Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2021 |
Domestically, the work will be done: | In-house |
City reshored to: | Richmond |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Chemicals |
Product(s) reshored | active pharmaceutical ingredients, essential meds |
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, Customization/Flexibility, Eco-system synergies, Government Incentives, Higher productivity, Impact on domestic economy, Manufacturing/engineering joint innovation (R&D), essential product |
Government Incentive dollar amount: | partnership |