What steps have U.S. firms taken to regain a competitive edge in the global marketplace?

U.S. firms have adopted several strategies to regain a competitive edge in the global marketplace, including investing in innovation and technology to enhance productivity and efficiency. Many companies are focusing on sustainability and corporate social responsibility to appeal to environmentally-conscious consumers. Additionally, firms are leveraging data analytics and Artificial Intelligence to better understand market trends and consumer preferences. Finally, there has been a push towards reshoring and diversifying supply chains to mitigate risks and reduce dependencies on foreign markets.