Stronghold Group Announces the Manufacturing of New Medical Products in the USA

SourceBloomberg News
Date Published12/05/2022
Author NameDavid Henderson
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Stronghold Group
Reshoring category:Reshoring
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2022
Country(ies) from which reshored:China
City reshored to:Dallas ?
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredMedical gowns, gloves, products
What non-domestic negative factors made offshoring less attractive?Intellectual property risk, Loss of control, Regulatory compliance, Strained offshore relationships, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Higher productivity, Image/brand, Manufacturing/engineering joint innovation (R&D)
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