New Balance Invests $20 Million in Fifth New England Factory

URLhttps://www.thomasnet.com/insights/new-balance-inv
SourceThomasNet
Date Published04/11/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name New Balance
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):90
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):20
City reshored to:Methuen
State(s) reshored to:MA
If relevant, work nearshored to:-
Industry(ies):Apparel & Textiles
Product(s) reshoredfootwear
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?Customer responsiveness improvement, Impact on domestic economy, Lean/other business process improvement techniques, Skilled workforce availability/training
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