COVID-19 Drives Industry 4.0 - and Reshoring

URLhttps://www.sme.org/technologies/articles/2021/aug
SourceSME
Date Published08/30/2021
Author NameHarry Moser

Additional Reshoring Information:

Company/Division name Premier Plastics Inc.
Reshoring category:Kept from Offshoring
Total number of jobs (added or to be added):6
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Capital investment ($):1
City reshored to:Salt Lake City
State(s) reshored to:UT
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
What domestic positive factors made reshoring more attractive?Automation/technology, Higher productivity, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D)
Mentions use of TCO or similar concept?Yes
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