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

In 2015, Daniel Burrows founded XStream Trucking, a high-tech trucking panel company. XStream offshored it’s manufacturing and supply chain to China to lower costs. Because of the trade war, pandemic-related issues, increased costs in China, and other risks, XStream has moved about 60% of its manufacturing and supply chain back to North America. Reshoring has brought significant benefits to the company. For instance, the costs of aluminium mount systems were reduced by about 20% and lead time was shortened from 8 weeks to 4 weeks. For the company’s panelling system, there was a 10% reduction in costs and lead time was reduced from 8 weeks to 5 weeks. CEO Burrows indicates that the simplification of their supply chain and logistics and cost savings resulting from reshoring from China to North America, cannot be overestimated.

https://www.industryweek.com/leadership/strategic-planning-execution/article/21146695/why-were-reshoring-manufacturing-a-ceos-view