Schneider Electric Invests $40 Million to Strengthen U.S. Supply Chain

URLhttps://www.prnewswire.com/news-releases/schneider
SourcePRNewswire
Date Published11/10/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Schneider Electric
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):130
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Country(ies) from which reshored:France
City reshored to:Lexington
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, power/electricity infrastructure
Product(s) reshoredEcoStruxure solutions
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Automation/technology, Skilled workforce availability/training, Other, covid-19
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