Reshoring M&A Wave: $320B in Supply Chain Acquisitions Reshape Global Trade
bIAnk AI Research · February 2026 · 7 min
Companies have deployed $320B on reshoring and nearshoring acquisitions since 2023, fundamentally altering global supply chain architecture and creating new M&A corridors.
The reshoring revolution is no longer a trend—it is a structural shift. Companies have spent over $320 billion on supply chain-related acquisitions since 2023, buying manufacturing capacity, logistics networks, and critical component suppliers in home or allied markets.
Mexico has emerged as the biggest beneficiary, with nearshoring-driven M&A volume reaching $42 billion in 2025. US manufacturers are acquiring Mexican plants to maintain tariff-advantaged access while reducing dependence on Chinese suppliers.
The semiconductor sector exemplifies the trend. Driven by the CHIPS Act and European Chips Act, chipmakers and their suppliers have announced over $80 billion in new manufacturing investments, many structured as JVs or acquisitions of existing facilities.
For dealmakers, reshoring M&A requires different skills. Targets in emerging manufacturing hubs often lack the financial sophistication and governance standards expected by institutional buyers, requiring extensive operational due diligence.
The second-order effects are equally significant. As companies move production closer to end markets, logistics providers, industrial automation companies, and workforce training firms are seeing premium valuations in competitive processes.
Key takeaways
- $320B deployed on reshoring/nearshoring acquisitions since 2023
- Mexico M&A volume hit $42B in 2025, driven by US nearshoring demand
- Semiconductor reshoring alone accounts for $80B+ in announced investments
- Second-order targets (logistics, automation) commanding premium valuations