Politics and COVID driving manufacturing back to the US, says Avid

URLhttps://bioprocessintl.com/bioprocess-insider/glob
SourceBioProcess International
Date Published12/07/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Type of work Manufacturing
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Reshoring
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
City reshored to:Myford
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Chemicals, Biotechnology
Product(s) reshoredcommercial biologics API, small molecules
What non-domestic negative factors made offshoring less attractive?Strained offshore relationships, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, Other, Covid-19
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