 25, 2026

U.S. manufacturing expanded in June at its fastest pace since July 2021, according to S&P Global. The firm reported on Tuesday that war-related supply concerns drove new orders to a four-year high.

In contrast, the service sector experienced sluggish growth in output and new orders, with S&P Global attributing this to resistance against rising prices and low consumer confidence. Excluding the pandemic period, factory job cuts reached their highest level since 2009.

S&P Global Market Intelligence Chief Business Economist Chris Williamson commented that the further decline in employment in manufacturing was most worrying, driven by concerns over rising raw material costs and the durability of demand. He noted that factory growth continues to be temporarily supported by inventory building due to supply fears.

Overall U.S. business activity rose in June for the third consecutive month, S&P Global said, with its composite index increasing to 52.2—a five-month high—from 51.5 in May. However, the rate of growth remained below the level seen before the start of the war with Iran on February 28.

The June survey indicated an ongoing split in the economy, with sluggish service sector growth contrasting with a solid manufacturing expansion. Service providers frequently cited elevated prices, higher interest rates, and low confidence among business and consumer customers. The service sector fuels more than 75% of U.S. economic growth.

Amid signs of weakness, several economists have reduced their growth estimates for this year. The National Association for Business Economics (NABE) reported on Monday that a panel of its economists trimmed their median forecast for gross domestic product growth this year to 2% from 2.4% in March. The economists echoed the S&P Global survey findings, noting the harm to the outlook from persistent war.

KPMG Senior Economist Yelena Maleyev, chair of the NABE survey, stated that geopolitical conflict remains the top downside concern. She added that for the first time in over a year, an end to the wars in Ukraine and the Middle East outranked productivity gains as the leading upside risk.

According to Williamson, jagged progress toward resolution of the Iran war has lifted spirits among manufacturers and service providers. He said that brighter news out of the Middle East helped restore some confidence among U.S. businesses in June. Still, he indicated that current output levels are consistent with the economy struggling to grow much faster than a 1% annualized rate in the second quarter.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    2. CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    3. MARKET FORECAST TO 2035
  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    2. PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition
    PRO

    1. 11.1

      United States

      • Market Size
      • Production
      • Imports
      • Exports
    2. 11.2

      China

      • Market Size
      • Production
      • Imports
      • Exports
    3. 11.3

      Japan

      • Market Size
      • Production
      • Imports
      • Exports
    4. 11.4

      Germany

      • Market Size
      • Production
      • Imports
      • Exports
    5. 11.5

      United Kingdom

      • Market Size
      • Production
      • Imports
      • Exports
    6. 11.6

      France

      • Market Size
      • Production
      • Imports
      • Exports
    7. 11.7

      Brazil

      • Market Size
      • Production
      • Imports
      • Exports
    8. 11.8

      Italy

      • Market Size
      • Production
      • Imports
      • Exports
    9. 11.9

      Russian Federation

      • Market Size
      • Production
      • Imports
      • Exports
    10. 11.10

      India

      • Market Size
      • Production
      • Imports
      • Exports
    11. 11.11

      Canada

      • Market Size
      • Production
      • Imports
      • Exports
    12. 11.12

      Australia

      • Market Size
      • Production
      • Imports
      • Exports
    13. 11.13

      Republic of Korea

      • Market Size
      • Production
      • Imports
      • Exports
    14. 11.14

      Spain

      • Market Size
      • Production
      • Imports
      • Exports
    15. 11.15

      Mexico

      • Market Size
      • Production
      • Imports
      • Exports
    16. 11.16

      Indonesia

      • Market Size
      • Production
      • Imports
      • Exports
    17. 11.17

      Netherlands

      • Market Size
      • Production
      • Imports
      • Exports
    18. 11.18

      Turkey

      • Market Size
      • Production
      • Imports
      • Exports
    19. 11.19

      Saudi Arabia

      • Market Size
      • Production
      • Imports
      • Exports
    20. 11.20

      Switzerland

      • Market Size
      • Production
      • Imports
      • Exports
    21. 11.21

      Sweden

      • Market Size
      • Production
      • Imports
      • Exports
    22. 11.22

      Nigeria

      • Market Size
      • Production
      • Imports
      • Exports
    23. 11.23

      Poland

      • Market Size
      • Production
      • Imports
      • Exports
    24. 11.24

      Belgium

      • Market Size
      • Production
      • Imports
      • Exports
    25. 11.25

      Argentina

      • Market Size
      • Production
      • Imports
      • Exports
    26. 11.26

      Norway

      • Market Size
      • Production
      • Imports
      • Exports
    27. 11.27

      Austria

      • Market Size
      • Production
      • Imports
      • Exports
    28. 11.28

      Thailand

      • Market Size
      • Production
      • Imports
      • Exports
    29. 11.29

      United Arab Emirates

      • Market Size
      • Production
      • Imports
      • Exports
    30. 11.30

      Colombia

      • Market Size
      • Production
      • Imports
      • Exports
    31. 11.31

      Denmark

      • Market Size
      • Production
      • Imports
      • Exports
    32. 11.32

      South Africa

      • Market Size
      • Production
      • Imports
      • Exports
    33. 11.33

      Malaysia

      • Market Size
      • Production
      • Imports
      • Exports
    34. 11.34

      Israel

      • Market Size
      • Production
      • Imports
      • Exports
    35. 11.35

      Singapore

      • Market Size
      • Production
      • Imports
      • Exports
    36. 11.36

      Egypt

      • Market Size
      • Production
      • Imports
      • Exports
    37. 11.37

      Philippines

      • Market Size
      • Production
      • Imports
      • Exports
    38. 11.38

      Finland

      • Market Size
      • Production
      • Imports
      • Exports
    39. 11.39

      Chile

      • Market Size
      • Production
      • Imports
      • Exports
    40. 11.40

      Ireland

      • Market Size
      • Production
      • Imports
      • Exports
    41. 11.41

      Pakistan

      • Market Size
      • Production
      • Imports
      • Exports
    42. 11.42

      Greece

      • Market Size
      • Production
      • Imports
      • Exports
    43. 11.43

      Portugal

      • Market Size
      • Production
      • Imports
      • Exports
    44. 11.44

      Kazakhstan

      • Market Size
      • Production
      • Imports
      • Exports
    45. 11.45

      Algeria

      • Market Size
      • Production
      • Imports
      • Exports
    46. 11.46

      Czech Republic

      • Market Size
      • Production
      • Imports
      • Exports
    47. 11.47

      Qatar

      • Market Size
      • Production
      • Imports
      • Exports
    48. 11.48

      Peru

      • Market Size
      • Production
      • Imports
      • Exports
    49. 11.49

      Romania

      • Market Size
      • Production
      • Imports
      • Exports
    50. 11.50

      Vietnam

      • Market Size
      • Production
      • Imports
      • Exports
  12. LIST OF TABLES

    1. Key Findings In 2025
    2. Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    3. Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
    4. Per Capita Consumption, by Country, 2022–2025
    5. Production, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    6. Imports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    7. Imports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    8. Import Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    9. Exports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    10. Exports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    11. Export Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    2. Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
    3. Consumption, by Country, 2025
    4. Market Volume Forecast to 2035
    5. Market Value Forecast to 2035
    6. Market Size and Growth, By Product
    7. Average Per Capita Consumption, By Product
    8. Exports and Growth, By Product
    9. Export Prices and Growth, By Product
    10. Production Volume and Growth
    11. Exports and Growth
    12. Export Prices and Growth
    13. Market Size and Growth
    14. Per Capita Consumption
    15. Imports and Growth
    16. Import Prices
    17. Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    18. Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    19. Production, by Country, 2025
    20. Production, In Physical Terms, by Country: Historical Data (2012–2025) and Forecast (2026–2035)
    21. Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    22. Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    23. Imports, In Physical Terms, By Country, 2025
    24. Imports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    25. Imports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    26. Import Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    27. Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    28. Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    29. Exports, In Physical Terms, By Country, 2025
    30. Exports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    31. Exports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    32. Export Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)

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Bauducco® Opens Largest U.S. Manufacturing Facility in Zephyrhills, Florida, Bringing 75 Years of Brazilian Baking Craftsmanship to American Tables


The iconic Brazilian brand — beloved for its cookies, wafers, and specialty baked goods — makes a landmark U.S. investment, deepening its commitment to American consumers and strengthening a retail partnership built on a larger domestic production.

ZEPHYRHILLS, Fla., June 26, 2026 /PRNewswire/ — For three generations, Bauducco® has done one thing exceptionally well: make food worth sharing. Its Wafer Cookies — layered, crisp, and impossible to eat just one of — have been a staple of Brazilian households for decades. Its rich cream-filled cookies, classic butter biscuits, and beloved seasonal specialties have traveled from pantries in São Paulo to celebrations across more than 50 countries. Today, that story takes its most ambitious chapter yet.

Bauducco International Business Unit CEO and Bauducco family members are joined by the Zephyrhills Mayor and state and local officials for a ribbon cutting celebrating the grand opening of Bauducco's largest U.S. manufacturing facility in Zephyrhills, Florida.

Bauducco International Business Unit CEO and Bauducco family members are joined by the Zephyrhills Mayor and state and local officials for a ribbon cutting celebrating the grand opening of Bauducco’s largest U.S. manufacturing facility in Zephyrhills, Florida.

Bauducco® officially opened the doors to its largest U.S. manufacturing facility at 40334 6th Ave, in Zephyrhills, Florida. The 160,000-square-foot facility brings state-of-the-art production technology and double the manufacturing capacity previously available for the American market under one roof — streamlining the supply chain, shortening lead times, and enabling Bauducco® to respond to retail demand with greater speed and precision than ever before. The campus is designed to scale beyond 1.2 million square feet of production and distribution capacity as the company’s U.S. footprint grows, making today’s opening not just a milestone but a foundation — the most permanent and ambitious commitment Bauducco® has ever made to American consumers.

Founded in 1952, Bauducco® built its reputation on a deceptively simple idea: that the best baked goods require no shortcuts. The company’s U.S. wafer portfolio reflects that philosophy at every layer. The signature Wafer Cookies — available in chocolate, vanilla, strawberry, and coconut, and across multiple formats including a 40g single-serve, a 5oz multipack, a 9oz Family Pack, and a Sugar Free line in 5oz and 4.2oz — are made with a proprietary process that has remained largely unchanged since the brand’s earliest days. The result is a product that has achieved something rare in the snack category: genuine loyalty across generations.

The plant brings Bauducco®’s full wafer lineup under a Made in USA designation for the first time, operating at double the production capacity of what the brand previously had available for the American market. The demand signal was clear. What Bauducco® needed was the infrastructure to meet it — and now they have it.

The decision to build that infrastructure in the United States was not made quickly. For a family-owned company with deep roots in Brazil, it was a question of identity as much as strategy: was Bauducco® ready to make the expansion and build out the portfolio?

The answer, ultimately, was yes. And it’s expanding with a bet on Florida.

Zephyrhills — a growing community in the heart of Pasco County, northeast of Tampa — offered the combination of infrastructure, workforce, and community character that Bauducco®’s leadership was looking for. Pasco County’s economic development team was a key partner in making the case, helping to connect the company’s expansion vision with the resources and relationships needed to turn it into reality. The company expects the facility to employ over 600 people at full production capacity, making it one of the more significant food manufacturing employers in Pasco County.

“Bauducco’s decision to expand in Zephyrhills and create 600 jobs is a tremendous win for Pasco County. These are the kinds of opportunities that change lives and provide quality jobs for our residents while strengthening our local economy. We are proud that a globally recognized brand like Bauducco sees Pasco County as a place where it can grow and succeed, and we look forward to supporting their continued success for many years to come.” – Bill Cronin, President/CEO, Pasco Economic Development Council

The State of Florida and local government played an equally important role in bringing the project to life, with support that reflected the kind of public-private collaboration that Bauducco®’s leadership says made the decision clear.

“Today marks an exciting milestone for the City of Zephyrhills. We are proud to welcome Bauducco Foods and celebrate the opening of its largest U.S. manufacturing facility right here in Zephyrhills. Bauducco’s investment brings new high-wage jobs, strengthens our local economy, and further demonstrates the momentum taking place throughout our growing Industrial Corridor. Beyond its investment, Bauducco has already demonstrated a commitment to our city through its support of local organizations, events, and initiatives. On behalf of the Zephyrhills City Council and our residents, we are honored that this globally recognized company chose Zephyrhills for this important expansion and look forward to a long and successful partnership that will benefit our community for years to come.” – Melonie Bahr Monson, Mayor, City of Zephyrhills

For Stefano Mozzi, Bauducco®’s recently appointed Global CEO, the Zephyrhills facility is the physical expression of a strategic conviction he has championed since joining the company: that Bauducco®’s future in the United States depends on being present here in every sense of the word.

Speak to the vision behind this investment — why the U.S., why now, what this facility enables for the brand’s product quality and growth ambitions. Personal tone encouraged. Reference the brand’s 75-year legacy and what it means to bring that craftsmanship to American manufacturing. – Stefano Mozzi, Global CEO, Bauducco®

Bauducco®’s growth in the United States has been driven by retail partners who recognized early what American consumers were beginning to discover: that the brand’s commitment to quality was something worth putting on a shelf and standing behind. Those partnerships — built on consistent product performance, strong consumer pull, and a brand story that resonates across demographics — are now supported by something they have not had before: domestic production.

The Zephyrhills facility changes the equation for Bauducco®’s retail relationships in meaningful ways. Manufacturing on U.S. soil means shorter lead times, greater supply chain reliability, and the ability to respond to demand signals with speed and precision. For the retailers who have invested in the brand, it is a signal that Bauducco® is not here to test the market — it is here to serve it.

The facility also positions Bauducco® within a broader movement among major U.S. retailers to prioritize domestic sourcing and American-made products — a shift that has created new opportunities for brands willing to make the infrastructure investment to match.

“Bauducco’s investment in U.S. manufacturing is a strong example of how companies can create jobs, strengthen local communities and serve Walmart customers closer to home,” said Melody Richard, Senior Vice President, Pantry, Walmart U.S.

Bauducco® products are currently available at major retailers across the country, with the Zephyrhills facility expected to support expanded distribution and shelf presence as domestic production capacity grows. Bauducco® is the world’s largest producer of Panettone — a distinction earned over decades of perfecting the Italian-origin holiday bread that has become synonymous with the brand across more than 50 countries.

Bauducco® remains a family company. The founders’ descendants remain active in the business, and that ownership structure — with its long time horizons and personal stakes — is something company leaders say directly shaped the decision to invest at this scale in the United States.

The Zephyrhills facility is not a licensing arrangement or a co-manufacturing deal. It is Bauducco®’s own building, Bauducco®’s own lines, and Bauducco®’s own people. That distinction matters to a company that has always insisted on controlling what goes into every product it puts its name on.

For the Bauducco® family, today’s ceremony is a milestone measured not just in square footage and production capacity, but in what it represents across generations: the belief that something built carefully and honestly will always find its audience.

About Bauducco®
Founded in Brazil in 1952 by an Italian immigrant, Bauducco® is one of the world’s largest producers of baked goods, globally. Inspiring unforgettable moments with recipes crafted with innovation and passion, Bauducco®’s products are synonymous with The Feeling of Family. As a global company exporting to more than 50 countries, Bauducco® has been doing business in the U.S. for more than 20 years and has a national presence. Panettone, one of Bauducco®’s most iconic products, is a strategic player in the U.S. market, where the brand holds an 86% value share in this category. Bauducco® is the leading wafer producer nationwide. Bauducco®’s signature Panettones, Wafers, Cookies and Toasts are sold in most major retailers across the U.S. To learn more about Bauducco®, please visit www.bauducco.com and follow @bauducco.us on Instagram.

SOURCE Bauducco

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3 US Manufacturing Stocks for AI Infrastructure and Grid Power Demand


Tariff threats on European digital services taxes put a fresh spotlight on how exposed US companies are to global policy shocks, even when they are rooted in tech disputes. While attention often goes straight to giants like Apple or Google, these tensions can ripple into US domestic manufacturing stocks through supply chains, input costs, and export expectations. This article looks at three US manufacturing stocks that appear positively positioned relative to the latest tariff headlines, to help you think about where risk and potential opportunity may sit as trade rhetoric heats up.

Mobileye Global (MBLY)

Overview: Mobileye Global develops advanced driver assistance and autonomous driving systems that help keep cars in lane, avoid collisions, and power future robotaxis, supplying its technology and EyeQ chips to automakers and fleets worldwide.

Operations: Mobileye Global generates the vast majority of its US$2.01b revenue from the Mobileye segment (US$1.98b), with only US$38m from other activities, selling primarily into automakers across the US, China, Europe, and other key car-producing regions.

Market Cap: US$6.6b

Mobileye Global may suit investors seeking exposure to car technology that sits between today’s driver assistance features and tomorrow’s robotaxis. The company has positions in ADAS chips and software, and it plans to launch a vertically integrated US robotaxi fleet from 2027 that links Mobileye Drive with Moovit’s platform, which could add high-margin, recurring revenue. At the same time, Mobileye reported a very large goodwill-related loss recently and remains unprofitable, with board independence and high CEO pay raising governance questions. Tariff headlines also matter because lower global vehicle production, as management has flagged, could weigh on unit volumes. How those growth ambitions, valuation signals, and tariff risks balance out is a key consideration for investors.

Mobileye Global sits at the crossroads of ADAS chips, software and a planned robotaxi rollout. Yet many investors may be missing how the story stacks up against its goodwill hit and governance concerns. Before deciding where you stand, review the analysis report for Mobileye Global

NasdaqGS:MBLY Earnings & Revenue Growth as at Jun 2026NasdaqGS:MBLY Earnings & Revenue Growth as at Jun 2026

nVent Electric (NVT)

Overview: nVent Electric makes electrical connection and protection products that keep power and data running safely, from data centers and industrial sites to commercial buildings and energy infrastructure, selling under brands such as CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF, and TRACHTE.

Operations: nVent Electric generates about US$3.0b from Systems Protection solutions and US$1.3b from Electrical Connections products, with most revenue coming from the Americas alongside smaller contributions from EMEA and Asia Pacific.

Market Cap: US$27.8b

nVent Electric may be relevant if you are looking for a US focused manufacturer tied to structural themes such as data center buildout, AI infrastructure, and grid upgrades, and it could also potentially benefit if tariffs steer more demand toward domestic suppliers. Some analysts forecast revenue and earnings to grow faster than the broader US market, supported by its position in liquid cooling and modular power systems, and recent analyst coverage highlights that story. At the same time, the stock already trades on a rich P/E, growth is heavily exposed to AI data center spending, and there has been sizeable insider selling alongside higher external borrowing. How you weigh those strengths against concentration and valuation risk is where the key opportunity or caution may lie.

nVent Electric’s growth story around AI infrastructure and grid upgrades is getting plenty of attention, but the real question is whether the current P/E and risks are already baked in or still mispriced. It is worth weighing the full picture in the analyst forecasts for nVent Electric

NYSE:NVT P/E Ratio as at Jun 2026NYSE:NVT P/E Ratio as at Jun 2026

Generac Holdings (GNRC)

Overview: Generac Holdings designs and sells backup generators, battery storage and home energy management products for households, businesses and data centers. Its products help customers keep the lights on and manage power use when the grid is unreliable or under stress.

Operations: Generac Holdings generates most of its revenue in the United States at about US$3.59b, with around US$803m from international markets and a small segment adjustment of roughly US$62m.

Market Cap: US$17.38b

Generac Holdings may be worth a closer look if you want exposure to US domestic manufacturing that is tied directly to backup power, grid resilience and the build out of energy hungry data centers rather than cross border digital services. The company is expanding large megawatt generator capacity in Illinois and has secured supply deals with major data center operators. It still earns a large share of revenue from residential and commercial standby generators that can be used when outages rise. At the same time, the stock trades on a very high P/E and carries funding and execution risks in areas such as clean energy and new data center capacity. Investors need to decide whether the growth narrative and improving margins justify paying a higher valuation for Generac’s US focused opportunity.

Generac’s accelerating push into backup power for data centers and US grid resilience has investors focused on growth, but the real twist may sit in the analyst forecasts for Generac Holdings that could reframe the whole story

NYSE:GNRC Earnings & Revenue Growth as at Jun 2026NYSE:GNRC Earnings & Revenue Growth as at Jun 2026

The three stocks covered here are only a starting point, and the full US Domestic Manufacturing Stocks screener surfaces 40 more US focused companies with similarly compelling stories around domestic production, exports and supply chains. Use Simply Wall St to identify and analyze the specific catalysts, tariff sensitivities and business narratives that matter most to you so you can focus on the highest conviction opportunities in this theme.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.
It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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Tariff Driven U.S. Manufacturing Stocks Retail Investors Are Researching Now


Tariffs are back at the top of the agenda, and this time the focus is on imports tied to forced labor concerns. With the U.S. proposing duties of up to 12.5% on goods from 60 economies, domestically focused manufacturers have fresh attention from investors looking for companies less exposed to complex global supply chains. This article examines how the new tariff proposal could influence sentiment around U.S. Domestic Manufacturing stocks and highlights 3 stocks from our screener that appear positioned to be positively exposed to this policy shift.

EnerSys (ENS)

Overview: EnerSys is a US-based manufacturer of industrial batteries and stored energy systems that power telecom networks, data centers, factories, warehouses, trucks and defense applications worldwide through its Network & Infrastructure, Industrial Mobility and Precision Power segments.

Operations: EnerSys generates most of its roughly US$3.8b in revenue from Energy Systems (US$1.7b), Motive Power (US$1.4b) and Specialty solutions (US$665.1m), with a little over US$2.4b coming from US customers and about US$1.4b from foreign markets.

Market Cap: US$8.3b

For investors tracking the shift toward U.S. domestic manufacturing, EnerSys stands out as a large home-grown supplier of industrial batteries that already produces largely in region for region. It also has an internal tariff task force focused on keeping a roughly 22% U.S. sourcing exposure under control. Growth in data centers, electrified warehouses and defense programs is feeding demand for its lithium and lead-acid solutions. At the same time, cost programs and acquisitions are aimed at lifting margins, even though recent profit margins have eased and organic growth has been patchy. External borrowing raises funding risk, and a lithium cell factory remains on hold, so EnerSys offers a mix of structural tailwinds and execution questions that rewards closer inspection.

EnerSys could be an underappreciated way to play reshoring, with data centers and defense quietly reshaping its story, while margins and sourcing still raise questions. Get the full picture in the analysis report for EnerSys

NYSE:ENS Revenue & Expenses Breakdown as at Jun 2026NYSE:ENS Revenue & Expenses Breakdown as at Jun 2026

Crocs (CROX)

Overview: Crocs designs, makes, and sells casual footwear and accessories for men, women, and kids under the Crocs and HEYDUDE brands, offering clogs, sandals, sneakers, boots, and bags through wholesalers, its own stores, outlets, and online channels worldwide.

Operations: Crocs generates most of its roughly US$4.0b in revenue from the Crocs brand at about US$3.3b, with the HEYDUDE brand contributing around US$693.2m.

Market Cap: US$5.9b

For investors watching tariff headlines, Crocs is an interesting case because management has already been planning around higher duties, talking openly about potential annual cash costs of US$45m to US$130m while shifting sourcing and cutting at least US$50m in expenses. At the same time, the core Crocs brand is leaning into direct to consumer growth, social commerce like TikTok Shop, and international expansion. The HEYDUDE turnaround and high debt levels keep risk firmly on the table. Recent analyst upgrades and buyback activity illustrate how divided views are on the stock, which is why the full story on margins, tariffs, and brand momentum deserves a closer look before any decisions.

Crocs’ tariff playbook, cost cuts, and brand push are all moving at once, yet the market debate is still intense. See how those threads fit together in the analysis report for Crocs

NasdaqGS:CROX Revenue & Expenses Breakdown as at Jun 2026NasdaqGS:CROX Revenue & Expenses Breakdown as at Jun 2026

Amprius Technologies (AMPX)

Overview: Amprius Technologies develops and sells high energy density lithium ion batteries using silicon anode technology, primarily for aviation uses such as drones and high altitude platforms where lighter weight and longer flight times are critical.

Operations: Amprius Technologies generates about US$90.3m in revenue from its Battery Business, with roughly US$62.8m from EMEA customers, US$15.9m from North America, and US$11.5m from Asia Pacific.

Market Cap: US$1.8b

Amprius Technologies sits at the intersection of advanced battery tech, defense and drone adoption, and now potential tariff tailwinds as customers look for trusted suppliers. Its silicon anode batteries are already gaining traction in high value aviation and defense projects, and management has been expanding manufacturing capacity while keeping a global footprint that is less exposed to import duties. At the same time, the company is still loss making, trades on a rich sales multiple, and relies on external funding and fresh equity, so execution on scaling and margins really matters. For investors watching how U.S. tariff policy and domestic manufacturing priorities might reshape high end battery supply chains, this combination of opportunity and execution risk may make Amprius a candidate for further research.

Amprius Technologies focuses on high energy batteries, but the core issue is how its growth ambitions compare with its funding needs and scaling risk. See how that balance looks in the analysis report for Amprius Technologies

NYSE:AMPX Earnings & Revenue Growth as at Jun 2026NYSE:AMPX Earnings & Revenue Growth as at Jun 2026

The three stocks in this article are only a starting point. Our full U.S. Domestic Manufacturing U.S. Domestic Manufacturing screener surfaces 16 more companies that pair domestic footprints with equally compelling business narratives. Use Simply Wall St to identify, filter, and analyze the specific catalysts and stories that matter to you, so you can focus on the highest conviction ideas in this theme.

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Fresh stock stories can move from quiet buildup to full breakout before anyone notices. Once momentum is strong, entry points can quickly become less attractive, so careful research in advance is important.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.
It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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Op-ed: Why Made in America still matters to a global manufacturing market


Excel Dryer Executive Vice President and COO, William Gagnon, argues that the future of US manufacturing will depend not on chasing the lowest costs, but on investing in domestic production, skilled people and long-term resilience. In this exclusive op-ed for The Manufacturer, he explains why “Made in America” still has global significance, and what manufacturers on both sides of the Atlantic can learn from it.

As the United States approaches its 250th anniversary, American manufacturers are facing an important question: what should “Made in America” mean in a global economy?

It is a question with relevance well beyond the US. Manufacturers in North America, the UK and other advanced economies are weighing similar pressures, from overseas production and tariffs to supply chain resilience, labour availability, quality control and long-term competitiveness.

For many companies, offshore production became the default model decades ago. Lower labour costs and expanded supplier networks promised short-term savings. For others, keeping manufacturing close to home remained a deliberate business decision. At Excel Dryer, that decision has been central to who we are. We are a Massachusetts-based manufacturer, and we have continued to manufacture in the US while many competitors moved production overseas. That choice has shaped our products, our workforce, our supplier relationships and our ability to serve customers around the world.

Domestic manufacturing is not the easiest path. It requires investment in equipment, training, skilled labour, supplier partnerships and continuous improvement. It requires patience and a long-term view of the business. The value becomes clear over time through stronger quality control, greater flexibility and closer alignment between engineering, production and customer needs.

For us, the business case starts with quality. When product development, manufacturing and leadership are closely connected, teams can solve problems faster and make improvements with greater precision. Feedback from the production floor reaches engineering quickly. Product testing is more practical. Customer insight can be turned into measurable improvements.

That matters in any sector. It is especially important for products used in high-traffic public spaces where reliability, hygiene, sustainability and cost-effectiveness are priorities. Hand dryers are installed in airports, stadiums, schools, healthcare facilities, restaurants and commercial buildings. They have to perform consistently, reduce maintenance demands and support the operating goals of each facility.

The past several years have also reinforced the importance of resilience. Supply chain disruption exposed the risk of depending too heavily on distant production networks. Delays, shortages and rising transport costs forced many manufacturers to reassess where and how their products are made.

Manufacturing in the US does not remove every challenge, but it gives companies greater visibility and control. It can shorten communication lines, strengthen supplier relationships and reduce exposure to disruption. For customers, that can translate into more reliable delivery, stronger support and confidence in the company behind the product.

The global market still matters. Excel Dryer serves customers in the US and internationally, including in the UK. Our products are installed at major British venues such as Heathrow Airport and Wembley Stadium, where high-traffic washrooms require dependable, efficient and hygienic solutions. Those installations reflect an important point for manufacturers on both sides of the Atlantic: strong domestic production can support global growth.

A product made in America can compete in international markets when it is built around performance, quality and innovation. Domestic manufacturing should not be seen as a retreat from global trade. It can be a foundation for it.

There is also a workforce story that deserves more attention. Manufacturing creates skilled careers and supports local economies. It gives employees a direct role in building products used every day in facilities around the world. When companies invest in domestic production, they invest in technical knowledge, training and the next generation of manufacturing talent.

That will become increasingly important as the US approaches America250. The future of American manufacturing will need to be modern, efficient and globally competitive. It will require automation, sustainability, continuous improvement and a renewed commitment to workforce development. It will also require companies to make deliberate decisions about what they value over the long term.

For Excel Dryer, manufacturing in the US remains a smart business decision. It strengthens quality. It supports innovation. It improves supply chain resilience. It gives our workforce pride in what they build and gives customers confidence in what they choose.

As manufacturers in North America and the UK continue to navigate a changing global economy, the lesson is clear. The lowest short-term cost does not always create the strongest company. Long-term value depends on quality, reliability, skilled people and the ability to adapt.

“Made in America” still matters. At its best, it represents more than where a product is assembled. It represents accountability, investment, innovation and confidence in the future of manufacturing.

About the author

William Gagnon is executive vice president and COO of Excel Dryer, Inc., where he helps lead operations, product innovation, global growth and strategic initiatives for the family-owned manufacturer. With more than 20 years of industry experience, Gagnon has played a key role in advancing the XLERATOR® Hand Dryer and establishing the high-speed, energy-efficient hand dryer category. His leadership supports Excel Dryer’s continued focus on hygienic, sustainable and cost-effective hand drying solutions for facilities worldwide.

 

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J&J Invests Over $1 Billion to Boost Vision Care Manufacturing in Florida 


New Brunswick-based Johnson & Johnson recently announced an investment of more than $1 billion in Jacksonville, Florida to strengthen its Vision operations by scaling its U.S. manufacturing, packaging and distribution capabilities. 

The investment includes construction of a new state-of-the-art distribution facility by 2028, alongside advanced manufacturing and packaging technologies to meet growing demand for Johnson & Johnson’s Acuvue brand contact lenses. The company currently manufactures more than 1.7 billion Acuvue contact lenses for U.S. patients. 

“This investment reinforces our long-standing conviction that advanced manufacturing in the United States is essential to delivering innovative, high-quality healthcare solutions to patients at home and around the world,” Johnson & Johnson Chair and CEO Joaquin Duato said June 15. 

Since establishing its Jacksonville presence in 1981, Johnson & Johnson has built a strong foundation for economic growth in the region. The latest $1 billion investment supports 3,500 Jacksonville employees and strengthens Johnson & Johnson’s $6 billion annual economic impact in Florida, the company said. 

The Jacksonville facility is part of Johnson & Johnson’s previously announced $55 billion U.S. investment in manufacturing, research and development, and technology through early 2029. Other new manufacturing facilities include a $2 billion biologics plant in North Carolina, and a $1 billion next-generation cell therapy manufacturing facility in Pennsylvania. 

“I am thrilled to see this major $1 billion investment in our state, funding new state-of-the-art facilities and supporting jobs in the Jacksonville area,” said U.S. Senator Ashley Moody (R-FL). “Companies are moving to Florida in droves, and massive investment such as this highlights Florida as the nation’s top state to grow your family and your business.”  

 

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Bull Moose Tube to Acquire Hanna Steel in Third U.S. Manufacturing Expansion


Bull Moose Tube Company has agreed to acquire Hanna Steel, a producer of structural and mechanical steel tubing with facilities in Alabama and Illinois.

Most industrial buy-and-build strategies come with a clock. This one does not.

More than fifty years ago, Lord Swraj Paul founded a steel tube business in Britain called Natural Gas Tubes. That company eventually became Caparo Group, a global industrial enterprise spanning steel, automotive components, and engineered products. Today, the family he founded is once again expanding through steel tube manufacturing—this time in the United States.

The latest example is Bull Moose’s agreement to acquire Hanna Steel, a producer of structural and mechanical steel tubing. The transaction, expected to close in the third quarter of 2026, extends what has become a steady expansion strategy by the Paul family and its Caparo Group, one that has received little attention despite a growing series of investments in American manufacturing assets.

Founded in 1954, Hanna Steel manufactures structural and mechanical steel tubing used in commercial construction, infrastructure, and industrial applications. The company operates tubing facilities in Alabama and Illinois, a coil-coating operation in Alabama, and its own trucking business. Industry sources estimate annual revenue of approximately $80 million and employment of several hundred workers. Its Tuscaloosa facility alone spans more than 600,000 square feet.

Hanna Steel’s Tuscaloosa, Louisiana facility. Credit: Hanna Steel

The acquisition of Hanna Steel marks the end of more than 40 years of Hanna family ownership, dating to 1984 when Pete Hanna purchased the company from his father, General Hanna, and expanded it into one of the nation’s largest independent producers of structural and mechanical steel tubing.

“The acquisition of Hanna Steel is a strong strategic fit for Bull Moose as we continue to expand our capabilities and enhance value for our customers,” said John Krupinski, chief executive officer of Bull Moose Tube. “Hanna adds complementary assets, experienced teams, a respected reputation and culture, along with a product portfolio that supports our long-term growth strategy.”

Bull Moose Tube Company was founded in 1962 and is headquartered near St. Louis in Chesterfield, Missouri. Today, the company operates seven manufacturing facilities across the United States and is one of North America’s larger producers of welded steel tubing, hollow structural sections, and mechanical tubing. Under the ownership of the Paul family, Bull Moose has grown into a business with annual production capacity exceeding one million tons.

Bull Moose Tube’s Elkhart, Indiana facility: Credit Bull Moose Tube

Bull Moose is owned by Caparo Bull Moose, the North American subsidiary of Caparo Group. Following Lord Paul’s death in August 2025, leadership of the family-controlled business passed to his son, Ambar Paul, who serves as chairman of Bull Moose Tube.

“We continue to assess and pursue strategic opportunities that strengthen Bull Moose Tube’s position as a best-in-class steel tube producer,” said Mr. Paul. “As our third major investment in recent years, Hanna Steel builds on a clear pattern of strategic expansion, adding depth to our manufacturing capabilities and reinforcing our commitment to long-term, sustainable growth.”

The Hanna acquisition follows Bull Moose’s September 2025 purchase of Ferrous85 from privately held Ferragon Corporation. The Sinton, Texas-based toll-processing business operates adjacent to Steel Dynamics’ steel campus and includes one of North America’s largest steel coil slitting operations, capable of processing coils weighing up to 105,000 pounds. The acquisition strengthened Bull Moose’s Texas manufacturing platform, which the company began building in 2021 with plans for a new hollow structural section and sprinkler pipe mill in Sinton.

Hanna Steel’s Tuscaloosa, Louisiana facility. Credit: Hanna Steel

The company also closed its Burlington, Ontario, manufacturing facility in 2025, consolidating production into its U.S. operations. Taken together, these investments point toward a strategy focused on increasing domestic manufacturing capacity and deepening exposure to the American industrial economy.

The timing is notable. Domestic steel demand continues to benefit from infrastructure spending, utility grid modernization, energy projects, manufacturing reshoring, and data center construction. Bull Moose participates in many of those end markets through its tubing and structural products businesses.

The broader steel tubing market remains fragmented despite decades of consolidation. Participants range from publicly traded producers to privately held regional manufacturers, creating ongoing opportunities for strategic buyers seeking additional capacity, geographic reach, and product breadth. Against that backdrop, Hanna Steel represents another building block in Bull Moose’s expansion strategy.

For the Paul family, Hanna Steel is the latest step in a strategy that has included new manufacturing capacity in Texas, the acquisition of Ferrous85, and a growing concentration of operations in the United States.

While most industrial buy-and-build programs are associated with private equity sponsors, Bull Moose is pursuing a similar path under family ownership and without the constraints of a traditional fund life.

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3 US Reshoring Stocks Backed By Domestic Manufacturing Demand


Supply chain resilience is back in the spotlight as U.S. policymakers push to reduce reliance on foreign suppliers and tighten rules around trade, technology, and sanctions. For investors, that shift could reshape where capital flows, which companies face extra scrutiny, and which ones stand to benefit from efforts to expand domestic capacity. To make sense of these changes, this article looks at three stocks from our U.S. Manufacturing and Industrial Reshoring screener that appear positively exposed to the latest policy signals. This may help you decide whether they deserve a closer look or a spot on your watchlist.

Atkore (ATKR)

Overview: Atkore is a U.S.-based manufacturer of electrical conduit, cable management, pipes, framing systems, perimeter security and related infrastructure products that are used to route and protect power and data across construction, industrial, infrastructure, alternative energy and government projects.

Operations: Atkore generates about US$2.0b from its Electrical segment and US$0.8b from Safety & Infrastructure, with the business heavily concentrated in the United States, which contributes roughly US$2.5b of revenue.

Market Cap: US$2.8b

Atkore sits at the heart of U.S. reshoring and electrification, supplying domestically manufactured electrical raceway and infrastructure products at a time when policymakers are pushing for more onshore capacity and tougher rules on imports. Management has highlighted that tariffs and supply chain shifts could help recapture conduit market share from overseas competitors, and the company is already closely tied to data centers, chip fabs, hospitals and solar projects. At the same time, investors need to weigh ongoing losses, legal settlement costs around PVC conduit, and signs of competitive pressure against a valuation that screens as relatively low on some metrics and a board that is described as experienced. For investors tracking U.S. manufacturing and infrastructure, Atkore is a stock that warrants a deeper look.

Atkore’s reshoring story, low-screening valuation, and exposure to data centers and solar projects could be hiding a bigger twist in the risk reward trade off. Start with the 2 key rewards and 2 important warning signs

ATKR Discounted Cash Flow as at Jun 2026ATKR Discounted Cash Flow as at Jun 2026

Bowman Consulting Group (BWMN)

Overview: Bowman Consulting Group is a U.S. engineering and technical services company that helps design, plan, and manage critical infrastructure, from roads, ports, power systems, pipelines, and data centers to water, wastewater, and environmental projects, increasingly using digital tools such as GIS, AI-enabled studies, and digital twins.

Operations: Bowman generates about US$503.6m by providing engineering and related professional services to customers, with all reported revenue coming from the United States.

Market Cap: US$528.4m

Bowman Consulting Group gives investors focused exposure to the U.S. “build out” story, with a US$503.6m, fully domestic revenue base tied to transportation, power, data centers, defense, water and wastewater, and mining projects that align with Washington’s push for supply chain resilience and onshoring. Recent contract wins in ports, critical minerals, and utilities add to its backlog. Some analysts highlight the potential for higher-margin, technology-enabled services to become a larger contributor as they scale. At the same time, Bowman has reported losses in some periods and carries financing risk, with interest costs not yet comfortably covered by earnings, so execution on growth and margin expansion remains important. For investors tracking U.S. manufacturing and infrastructure, the key consideration is how to weigh the combination of policy support, contract momentum, and balance sheet risk when assessing the company.

Bowman Consulting Group’s contract momentum and fully domestic revenue base may be obscuring a more pronounced inflection point in its story, and the real tension sits inside the 3 key rewards and 1 important major warning sign

BWMN Discounted Cash Flow as at Jun 2026BWMN Discounted Cash Flow as at Jun 2026

Matrix Service (MTRX)

Overview: Matrix Service is an engineering and construction company that builds and maintains critical energy, power, storage and industrial infrastructure, including LNG and fuel storage tanks, utility substations, gas fired facilities and specialized assets for sectors such as hydrogen, mining and aerospace.

Operations: Matrix Service generates about US$420.0m from Storage and Terminal Solutions, US$282.9m from Utility and Power Infrastructure and US$144.9m from Process and Industrial Facilities, with most of its roughly US$847.5m in revenue coming from the United States.

Market Cap: US$392.5m

Matrix Service is closely aligned with U.S. supply chain resilience and energy security priorities, building LNG and NGL storage, peak shaving facilities and power infrastructure that support AI data centers, utilities and clean energy projects. The company has been moving from losses toward breakeven, with recent quarters showing improved sales and earnings. However, guidance has been trimmed as clients push projects out and permitting and weather delays shift revenue timing. A strong cash position and no debt provide some cushion, but funding risk from external liabilities, insider selling and execution issues on complex tanks remain factors to watch. For investors tracking U.S. industrial reshoring, the key question is whether this early stage turnaround in Matrix Service is being priced as cautiously as its project risks suggest.

Matrix Service’s early stage turnaround, cash on hand and zero debt are only half the story; the real tension sits inside the 3 key rewards and 1 important warning sign

NasdaqGS:MTRX Earnings & Revenue Growth as at Jun 2026NasdaqGS:MTRX Earnings & Revenue Growth as at Jun 2026

The three stocks covered here are only a starting point, and the full U.S. Manufacturing and Industrial Reshoring screener surfaced 18 more companies with equally compelling reshoring and domestic production narratives that could fit a range of investment styles. Use Simply Wall St to identify, filter, and analyze the specific catalysts and storylines that matter to you, so you can focus on the highest conviction opportunities across this theme.

Take Control of Your Investment Journey

If Atkore or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point.
Once you’ve made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates.
Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives.
By uncovering hidden catalysts and risks early, you’ll accelerate your decision-making and stay one step ahead of the market.

Seeking Fresh Alternatives Before They Fly?

New themes are breaking out, funds are shifting, and under the radar for now stocks will not stay quiet for long. Scan these fresh ideas before the crowd and consider them while they are still early.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.
It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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Argon & Co Appoints Lotfi Maroizy to Expand North American Manufacturing Practice


Argon & Co has appointed manufacturing and operations executive Lotfi Maroizy as a partner in its North American Manufacturing Practice, a move aimed at expanding the consulting firm’s capabilities as manufacturers accelerate investments in digital transformation, supply chain modernization and operational efficiency.

Based in Houston and aligned with the firm’s Atlanta office, Maroizy will lead the growth, strategy and execution of Argon & Co’s expanded manufacturing services across the United States. His appointment comes as industrial companies face mounting pressure to modernize operations, address workforce challenges and improve competitiveness through technology-driven transformation initiatives.

The addition reflects increasing demand among manufacturers for consulting support that combines operational expertise with digital capabilities. Across sectors ranging from consumer goods and chemicals to automotive and food production, companies are seeking ways to improve resilience, automate processes and optimize increasingly complex supply chains.

“We are thrilled to welcome Lotfi to our leadership team as we aggressively scale our North American Manufacturing Practice,” said Simon Clarke, managing partner at Argon & Co.

Maroizy brings more than two decades of experience leading large-scale operational, supply chain and manufacturing transformation programs. Throughout his career, he has worked with organizations undergoing significant change initiatives aimed at improving productivity, reducing costs and enhancing operational performance.

Prior to joining Argon & Co, Maroizy held senior leadership positions at EFESO Consulting, Riveron and Accenture. In those roles, he led consulting teams responsible for implementing complex transformation programs across a range of industries. According to the company, initiatives he helped oversee generated more than $1 billion in cumulative cost savings and revenue improvements.

His industry experience spans several sectors that continue to face rapid technological and competitive shifts, including consumer products, food and beverage, chemicals, pulp and paper, and automotive manufacturing. Those industries are increasingly investing in smart factory technologies, advanced analytics, automation and digital supply chain tools as they respond to changing customer expectations and evolving market conditions.

At Argon & Co, Maroizy will focus on expanding the firm’s go-to-market strategy by integrating traditional operational improvement methodologies with digital manufacturing capabilities. The company views this combination as increasingly important as manufacturers seek practical solutions that deliver measurable business results rather than standalone technology deployments.

“Argon & Co’s hands-on, ‘roll-up-your-sleeves’ culture perfectly aligns with my philosophy on transformation,” Maroizy said. “True operational change isn’t born in a silo; it happens alongside the client on the shop floor.”

He added that the firm’s expanded supply chain, operations and digital capabilities will help manufacturers address legacy operational challenges while adopting automation and modern manufacturing technologies designed to improve profitability and market competitiveness.

The appointment comes at a pivotal time for the North American manufacturing sector. Many companies are balancing investments in automation and artificial intelligence with efforts to strengthen domestic production capabilities, improve supply chain visibility and address ongoing labor shortages. Those trends have created growing demand for advisory firms capable of guiding transformation efforts from strategy development through implementation.

Argon & Co specializes in supply chain strategy, operational transformation and managed services, working with organizations across North America, Europe and Asia-Pacific. The firm’s consulting model emphasizes direct engagement with clients throughout execution rather than focusing solely on strategic planning.

By adding a leader with extensive experience in manufacturing operations and digital transformation, Argon & Co is positioning itself to capture growing demand from industrial organizations seeking to modernize operations and build more resilient, technology-enabled supply chains. The move also reinforces the firm’s commitment to expanding its presence in North America as manufacturers continue investing in operational excellence and digital innovation.

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U.S. Manufacturing Hits Four Year High And Proves U.S. Can Become Self-Reliant 



By Manzanita Miller 

Critics were skeptical of President Donald Trump’s implementation of tariffs on a variety of imported products from countries like China, but the results are speaking for themselves. U.S. manufacturing reached its highest growth in four years in May and companies are promising multi-billion-dollar investments to develop critical pharmaceuticals, semiconductors, safe electrical equipment, and many more products in the United States. 

According to the Institute for Supply Management’s Purchasing Managers’ Index (PMI), U.S. manufacturing rose 1.3 percentage points in May, marking the fifth consecutive month of growth and the highest recording of the index since May 2022. This is a significant healthy signal that U.S. companies are beginning to compete once again. 

The report notes that indexes that measure inventories on hand, customer inventories on hand, new orders, and new export orders are all up over the past month. 

The inventories index rose 0.9 percentage points since April while the customers’ inventories index is up 3.6 points since April according to the report. 

The report also notes that “demand orders” are up, with both the new orders index and new export orders index expanding by 2.7 points since April.

Indexes that measure output are also up, with the production index rising for the seventh consecutive month according to the report. 

U.S. manufacturing is rising across a multitude of critical industries including petroleum, computers and electronics, mineral products, electrical equipment, machinery, appliances, transportation equipment, printing, textile mills, and food and beverages. 

The manufacturing boom is a result of President Donald Trump’s two-pronged economic approach to court companies with reduced corporate tax burdens signed into law with the One Big Beautiful Bill Act while making importing goods from foreign countries costly. 

Speaking at a campaign stop in a Mack Trucks facility in Macungie, Pa. on June 23, President Trump touted manufacturing’s impact on job creation, “[M]ore Americans are working today than at any time in the history of our country. And we’ve created over… 32,000 new jobs just starting in Pennsylvania alone. David, you have to get ready for that. And in the last few months alone, we’ve added 2,600 Pennsylvania manufacturing jobs. And that number is going to go much, much higher as the factories start to open.”

The approach is working, with U.S. manufacturing reaching a four-year high in May. Companies are committing to expanding the creation of products like prescription drugs, semiconductors, safe electrical equipment, and many more products on American soil as a result of the strategy. 

In March, Taiwan Semiconductor Manufacturing Company (TSMC), which produces semiconductors for electronics, announced an additional $100 billion investment in the U.S. on top of the previously committed $65 billion. 

CEO C.C. Wei thanked President Trump for his support in company’s expansion, saying, “we have to thank President Trump’s vision and his support. TSMC started the journey of establishing the advanced chip manufacturing in Arizona. And now, let me proudly say the vision becomes reality.”  

TSMC’s investment will include six semiconductor wafer fabs, two advanced packaging facilities and a research and development center, and is already underway in Phoenix, AZ. 

According to the company’s announcement, the facilities will create 6,000 high-tech jobs, as well as thousands of construction and supplier jobs. The company’s original investment is estimated to generate around $1.4 billion in direct and indirect tax revenues combined over the next thirteen years. The company is also estimated to create $9.3 billion in personal income and indirect income combined.

In May, Siemens, a German company that develops critical power equipment and transportation infrastructure, announced it had reached $1 billion in domestic manufacturing investments in the United States over the past five years. 

Siemens’ investments include $165 million to expand two electrical equipment manufacturing facilities and add three more locations in North and South Carolina and $190 million for a new data center in Fort Worth, Texas to build important electrical infrastructure. The company has also dedicated $95 million to expand electrical infrastructure manufacturing in Pomona, California. The projects should generate more than 2,200 new jobs in advanced manufacturing, skilled trades, and engineering by 2028.

Multiple pharmaceutical companies including Eli Lilly, the U.S. manufacturer of the popular GLP-1 weight regulating drug Retatrutide have announced multi-billion dollar investments in the U.S. Eli Lilly announced plans to spend $27 billion to build four U.S. plants, with plants being announced in Alabama, Virginia and Texas so far.     

AstraZeneca, a Swedish pharmaceutical company that makes a multitude of prescription drugs including those used in oncology has committed $50 billion to expand U.S. manufacturing by 2030. The company will create a new facility in Virginia and expand into Maryland, Massachusetts, California, Indiana and Texas.

The White House estimates that $10.6 trillion in U.S. and foreign investments have been made possible through President Trump’s economic approach as of this writing, spanning the industries of AI, energy, datacenters, food and beverages, manufacturing, pharmaceuticals and biotech, and many more. 

What this says is that the slate of tariffs on imports are doing exactly what President Trump theorized and encouraging a revitalization of the U.S. manufacturing sector. Not only is this healthy for businesses and consumers, but it is also critical to ensuring American-made products are available no matter how the geopolitical landscape looks. With a rise in U.S.-made products from semiconductors to essential electrical infrastructure to critical pharmaceuticals, Americans are becoming more self-reliant than they have been for decades.

Manzanita Miller is the senior political analyst at Americans for Limited Government Foundation. 

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