Company/Division name | Volvo Group North America |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 10 |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2023 |
Capital investment ($): | 33 |
Country(ies) from which reshored: | China,Sweden |
City reshored to: | Hagertown |
State(s) reshored to: | MD |
If relevant, work nearshored to: | - |
Industry(ies): | Transportation Equipment |
Product(s) reshored | Vehicle Propulsion Lab (R&D) |
What non-domestic negative factors made offshoring less attractive? | Quality/rework/warranty |
What domestic positive factors made reshoring more attractive? | Lead time/Time to market, Manufacturing/engineering joint innovation (R&D) |