‘Ordinary’ but exceptional: firms leading the US’s infrastructure renaissance

This podcast episode of "Short Briefings on Long Term Thinking" features an interview with Michael Taylor, an investment manager, who discusses the significant growth opportunities arising from the US's infrastructure revitalization plans. He highlights the appalling state of US infrastructure, evidenced by a C- grade from the US Society of Civil Engineers, and emphasizes the bipartisan recognition of the need for renewal due to its impact on daily American life and national security. Taylor points out that while infrastructure problems exist globally, the US faces a particularly acute situation, especially with the push to bring manufacturing back onshore. He also shares specific investment opportunities in companies like Advanced Drainage Systems, which provides plastic drainage solutions, and Stella-Jones, a wooden pole supplier, as well as Martin Marietta Materials, an aggregates producer, illustrating how these companies are poised to benefit from the infrastructure boom and the increasing demand for sustainable and efficient solutions.