Bringing manufacturing back from China was key to this tech innovation

SourceDenver Business Journal
Date Published11/17/2014
Author NameGreg Avery
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Thinklabs
Parent companyIIT-B
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Reshoring
Year reshoring announced:2014
Year reshoring implemented or to be implemented:2014
Domestically, the work will be done:In-house
Country(ies) from which reshored:China
City reshored to:Centennial
State(s) reshored to:CO
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment/Appliances/Components, Medical Equipment/Supplies
Product(s) reshoredThinklabs One stethoscope
What non-domestic negative factors made offshoring less attractive?Difficulty of innovation/product differentiation
What domestic positive factors made reshoring more attractive?3D Printing/Additive Manufacturing, Manufacturing/engineering joint innovation (R&D), Re-design of the part, Skilled workforce availability/training
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