BANK OF AMERICA: Here's how investors can position for a 'tectonic shift' in global manufacturing that brings more jobs home from abroad
BANK OF AMERICA: Here's how investors can position for a 'tectonic shift' in global manufacturing that brings more jobs home from abroadA"tectonic shift" in manufacturing is about to bring supply chains and jobs back to shores that exported them in previous years, Bank of America says.buy automation, industrial, and bank stocks in North America, as well as South East Asia and India, to gain exposure.
It's part of what Bank of America deems a"tectonic shift" in manufacturing that will bring parts of supply chains back into developed markets. In a survey of the bank's analysts, who collectively cover 3,000 firms, Bank of America found that firms in over 80% of 12 global sectors have begun reshoring their supply chains.
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