US Seeks Shift in Global Supply Chains: Companies Urged to Prioritize Domestic Production

US Commerce Secretary Lutnick Highlights Shift in Investment Narrative

At the SelectUSA Investment Summit 2026, US Commerce Secretary Howard Lutnick announced that the administration is witnessing a significant shift away from cost-driven outsourcing towards domestic production and market access. This shift is driven by the growing recognition that the largest consumer market exists in the United States.

Addressing a plenary session of global CEOs, investors, diplomats, and policymakers, Lutnick emphasized that investor interest in the country is at unprecedented levels, with companies from more than 100 countries participating. The administration is encouraging companies seeking access to the US market to manufacture locally, with the goal of "Build in America."

To support investors, the Department of Commerce has launched an "Investment Accelerator" to fast-track approvals and assist with land, infrastructure, and workforce needs. This initiative is part of the administration's renewed push for domestic manufacturing and supply chains.

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The United States has reaffirmed its position as a leading global investment destination at the summit, with officials highlighting strong policy support, rising capital inflows, and a renewed push for domestic manufacturing and supply chains. Lutnick credited Donald Trump's policies for positioning the country as a top destination for investment, manufacturing, innovation, and job creation.

According to Lutnick, the global narrative has shifted from questioning why to invest in the US to how quickly companies can enter the market. The administration is working with partners, including Japan, South Korea, the European Union, Taiwan, and Gulf countries, to strengthen supply chains.

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The SelectUSA Investment Summit continues to play a key role in facilitating investments, with officials noting that the 2025 edition resulted in a record $139 billion in deals. The administration is urging global investors to move quickly on investment decisions, with Lutnick stating, "The United States is open for business."