That reference to the notion, common then, that Scots were stingy, ironically served 3M well during the Depression, when Scotch cellophane tape became a symbol of thrift and do-it-yourself mending.

3M stock (NYSE: MMM) currently trades around $128 per share, roughly 15% below its pre-inflation shock highs of $150 seen in June 2021. This performance aligns with that of its peer – Honeywell ...