Company/Division name | Festo U.S |
Parent company | Festo |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2022 |
Country(ies) from which reshored: | Germany |
City reshored to: | Mason |
State(s) reshored to: | OH |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components, Transportation Equipment |
Product(s) reshored | valve terminals, gantry robots, robotic surgical |
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, Lead time/Time to market, Skilled workforce availability/training, Under-utilized capacity, Other, Covid |