Company/Division name | New Balance |
Parent company | New Balance |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2022 |
Offshore, work was done: | In-house |
City reshored to: | Methuen |
State(s) reshored to: | MA |
If relevant, work nearshored to: | - |
Industry(ies): | Apparel & Textiles |
Product(s) reshored | sports footwear |
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? | , war |