Reshoring improves service while reducing supply chain risk

SourceChicago Daily Herald
Date Published10/01/2023
Author NameDaniel Harms

Additional Reshoring Information:

Company/Division name Optimus
Parent companyOptimus
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2021
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredFasteners
What non-domestic negative factors made offshoring less attractive?Quality/rework/warranty, Supply chain interruption
What domestic positive factors made reshoring more attractive?Better Control of Process/Delivery/Factory, Customization/Flexibility, Geopolitical Risk, Infrastructure, Lead time/Time to market, Proximity to customers/market, U.S. price of natural gas/chemicals/electricity
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