Two Projects Bringing 700 Jobs, $512M In Investment To Greenville, NC

URLhttps://businessfacilities.com/2020/12/two-project
SourceBusiness Facilities
Date Published12/09/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Thermo Fisher Scientific Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):500
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):500
City reshored to:Greenville
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredmedicines, therapies, and vaccines
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?Lead time/Time to market, Proximity to customers/market
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