05/05/2026
H&M May 2026 Industrial Brief
The companies that have been analyzing U.S. production for the past two years are done analyzing.
They have board alignment. They have made the decision. Now they need to build the right facility the first time, on a schedule that holds, with a cost estimate that does not come apart in the field.
In our May Industrial Brief, we look at what is driving industrial capital decisions right now and what it takes to execute them well, including:
-Why the U.S.-EU Turnberry trade framework being in motion, but
not yet implemented, is still a reason to move
-What the July 1 USMCA review means for European manufacturers
evaluating U.S. site locations this summer
-How integrated design-build eliminates the gap between what is
designed and what the field actually requires
-What European manufacturers consistently underestimate about
their first U.S. facility, and when it needs to be addressed
The projects being defined in May will break ground in 2027. The relationships being built now determine who is in the room when those decisions are made.
Full article below.
Executive Introduction Something worth paying attention to is happening in the industrial capital market right now, and it is less visible than the headline numbers suggest. The past twelve months have been defined by tariff policy: steel and aluminum at 50% under Section 232, a broad U.