Fearing leaked trade secrets, Rensselaer company halts plan to move manufacturing to China

URLhttps://www.timesunion.com/business/article/Rensse
SourceTimes Union
Date Published01/09/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name StemCultures
Type of work Manufacturing
Reshoring category:Kept from Offshoring
Year reshoring announced:2022
Domestically, the work will be done:In-house
Country(ies) from which reshored:China
City reshored to:Rensselaer
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredcell growth factors
What non-domestic negative factors made offshoring less attractive?Intellectual property risk
What domestic positive factors made reshoring more attractive?Government Incentives
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