3 Stocks to Watch as U.S. Reshoring Rewires Supply Chains

Global supply chains are being rewired in real time as fresh U.S. tariffs on China, record weapons deals, and a push to secure chips and critical minerals reshape where factories, data centers, and defense projects get built. That shift is creating potential winners and losers. This article zooms in on three stocks exposed to these policy shocks, showing how each could be helped by the reshoring and nearshoring wave.

The three stocks below are just a small sample of the reshoring and nearshoring angle. The wider screen surfaced around 70 more companies with equally compelling supply chain narratives that are not covered here. If you want to hunt for your own highest conviction ideas in this theme, head straight to the U.S. & Allied Reshoring and Nearshoring Beneficiaries screener to identify, filter, and analyze potential U.S. and allied reshoring beneficiaries.

RXO (RXO)

Overview: RXO is an asset-light truck brokerage that connects shippers with carriers across the U.S., Canada, Mexico, and selected global routes, giving direct exposure to nearshoring freight flows.

Operations: RXO generates around US$6.1b in truckload-focused transportation revenue, with roughly US$5.7b coming from customers in the U.S. and the remainder overseas.

Market Cap: US$3.3b

RXO matters for this reshoring and nearshoring theme because it effectively sits on the rails of North American trade, where every incremental factory shift or tariff tweak can funnel more freight through its network.

"RXO's relentless investment in AI-powered, proprietary digital freight-matching technology is rapidly boosting employee productivity (up 45% in two years) and driving operating leverage; as digital adoption accelerates in logistics, this may support margin and EBITDA growth, making current valuation disconnect notable."

What happens to RXO’s margins if a single key assumption about future cross-border freight intensity or pricing power fails to materialize?

If that freight intensity call matters to your thesis, read the full narrative for RXO to see how RXO’s AI engine could compound or cap the upside.

Corning (GLW)

Overview: Corning produces specialty glass, ceramics, and fiber-based materials that feed U.S. and allied advanced manufacturing, telecom, automotive, and life sciences supply chains.

Operations: Corning generates about US$7.3b from Optical Communications and US$1.8b from Automotive, with a large segment adjustment of US$8.5b.

Market Cap: US$137.6b

Corning matters for this reshoring theme because it supplies the glass and fiber infrastructure that turns onshore manufacturing plans into working telecom, display, and AI systems.

"Corning and Meta agreed to a multiyear fiber supply deal valued at up to US$6b to support U.S. AI data center infrastructure, highlighting the role of glass fiber in high performance computing networks."

What happens to Corning’s earnings power if a single assumption about long term AI data traffic and capacity needs proves too cautious?

If that upside risk is on your mind already, read the full narrative for Corning to see how Corning’s AI demand story could be accelerating under the surface.

Plexus (PLXS)

Overview: Plexus provides electronic manufacturing services for complex products, pairing design and production for aerospace, healthcare, and industrial clients across U.S. and allied markets.

Operations: Plexus generates about US$2.6b of revenue in Asia-Pacific, US$1.5b in the Americas, and US$463m across Europe, the Middle East, and Africa.

Market Cap: US$7.0b

Plexus matters for this reshoring and nearshoring theme because its U.S. and allied factory footprint offers customers an alternative to China centric electronics production just as tariffs, export controls, and security concerns push programs toward more trusted regions.

"Plexus is capitalizing on the growing demand for advanced electronics manufacturing fueled by digital transformation, IoT expansion, and emerging technologies like AI and connected vehicles, as reflected in a robust pipeline of new program wins across high-growth sectors. This trend could support a larger addressable market over time."

The real swing factor for Plexus is what happens to profitability if one pressure point on program mix shifts faster than expected.

That pressure point is exactly where the story gets interesting, and the full narrative for Plexus maps how Plexus could see earnings power accelerate or stall as program mix shifts.

Seeking Alternatives Before The Crowd?

Fresh themes keep breaking out while yesterday’s ideas stall. Screens help you spot momentum shifts while it still matters and before stories get crowded. Act now.

• Track where capital may be flying next by scanning 30 high quality undervalued stocks that pair robust balance sheets with compressed expectations before the market fully catches on.
• Spot future automation leaders early by reviewing 94 robotics and automation stocks quietly building recurring demand around factories, warehouses, and next generation industrial systems.
• Follow the data center buildout as it unfolds by using 85 AI infrastructure stocks focused on hardware, power, and backbone providers while they still sit under the radar for now.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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