Company/Division name | Packet Digital |
Parent company | Packet Digital |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2024 |
Capital investment ($): | 11 |
City reshored to: | Fargo |
State(s) reshored to: | ND |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | Batteries for drone, EVs, and aurospace |
What non-domestic negative factors made offshoring less attractive? | Regulatory compliance, Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Geopolitical Risk, Govt. Policy and subsidies, Image/brand, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, IRA |