Smiley Monroe opens first US production center

URLhttps://www.pitandquarry.com/smiley-monroe-opens-f
SourcePit&Quarry
Date Published08/17/2020
Author NameSarah Peecher
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Smiley Monroe
Parent companySmiley 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) reshoredconveyor 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
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