Amid tariff turmoil, Novartis commits to spending $23B on US manufacturing

URLhttps://www.supplychaindive.com/news/novartis-23-b
Sourcesupply chain dive
Date Published04/11/2025
Author NameJonathan Gardner

Additional Reshoring Information:

Company/Division name Novartis
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2025
Year reshoring implemented or to be implemented:2030
Domestically, the work will be done:In-house
Capital investment ($):23
Country(ies) from which reshored:Switzerland
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredpharmaceuticals
What non-domestic negative factors made offshoring less attractive?Tariffs
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