Why We’re Reshoring Our Manufacturing: A CEO’s View

SourceIndustry Week
Date Published11/03/2020
Author NameDaniel Burrows
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name XStream Trucking Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:Both
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredTruckWings truck panels
What non-domestic negative factors made offshoring less attractive?Freight cost, Rising wages, Strained offshore relationships, Supply chain interruption risk/Natural disaster risk/Political instability , Tariffs, Total cost
What domestic positive factors made reshoring more attractive?Automation/technology, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training, covid-19
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