Company/Division name | Fermos |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 10 |
Year reshoring announced: | 2022 |
Year reshoring implemented or to be implemented: | 2023 |
Country(ies) from which reshored: | Canada |
City reshored to: | Rouses Point |
State(s) reshored to: | NY |
If relevant, work nearshored to: | - |
Industry(ies): | Furniture |
Product(s) reshored | Retail Fixtures |
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? | Impact on domestic economy, Proximity to customers/market, Under-utilized capacity, Proximity to Headquarters |