Custom molder PTA Plastics recently organized a virtual roundtable on reshoring with industry professionals from its own ranks as well as members of the Plastics Industry Association (PLASTICS). The topic has garnered newfound attention recently, as COVID-19 revealed shortages of personal protective equipment and critical medical devices caused, in part, by offshore supply chains. The result has been an uptick in reshoring, according to the Reshoring Initiative, which reported that it outpaced foreign direct investment in 2020 for the first time since 2014.
In this half-hour video from PTA Plastics, Perc Pineda and Michael Werner from PLASTICS join a trio of plastics professionals from PTA Plastics to discuss the economic impact of offshore manufacturing and the factors that have led some companies to bring manufacturing back to the United States. They also discuss the challenges involved.
PTA Plastics is an employee-owned, low- to medium-volume, high-mix custom plastic injection molder and mold maker serving the medical, defense/security, and emerging technologies industries.