Company/Division name | Philips |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Unknown |
If manufacturing, is the company a contract manufacturer? | Unknown |
Reshoring category: | Transplant |
Year reshoring announced: | 2012 |
Country(ies) from which reshored: | China |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment/Appliances/Components |
What non-domestic negative factors made offshoring less attractive? | Rising wages, Raw materials costs |
What domestic positive factors made reshoring more attractive? | Automation/technology |
Mentions use of TCO or similar concept? | Yes |