"A lot of the tribal knowledge and skill sets are gone because the humans who used to do that work have either retired or died," says H. Kim Kelley, the CEO of Hampton Products International, a privately held maker of locks, lighting and other household hardware. The Foothill Ranch, California-based company began selling products made in Asia to Walmart in the 1990s and is now supplying it with some U.S.-made products. Trying to rebuild that manufacturing capability, while making products that meet Walmart's standards, can require companies to “start from scratch,” Kelley says. Cindi Marsiglio, the Walmart vice president overseeing the U.S. sourcing push, says the retailer and its existing suppliers have 150 active reshoring projects in various stages of development.
by via Yahoo! Finance: Top Stories
by via Yahoo! Finance: Top Stories
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