Reindustrialize

STARTUPS AND SMBs: If you're actually building things, we saved you a seat at Reindustrialize 3.0. 70% off. Limited. Curated. APPLY: https://lnkd.in/esJYMEMy

REINDUSTRIALIZE 3.0 WAITLIST NOW OPEN We're bringing together the founders, operators, investors, and policymakers working to rebuild America’s industrial base in one of the historic centers of American production. Join the waitlist to stay updated as we release speakers and programming: https://lnkd.in/gmuRYvPs

Reindustrialize 3.0 will be back at Hudson's Detroit. See you there.

Reindustrialize 3.0 06.16.26-06.17.26

Our friends at the New American Industrial Alliance are looking for exceptional executive talent. If you're passionate about America and Reindustrialization, with a strong track record of building relationships in DC and across industrials, check them out.

"Billions and billions of defense contracts could vanish, based on this [supply chain] dependency." Altana CEO Evan Smith sobered our audience in Detroit with the reality of how second and third tier Defense suppliers source from overseas. The clock is ticking to 2027...

Many multi-stage firms claim an interest in Reindustrialization and have emerging Build programs. Here’s a list of (some) of the most potent opportunities we’ve seen at this intersection: > grid scale transformer production > machine tooling + “the machines that build the machines” > superconducting power lines > critical mineral extraction > forging and castings > incept in the mind of the emerging workforce that manufacturing is high status Let’s also be clear that there are strong structural and policy headwinds against all of these developing domestically. Among other important factors, costs incurred to satisfy increasingly onerous permitting and regulatory requirements drove production out of America. At the time, maybe the trade offs were worth it. That doesn’t mean the calculus remains the same today. It will take strong will and unreasonable levels of risk taking for both builders and funders. It will require strong policy advocacy in DC. But as an old senior executive boss of mine used to say “is the roadblock policy or physics? Policy I can change.” It’s clear physics isn’t the roadblock - since other places are feeding our demand. If we’re serious about Reindustrialization, we have to get the foundation right. Until we do, we’re just addressing the symptoms.

Up to 120GW of new power will need to come online by 2030 to feed insatiable demand. Former Air Liquide America's CEO Mike Graff opened the Reindustrialize 2.0 Energy Dominance track making the case for energy abundance - and the rise of nuclear power. Winning is a choice.

Some things (non-exhaustive) we've learned about Reindustrialization over the past 18 months, sourced from formal and casual convos with Builders of all types, Funders, and Policymakers: Three things going well: > Deep, bi-partisan, nationwide excitement at the prospect of regaining American industrial strength, and a widespread understanding that that supply chain brittleness is a huge national security risk > Increased funding from public and private capital sources across debt, private equity, and venture capital for manufacturing capabilities > A realization that energy (production, transmission, and distribution) must be unleashed to fuel the movement, requiring rethinking domestic permitting and regulatory frameworks Three things not going well: > In the shadows, long-standing small and medium domestic manufacturers continue to struggle, with more silently closing up shop every week > Capital is struggling to figure out the right risk-reward balance. Debt, PE, and VC all have their shortcomings in filling the investment gap while still making a return for investors that is competitive with other options > While a lot of effort is focused on readily apparent end-product domestic production, there are still deep gaps in allied / American sourced raw materials and tooling capabilities to make all the things. Some top of mind questions: > It took 40+ years to get to this point...how long will it take to climb back, and is there the societal and political will over the long term to see this through? > How big of a role should the US government play in picking winners and losers in critical industries vs. creating a more lassie faire ecosystem that lets our innovators figure out organic solutions? > Will automation solve skilled worker shortages in whole or part, and if not, can we entice the next generation to build with their hands en masse? > Is the current energy sustainable and enduring or just a mimetic fad? If the latter, what can be done to ensure it's longer lasting? Keep sending us your input on what's happening on the ground. We - and many others - are listening.