Reshoring

• What is the concept called when businesses bring back production activities to their home country?

  Reshoring
• How is reshoring related to offshoring?

  Reshoring is the reverse of offshoring
• If a company moves chocolate production from the UK to Poland, what is this process called?

  Offshoring
• What happens when a company brings production back from Poland to the UK?

  It is called reshoring
• Which company previously offshored vacuum cleaner production to China?

  Gtech
• Why did Gtech decide to reshore some of its production?

  To gain better control over product quality
• Which company brought some of its shoe styles back to the UK for production?

  Clark Shoes
• What is one main reason businesses choose to reshore production?

  To be closer to customer needs
• How does reshoring affect the complexity of the supply chain?

  It reduces complexity by shortening shipping times
• What can be a cost-related reason for reshoring production?

  It can be cheaper to produce locally
• What factors influence a business's decision to reshore production?

  It depends on the situation and market
• What are the main reasons for reshoring production?

  • Closer to customer needs
  • Greater certainty in receiving goods
  • Better control over product quality
  • Cost-effectiveness compared to offshoring
• What are the implications of reshoring for businesses?

  • Shorter supply chains
  • Potentially lower production costs
  • Increased product quality control
  • Adaptation to market demands