Bosch to Invest $664 Million in North America This Year

URLhttps://www.sme.org/technologies/articles/2022/jun
Sourcesme
Date Published06/07/2022
Author NameBill Koenig
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Bosch North America
Parent companyBosch
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):10000
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):664
Country(ies) from which reshored:Germany
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredhydrogen-powered fuel cell
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?Automation/technology, Other, COVID-19
Find Reshoring Articles