Company/Division name | Smiley Monroe |
Parent company | Smiley Monroe Holdings Ltd |
Type of work | Manufacturing |
If manufacturing, is the company an OEM? | Yes |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2020 |
Year reshoring implemented or to be implemented: | 2020 |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | Ireland |
City reshored to: | Franklin |
State(s) reshored to: | KY |
If relevant, work nearshored to: | - |
Industry(ies): | Machinery, Plastic & Rubber Products |
Product(s) reshored | conveyor belts and Zip Clip replacement belts |
What non-domestic negative factors made offshoring less attractive? | Delivery, Loss of control, Quality/rework/warranty, Supply chain interruption risk/Natural disaster risk/Political instability |
What domestic positive factors made reshoring more attractive? | Customer responsiveness improvement, Higher productivity, Infrastructure, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market |