Xometry CEO Randy Altschuler on US Manufacturing Growth, Reshoring, and Technology

Strong Demand and Financial Performance

• 📈 Xometry experienced record growth in 2024, with Q4 and Q1 showing accelerated performance.
• 💰 The company is projected to be solidly adjusted EBITDA positive this year, driven by strong demand.

Impact of Tariffs and Supply Chain Dynamics

• 🌍 While 84% of Xometry's revenue is from the US, tariffs are a concern for international customers and could influence sourcing decisions.
• ⚠️ Customers are seeking technology solutions to ensure goods can be delivered amidst tariff uncertainty.

Trend Towards Reshoring

• 🇺🇸 A significant trend towards reshoring is observed, with a majority of manufacturing CEOs indicating a leaning towards domestic production.
• 🌐 This trend is global, and Xometry's 18 local marketplaces facilitate local sourcing options for customers.

Technological Innovation in Manufacturing

• 💡 American customers are increasingly leaning on technology to ensure delivery of their goods.
• ⚙️ Xometry's marketplace, with thousands of US-based manufacturers, offers a powerful solution for these needs.

Manufacturing Job Growth and Innovation

• 🏭 The US is seeing an upward trend in manufacturing, evidenced by job creation and innovation in hardware sectors like medical devices, aerospace, and consumer goods.
• 🚀 Companies are iterating faster and bringing innovative hardware products to market, benefiting American manufacturing.