Covid Shortages: Supply Chains Must Become Less Efficient

URLhttps://www.forbes.com/sites/suzytaherian/2020/05/
SourceForbes
Date Published05/12/2020
Author NameSuzy Taherian
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name FCP Euro
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
City reshored to:Milford
State(s) reshored to:CT
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredautomotive parts retailer
What non-domestic negative factors made offshoring less attractive?Inventory, Supply chain interruption risk/Natural disaster risk/Political instability , Travel cost/time
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Lead time/Time to market, Proximity to customers/market, covid-19
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