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Real-Life Reshoring: How Vela Bikes, WOW Sports Brought Business Back to the United States

Real-Life Reshoring: How Vela Bikes, WOW Sports Brought Business Back to the United States

ThomasNet/, September 6, 2023

For Justin Kosmides, founder and CEO of e-bike manufacturer Vela Bikes, one of the triggers to reshore was news that his factory in China had canceled Vela's order in favor of a two-year deal to build bikes for a major U.S. retailer. Other woes of manufacturing in China included the COVID-19 lockdown, shipping delays, tariffs, and controlling quality over a long distance. Kosmides said, "That's the short list. I could keep going."

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Healthcare

Supply Chain

De-risking global supply chains: Looking beyond material flows

De-risking global supply chains: Looking beyond material flows

Hinrich Foundation, October 29, 2024

Global supply chains are undergoing an irrevocable shift. While material flows remain critical, they are only the most visible aspect of this transition. Beneath the surface, changes in information exchanges, financial reconfigurations, and human capital movements are posing far greater risks to the benefits of global trade. The US, China, and the rest the world must handle these changes with care and perspective.

Climate