Company/Division name | Polar Racking |
Parent company | Polar Racking |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2023 |
City reshored to: | Michigan and Florida (towns not listed) |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Fabricated Metal Products |
Product(s) reshored | solar mounting solutions |
What non-domestic negative factors made offshoring less attractive? | Freight cost, Quality/rework/warranty, Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Better Control of Process/Delivery/Factory, Eco-system synergies, Govt. Policy and subsidies, Higher productivity, Impact on domestic economy, Infrastructure, Lead time/Time to market, Proximity to customers/market, IRA - taken advantage by their customers |