EU, US reindustrialization accelerates: study


PARIS: Companies in Europe and the United States are set to plow more money into bringing manufacturing home after the Covid-19 pandemic and Russian invasion of Ukraine disrupted the global economy, a study published Thursday found.
The report by consulting firm Capgemini found that companies in 13 industrial sectors in 11 countries in Europe and the United States plan to invest $3.4 trillion over the next three years on bringing manufacturing home or to a nearby country.
That is up from $2.4 trillion in the past three years.