When Sterling Infrastructure Inc. Chief Executive Officer Joe Cutillo first started telling Wall Street that factories would return to the US, everybody thought he was crazy. “The first fifteen years of my career were more about consolidation. Moving manufacturing to Mexico or Asia or to Eastern Europe,” Cutillo said in an interview. “It is truly the first time in my life I’ve seen stuff coming back.” American firms’ mentions of nearshoring, reshoring and onshoring — synonyms for moving manufacturing back or closer to a company’s home country — grew by an average of 216% year over year since the start of 2022, data compiled by Bloomberg showed. That’s as private companies announced $516 bi
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