How One CEO Found A Way To Reshore—Profitably

URLhttps://chiefexecutive.net/how-one-ceo-found-a-way
SourceChief Executive
Date Published04/01/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Oransi
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):100
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Country(ies) from which reshored:China
City reshored to:Radford
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredindoor air purification products
What non-domestic negative factors made offshoring less attractive?Rising wages
What domestic positive factors made reshoring more attractive?Automation/technology, Image/brand, Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training
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