Shein’s recent $99 million quarterly loss, driven largely by the removal of US import duty exemptions and new levies on low value imports, is a sharp reminder that policy shifts can quickly reshape where and how goods are made. As tariffs and taxes raise costs for imported fast fashion and other small parcels, capital can shift toward companies that manufacture, move, or support production closer to home. This article looks at 3 stocks from an Onshoring and Domestic Manufacturing screener that are directly exposed to these developments and could be positioned to benefit as global supply chains adjust.

Rusta (OM:RUSTA)

Overview: Rusta is a discount-focused home and leisure retailer with stores and online operations across Sweden, Norway, Finland and Germany, offering everything from furniture and DIY supplies to seasonal garden products, beauty items and everyday consumables.

Operations: Rusta generates most of its SEK 12.6b revenue from Sweden at SEK 7.5b, with SEK 2.7b from Norway and SEK 2.5b from Other Markets.

Market Cap: SEK 13.0b

Rusta stands out in the onshoring theme because it already runs a scale discount retail model inside Europe at a time when tariffs and new levies are raising the cost of low value imports from players like Shein. Its bonded warehouse and broader supply chain investments are designed to support cost efficient sourcing into the EU, while analysts highlight earnings growth expectations, strong ROE and improving margins. At the same time, the stock carries real risks, including reliance on external borrowing and the challenge of building profitable scale in newer markets like Germany. For investors watching how higher duties could redirect demand toward local retailers, Rusta is a company worth a closer look.

Rusta’s scale discount model within Europe, along with its bonded warehouse and supply chain spending, could be masking a deeper earnings story. See how analysts frame the upside in the analyst forecasts for Rusta before one key pressure point changes the picture.

Global-E Online (GLBE)

Overview: Global-E Online runs a direct-to-consumer cross-border e-commerce platform that helps brands sell to shoppers around the world as if they were buying locally, handling pricing, payments, duties, and compliance. Based in Israel and operating across the US, UK, EU and other markets, Global-E aims to remove much of the complexity that usually comes with international online sales.

Operations: Global-E generates its US$1.0b revenue from Internet Information Providers, with the United States contributing about US$532.9m, the United Kingdom US$199.5m, the European Union US$195.4m, and the rest from Israel and other regions.

Market Cap: US$6.1b

Global-E Online sits in the crosshairs of the new tariff rules hurting Shein. Rather than relying on cheap imports, it sells the infrastructure that helps merchants keep trading when rules change. The business has recently shifted from losses to profits, supports over US$1.0b in annual revenue, and focuses heavily on compliance and duty mitigation, including three B2C solutions that help retailers manage de minimis changes in the US and EU. At the same time, Global-E trades on a high P/E multiple, faces regulatory and competitive pressure, and has seen meaningful insider selling. For investors watching how onshoring, tariffs and cross-border compliance intersect, Global-E offers a complex story that is still unfolding.

Global-E Online’s shift from losses to profits and focus on duty mitigation tools is only half the story, and the full analysis report for Global-E Online hints at one risk reward twist most investors may be missing

Epiroc (OM:EPI A)

Overview: Epiroc develops and produces equipment, tools and digital solutions that help mining and infrastructure customers drill, blast, load, haul and reinforce rock, as well as automate and electrify their operations across regions including North America, South America, Europe, Africa, the Middle East, Asia, Australia and India.

Operations: Epiroc generates most of its revenue from its Equipment & Service segment at SEK 47.6b, with SEK 14.7b from Tools & Attachments, small contributions from Common Group Functions and a SEK 32m segment adjustment.

Market Cap: SEK 285.7b

Epiroc is tightly linked to onshoring because it supplies the heavy equipment, automation and electrification that mines and quarries need as buyers and governments push for locally produced raw materials and industrial goods. Recent quarters show solid orders, high single digit to low double digit revenue growth and margins around 20%, but the stock’s P/E sits above Swedish machinery peers and earnings still depend heavily on mining cycles and external borrowing. At the same time, a growing share of high margin aftermarket and digital services, together with new partnerships that expand autonomous and battery electric fleets, gives Epiroc potential leverage to any sustained shift toward regional supply chains and tariff driven investment, leaving investors with a more detailed picture than headline multiples alone suggest.

Epiroc’s high margin services and automation exposure could be masking where the real earnings torque sits. See how analysts map that potential in the analyst forecasts for Epiroc before one key cycle risk changes the script.

The three stocks covered here are only a starting point, as the full Onshoring and Domestic Manufacturing screener surfaced 26 more companies tied to reshoring, logistics and local manufacturing stories that could be just as compelling. Use Simply Wall St to identify and analyze the specific catalysts, balance sheet strength and onshoring narratives that matter most to you so you can focus on your highest conviction ideas.

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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.