Lilly gearing up for 'substantial expansion' of diabetes med manufacturing by 2025

URLhttps://www.fiercepharma.com/manufacturing/lilly-g
SourceFierce Pharma
Date Published12/06/2022
Author NameKevin Dunleavy
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Eli Lilly and Company
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):600
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Capital investment ($):1000
City reshored to:Concord
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshored diabetes drugs for Type 2 diabetes
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?Lead time/Time to market, Under-utilized capacity
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