In 1979, the U.S. manufacturing sector thrived, employing nearly 20 million workers, accounting for about 22% of all non-farm jobs. Fast forward to 2024, and that percentage has dropped to just 8%. What caused this dramatic shift?
The COVID-19 pandemic disrupted many industries, prompting businesses to reevaluate their supply chains. How are trends like reshoring and changing demographics influencing the growth of automation and robotics?
To learn more about these developments, tune in to the latest episode of the "Outlook in Five" podcast featuring our Head of Equity Research, Low Pei Han.
