Company/Division name | Otis |
Parent company | Otis |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 360 |
Year reshoring announced: | 2011 |
Country(ies) from which reshored: | Mexico |
City reshored to: | Florence |
State(s) reshored to: | SC |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment/Appliances/Components, Machinery |
Product(s) reshored | elevators |
What non-domestic negative factors made offshoring less attractive? | Freight cost, Inventory, Rising wages, Other, logistics costs |
What domestic positive factors made reshoring more attractive? | Automation/technology, Customer responsiveness improvement, Eco-system synergies, Manufacturing/engineering joint innovation (R&D), Other, close to market |
Mentions use of TCO or similar concept? | Yes |