Company detailsCode: FlyCompany name: FlyCompany country: FranceNumber of employees: 821Sector: C - ManufacturingSector detail: C31 - Manufacture of furnitureSub-sectors: C31.0 - Manufacture of furniture Reshoring detailsReshoring announcement date: 11/07/2016Starting implementation date: January, 2014End of Implementation : December, 2016Reshored to: FranceReshored business function: ProductionPartial or Total reshoring: TotalReshoring governance mode: Third party (external suppliers)Reasons for reshoring: "Made in" effectChange in total costs of sourcingEconomic crisisExchange rate riskKnow-how in the home countryCase narrative: Fly is a French company that creates furniture for the European market. The company suffered a huge crisis in 2014. More than 1000 employees lost their job in that occasion. In order to come back to a rentable position, the company decided to backshore all production to Europe. According to the CFO Nicolas Fink, the lower value of the Euro has helped reducing the gap in the production costs. The declared aim for the backshoring is to give more power to European designers in order to differenciate products with respect to competitors (expecially Ikea). The company had to reduce profit margins in order to gain market shares. Sources: Francesoir, 11/07/2016 Sources link: http://www.francesoir.fr/tendances-eco-france/lenseigne-fly-veut-renaitr... Offshoring detailsOffshoring location: ChinaOffshored business function: Production