Abbott to Expand US Manufacturing as Tariffs Loom

URLhttps://www.bloomberg.com/news/articles/2025-04-16
SourceBloomberg
Date Published04/16/2025
Author NameMadison Muller

Additional Reshoring Information:

Company/Division name Abbott
Parent companyAbbott Laboratories
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):200
Year reshoring announced:2025
Capital investment ($):250
State(s) reshored to:IL
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredmedical device
What non-domestic negative factors made offshoring less attractive?Tariffs
What domestic positive factors made reshoring more attractive?Manufacturing/engineering joint innovation (R&D), Proximity to customers/market
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