BANNOCKBURN, IL ‑- Despite widespread publicity, few Western companies have taken the plunge and relocated operations back to their home countries, a new report reveals.
Many Western companies have considered onshoring, but only a few have taken action, IPC said in releasing the report last week. The data are based on a two-year survey of North American and European companies, and detail the impact of onshoring and domestic sourcing on their operational and financial performance in 2014, addressing metrics such as costs, delivery time, time to market, quality control, inventories and sales.
The report highlights North American electronics industry trends in onshoring and domestic sourcing and includes new data on the business impact from companies that have engaged in some form of onshoring. The current status of onshoring initiatives by Apple, Motorola, GE and other major companies is also provided. Not all of these initiatives succeeded, IPC said, but those that did point the way for other companies.
"Onshoring in the North American Electronics Industry: Update on Trends and the Impact on Companies" includes data from large-sample studies conducted in 2012 and 2013.