A plan to invest more in America from two Twin Cities investors April 3, 2021 8:00am Text size Copy shortlink:
Shannon O Leary, chief investment officer of the St. Paul & Minnesota Foundation, was thinking about the vulnerability of supply lines for American companies before COVID-19 swept the world a year ago.
O Leary has increased investment in U.S. manufacturing and distribution companies, such as Fastenal, C.H. Robinson and Ecolab, and taken other steps to guard against risks from globalization that seem increasingly apparent.
Two examples of those risks made big headlines recently. One is that U.S. automakers are closing plants that can t get enough semiconductors from Asia. And another is the disruption in the Suez Canal from a tanker that was stuck for nearly a week.