Company/Division name | HIA Velo |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 25 |
Year reshoring announced: | 2016 |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | Canada |
City reshored to: | Little Rock |
State(s) reshored to: | AR |
If relevant, work nearshored to: | - |
Industry(ies): | Hobbies (subset of Miscelaneous) |
Product(s) reshored | Carbon Fiber Bicycles |
What non-domestic negative factors made offshoring less attractive? | Difficulty of innovation/product differentiation, Loss of control, Quality/rework/warranty, Supply chain interruption risk/Natural disaster risk/Political instability , Total cost, Travel cost/time |
What domestic positive factors made reshoring more attractive? | Higher productivity, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training |