Volcon announces program to improve profitability, cash flow

URLhttps://seekingalpha.com/news/3876843-volcon-annou
SourceSeeking Alpha
Date Published08/25/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Volcon - GLC Ventures - nearshoring
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Reshoring
Year reshoring announced:2022
Offshore, work was done:Outsourced
Country(ies) from which reshored:China
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric vehicle components
What non-domestic negative factors made offshoring less attractive?Total cost
What domestic positive factors made reshoring more attractive?Higher productivity
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