Markets · 14 January 2026 · 7 min read
The Quiet Reindustrialisation
Supply chains are being rebuilt for resilience rather than pure cost. The investment consequences are only beginning.
By DCD Capital
For three decades, industrial strategy optimised for cost. That single objective produced remarkable efficiency and an equally remarkable fragility.
The rebuild now under way is more expensive and more distributed. It requires new facilities, new supplier relationships and considerable capital in unglamorous places.
Unglamorous is often where returns live. Businesses with genuine engineering capability and regional proximity to customers are being revalued by the market, slowly.
We invest where change creates opportunity.