Rising costs, tariffs, COVID-19 and Mexico have cut into Chinese imports

SourceAutomotive News
Date Published08/03/2020
Author NameAlexa St. John
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Hyundai Mobis
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Reshoring
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Country(ies) from which reshored:Korea, Republic of
City reshored to:Guanajuato
State(s) reshored to:Mexico
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products, Transportation Equipment, vehicle assembly
Product(s) reshoredexterior car parts
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability , Tariffs
What domestic positive factors made reshoring more attractive?, Tariffs, Trump
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