3 Stocks Riding North American Supply Chain Shifts Investors Should Watch

Trade friction between the US and Canada is no longer a background story. Tariffs on metals, manufactured goods and possibly autos are starting to reshape how products move across North America. That stress on old routes can create fresh openings for companies tied to logistics, shipping and distribution. This article walks through three stocks from our supply chain diversification screener that appear particularly affected by this new reality.

The three examples below are only a starting sample from this theme. The full screen surfaced 24 more companies with equally detailed, logistics linked stories that are not covered here. To identify and analyze the highest conviction ideas for your own watchlist, head straight to the North American Supply-Chain Diversification and Re‑Globalisation Beneficiaries screener.

Sanmina (SANM)

Sanmina plugs directly into the supply chain diversification story, offering original equipment manufacturers a way to shift production and logistics closer to end markets while keeping complex electronics manufacturing and after-market support under one roof.

Sanmina is a global manufacturing and logistics partner, with its Integrated Manufacturing Solutions arm generating about US$11.0b of revenue and Components, Products and Services adding roughly US$1.9b, backed by a roughly US$11.0b market cap that places it firmly in the mid-to-large cap bracket for this theme.

"The imminent acquisition of ZT Systems is expected to add $5 to $6 billion of annual run-rate revenue, positioning Sanmina to double its net revenue within three years and capitalize on explosive growth in data center and AI infrastructure investment; this should provide a multi-year boost to overall revenue and EPS accretion from synergies and integration."

What happens if a single cost pressure in that build out moves the margin story a few points off script is what really matters.

If that margin swing is what you care about, the full narrative for Sanmina explains how Sanmina’s AI build out, pricing power and contract mix could reshape the story.

Celestica (TSX:CLS)

Celestica is a Canadian supply chain and electronics manufacturing specialist that helps customers shift production and sourcing across regions, a useful role as trade flows between North America and the rest of the world keep being rewritten.

Celestica generates about US$3.3b from Advanced Technology Solutions and roughly US$12.3b from Connectivity and Cloud Solutions. Its market value is near CA$52.3b, placing it among the larger players in this diversification theme.

"Global customers are increasingly seeking partners with regional manufacturing diversification for supply chain resilience (Mexico, Thailand, U.S.), positioning Celestica to win expanded market share and mitigate geopolitical risks, supporting long-term revenue growth."

What matters for investors is how pressures on AI and cloud hardware programs could affect margins and contract wins.

Those margin cross-currents are exactly what the full narrative for Celestica unpacks, showing where contract mix, AI hardware demand and regional capacity could be accelerating or quietly masking risk.

Grupo Traxión. de (BMV:TRAXION A)

Grupo Traxión plugs directly into the re globalisation theme, running trucks, warehouses and people transport across Mexico for the manufacturers and exporters now rethinking how goods move around North America.

Grupo Traxión generates about MX$19.4b from Logistics and Technology, MX$11.3b from Mobility of People and MX$7.4b from Cargo Mobility, with a market value near MX$5.7b that keeps it in mid cap territory for this screen.

For investors tracking how tariff friction between the US and Canada could redirect freight volumes toward Mexico, Grupo Traxión is where the abstract trend turns into actual trucks, cross border lanes and managed logistics contracts.

"The transformational acquisition of Solistica significantly expands the company's cross-border capabilities and client base, positioning Grupo Traxión to directly benefit from the ongoing reconfiguration and regionalization of North American supply chains (i.e., nearshoring trends)."

The key question is what happens to that story if one unseen pressure on profitability does not ease as trade flows rotate.

If that pressure point is what you are trying to size, the full narrative for Grupo Traxión. de breaks down how Grupo Traxión could turn nearshoring into accelerating earnings power.

Seeking Fresh Alternatives Before Others?

Some of the sharpest breakout stories stay under the radar for now, then move fast once momentum catches. Scan these fresh sets of ideas before the window drops and aim to get in at an earlier stage.

• Track where resilient balance sheets meet solid fundamentals by scanning the curated list of solid balance sheet and fundamentals (24 results) while it still flies below most investors' screens.
• Spot potential income anchors at an earlier stage by running through the hand-picked 6 dividend fortresses before yields compress and the best options get fully caught by the crowd.
• Follow the build out of AI infrastructure by reviewing the focused 89 AI infrastructure stocks while market attention is still clustering around only a few giants.

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.

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