Corning aims to cut fiber lead times by adding manufacturing capacity

URLhttps://www.fiercetelecom.com/telecom/corning-aims
SourceFierce Telecm
Date Published04/25/2022
Author NameDiana Goovaerts
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Corning
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):150
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredfiber optics
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, Under-utilized capacity
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