Vanguard buys former Drexel plant in North Carolina

SourceFurniture Today
Date Published01/11/2022
Author NameBobby Dalheim
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Vanguard Furniture
Parent companyVanguard Furniture
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):150
Year reshoring announced:2022
City reshored to:Morganton
State(s) reshored to:NC
If relevant, work nearshored to:-
Product(s) reshoredfurniture
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?Eco-system synergies, Infrastructure, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Raw Materials Cost, Skilled workforce availability/training, Under-utilized capacity
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