Company/Division name | ParkTool |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 26 |
Offshore, work was done: | Outsourced |
Domestically, the work will be done: | In-house |
Capital investment ($): | Hundreds of thousands |
Country(ies) from which reshored: | China |
City reshored to: | St. Paul |
State(s) reshored to: | MN |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
What non-domestic negative factors made offshoring less attractive? | Freight cost, Lead time/time to market, Quality/rework/warranty |
What domestic positive factors made reshoring more attractive? | Manufacturing/engineering joint innovation (R&D), Re-design of the part |
Mentions use of TCO or similar concept? | Yes |