Company/Division name | Thinklabs |
Parent company | IIT-B |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Reshoring |
Year reshoring announced: | 2014 |
Year reshoring implemented or to be implemented: | 2014 |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | China |
City reshored to: | Centennial |
State(s) reshored to: | CO |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment/Appliances/Components, Medical Equipment/Supplies |
Product(s) reshored | Thinklabs One stethoscope |
What non-domestic negative factors made offshoring less attractive? | Difficulty of innovation/product differentiation |
What domestic positive factors made reshoring more attractive? | 3D Printing/Additive Manufacturing, Manufacturing/engineering joint innovation (R&D), Re-design of the part, Skilled workforce availability/training |