Decoding Reshoring: Motivations, Challenges and Technological Influences
Mold Making Technology
APRIL 11, 2024
The number of jobs reshored per year has increased from 6,000 in 2010 to 350,000 in 2022. Most companies make sourcing decisions based solely on price, often resulting in a 20 to 30% miscalculation of actual offshoring costs. ’ higher labor costs Many plastic parts do not pack well, yielding increased freight cost per pound. (3)
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