Company/Division name | Samsung Biologics |
Parent company | Samsung Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Country(ies) from which reshored: | Korea, Democratic People's Republic of |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | biopharmaceutical Contract Development |
What domestic positive factors made reshoring more attractive? | Higher productivity, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market |