Peloton to invest $400 million to build its first U.S. manufacturing facility in Ohio

URLhttps://www.cnbc.com/2021/05/24/peloton-to-invest-
SourceCNBC
Date Published05/24/2021
Author NameLauren Thomas
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Peloton Interactive, Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):2000
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):400
City reshored to:Troy Township
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredcycles, high-end treadmill machines
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Proximity to customers/market
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