Reshoring of US manufacturing is poised to surge 38% year over year, the highest annual number to date

URLhttps://unionwear.com/news-and-press/reshoring-of-
SourceUnionwear
Date Published05/27/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Westec Plastics Corporation
Parent companyWestec Plastics Corporation
Type of work Manufacturing
Reshoring category:Reshoring
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
City reshored to:Livermore
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredinjection molding
What non-domestic negative factors made offshoring less attractive?Delivery, Freight cost, Price, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Impact on domestic economy
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