1. Offshoring, Reshoring & Nearshoring
Danika Amundson, Caitlin Berry, Tracy Weispfenning & Joshua Yungner

2. Agenda: Offshoring, Reshoring & Nearshoring
Definitions & summary
Advantages & disadvantages
Guidelines for companies looking into these practices
Companies that have done/not so well with these practices

3. Advantages & Disadvantages: Offshoring SWOT Analysis
STRENGTHS
Swiftness
Expertise
Core Process Concentration
More Timely Delivery
WEAKNESSES
Synchronization of Deliverables
Lack of Customer Focus
Lower Quality
Decrease Delivery Time Frames
OPPORTUNITIES
Mitigation of Risk-Analysis
Reduced Operational Costs
Reduced Recruitment Costs
THREATS
Risk of Exposing Confidential Data
Hidden Costs
Political Issues
Environmental Issues

4. Advantages & Disadvantages: Reshoring SWOT Analysis
STRENGTHS
Improved Quality & Consistency of Inputs
Enhanced Innovation
Reduced Intellectual Property
Reduced Compliance Risk
Improved Sustainability
Strong IP Protection
WEAKNESSES
Less Specific Manufacturing Skills
Less Focus on Customer Incentives
OPPORTUNITIES
Lowered Transport, Energy and Inventory Carrying Costs
Eliminates Waste and Instability
Brings Jobs Back to U.S.
Balance U.S., State & Local Budgets
Motivation to Enter Skilled Manufacturing Workforce
Lower Supply Chain Risk
Favorable Exchange Rates
Design for Automation Potential
THREATS
Challenges with Design for Automation
US Tax and Regulatory Polices
Limited Vertical Ecosystem

5. Advantages & Disadvantages: Nearshoring SWOT Analysis
STRENGTHS
Similar Time Zones
Cultural Affinity
Geographical Proximities
Reduced Legal Issues
WEAKNESSES
Cultural and Language Differences
Poor Quality
Same Disadvantages of Offshoring (Lesser Degree)
OPPORTUNITIES
Better Communication
Reduced Travel
Ease of Immigration
THREATS
Wage Inflation
Loss of Employee Morale
Too Large Team Sizes