With fresh talk of a new 7.5% U.S. tariff on what are labelled underpriced Chinese goods, many global supply chains face another round of rewiring. That kind of policy shift can steer production closer to North America and change which stocks may be affected by nearshoring and reshoring themes. This article walks through 3 stocks exposed to this news and explains why each might deserve a closer look on your watchlist.

The 3 stocks below are a starting sample from this tariff and nearshoring angle. The full screen surfaced 67 more companies with equally compelling narratives that are not covered here. To identify and analyze the rest of this group, head straight into the U.S.-Listed Nearshoring and Reshoring Manufacturing Beneficiaries screener.

Sanmina (SANM)

Overview: Sanmina is an integrated electronics manufacturing services company that designs, builds, and services complex hardware systems for original equipment manufacturers, with a heavy focus on North American plants that fit neatly into nearshoring and reshoring themes. Its offering spans product design, circuit boards, full system assembly, logistics, and after-market repair across sectors such as industrial, medical, defense, automotive, communications networks, and cloud infrastructure.

Operations: Sanmina generates most of its revenue from Integrated Manufacturing Solutions at about US$11.0b, with a further US$1.9b from Components, Products and Services, and a sizable share of its sales tied to U.S. and Mexico operations that connect directly to North American supply chain regionalization.

Market Cap: US$10.1b

Sanmina provides direct exposure to the shift toward regional electronics manufacturing, with large U.S. and Mexico facilities that customers already discuss as options when tariffs and trade rules change. Analysts highlight revenue visibility supported by acquisitions such as ZT Systems and by demand tied to AI data centers, cloud infrastructure, and complex industrial hardware, which is expected to influence scale and margins over time. At the same time, customer concentration, a recent large one-off loss, and reliance on external borrowing mean execution and cash discipline remain important considerations. If Sanmina continues to convert nearshoring interest into long-term, higher-value contracts, the combination of growth potential, scale, and a North American footprint may not be fully reflected in the current share price.

Sanmina’s nearshoring scale, ZT Systems deal and AI hardware exposure could be masking a much bigger story for margins and cash flow. Walk through the full context in the full narrative for Sanmina

Flex (FLEX)

Overview: Flex is a large contract manufacturing and supply chain partner that builds and designs hardware for customers across data centers, communications, automotive, healthcare, industrial and consumer products, with a big focus on regionalized manufacturing in the Americas that fits directly into nearshoring and reshoring plans away from China. It offers end to end services through its Integrated Technology Solutions, Regulated Manufacturing Solutions and Cloud and Power Infrastructure segments, covering everything from complex networking gear and medical devices to AI ready power and cooling systems for high density data centers.

Operations: Flex generates revenue broadly across three segments, with about US$11.6b from Integrated Technology Solutions, US$10.5b from Regulated Manufacturing Solutions and US$7.2b from Cloud and Power Infrastructure.

Market Cap: US$40.8b

Flex is one of the clearest nearshoring plays in electronics manufacturing, with large U.S. and Mexico facilities and contract structures that management expects to treat tariffs mainly as pass through costs rather than a direct hit to margins. Its Cloud and Power Infrastructure segment is tightly linked to AI data centers, where Flex supplies high value power and liquid cooling systems. A planned spin off is aimed at giving that business its own focus and capital structure. At the same time, thin margins, high reliance on a handful of big data center customers and a balance sheet built on external borrowing mean any stumble in demand or in house moves by clients could hurt. For investors seeking exposure to North American reshoring and AI hardware in a single company, Flex offers a combined way to access both themes.

Flex’s nearshoring footprint and AI focused Cloud and Power Infrastructure spin off plan could be masking the real story. See how contracts, margins and customer concentration line up in the analysis report for Flex

Schneider National (SNDR)

Overview: Schneider National is a U.S. based trucking, intermodal and logistics company that moves freight across the United States, Canada and Mexico, making it a key link for manufacturers that are shifting production and suppliers closer to North America. It runs truckload fleets, rail based intermodal containers and asset light brokerage and warehousing so customers can move nearshored goods door to door on a single logistics platform.

Operations: Schneider National generates most of its revenue from Truckload at about US$2.5b, supported by US$1.3b from Logistics, US$1.1b from Intermodal and about US$700m from fuel surcharges, with smaller contributions from other activities and inter segment eliminations.

Market Cap: US$6.3b

Schneider National is relevant for investors who want exposure to nearshoring without selecting individual factories, since it provides the trucks, rail partnerships and cross border services that keep U.S., Canada and Mexico production connected. Management has been focusing on technology, cost reductions and a larger mix of intermodal and dedicated contracts to improve efficiency and smooth earnings through the freight cycle. Recent reports mention tighter truckload capacity, double digit contract repricing and raised 2026 guidance. On the other hand, profitability has been thin, the company uses external borrowing and analysts still flag regulatory and pricing pressure as key risks. If freight volumes tied to North American sourcing continue to develop, the difference between that role and Schneider’s current margins is an important area for investors to evaluate.

Schneider National’s freight role in nearshoring may be bigger than the recent headlines suggest, especially with 2026 guidance already raised. See how that story lines up against the analyst forecasts for Schneider National and where the real pressure point could emerge next.

Seeking Fresh Alternatives Beyond These Stocks

Fresh ideas move fast. Some stocks are building quiet breakout momentum while the crowd looks elsewhere. Catch them while the data is still under the radar for now and consider acting before attention shifts.

• Spot companies with strong balance sheets before the crowd focuses on them by running the list of solid balance sheet and fundamentals (51 results) and seeing which stories still look early.
• Explore early price and earnings trends by checking out the 49 high quality undervalued stocks and tracking which opportunities could be flying under most investors’ filters today.
• Target resilient income streams by scanning the 12 dividend fortresses and reviewing which high yield stocks might be moving into an attractive range right 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.