Why Reshoring May Be Good for Small Businesses

SourceBank of America
Date Published10/01/2014
Author NameMatt Krumrie
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Core Products International Inc.
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Reshoring
Year reshoring announced:2012
Year reshoring implemented or to be implemented:2012
Offshore, work was done:In-house
Domestically, the work will be done:In-house
Country(ies) from which reshored:Mexico
City reshored to:Osceola, Chetek
State(s) reshored to:WI
If relevant, work nearshored to:-
Industry(ies):Apparel/Textiles, Medical Equipment/Supplies
Product(s) reshoredOrthopedic Soft Goods and Supports
What non-domestic negative factors made offshoring less attractive?Freight cost, Rising wages, Travel cost/time
What domestic positive factors made reshoring more attractive?Automation/technology, Skilled workforce availability/training
Mentions use of TCO or similar concept?Yes
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