Deindustrialization: Opportunity or Threat?

In this episode, Brian examines the phenomenon of deindustrialization and discusses its implications on global economies. Brian provides an overview of the concept and its impacts, including increased energy prices, disrupted global supply chains, and the need for European producers to adapt their cost structures quickly. He then dives into how these factors have impacted Germany, one of the largest economies in the world. We also discuss the potential for reshoring manufacturing jobs to the United States, with a focus on the Midwest region. [00:01 - 00:59] Opening Segment[01:00 - 07:15] Examining the Impact of De-Industrialization and Reshoring Manufacturing in the Global EconomyDe-industrialization is a long-term decline in the output of manufactured goods De-industrialization is a natural outcome of the maturation of industry, technology, and productivityOver the past 25 years, employment in manufacturing has fallen dramatically in advanced economiesGermany made a risky bet on cheap energy from Russia and consumer demand from ChinaThe location of manufacturing will shift due to deindustrialization, de-globalization, depopulation, and decouplingReal estate, industrial infrastructure, and transportation infrastructure in place to nearshore/restore a large portion of manufacturing back to the US[07:16 - 07:55] Closing SegmentQuotes:"Deindustrialization is neither good nor bad. It's just this concept that we have to understand a little bit better." - Brian AdamsConnect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.