Company detailsCode: IccabCompany name: IccabCompany country: ItalyNumber of employees: 300Sector: C - ManufacturingSector detail: C14 - Manufacture of wearing apparelSub-sectors: C14.1 - Manufacture of wearing apparel, except fur apparel Reshoring detailsReshoring announcement date: 03/11/2015Starting implementation date: January, 2014End of Implementation : January, 2017Reshored to: ItalyLocation code: ITReshored business function: ProductionPartial or Total reshoring: PartialReasons for reshoring: "Made in" effectAutomation of production processChange in total costs of sourcingDelivery timeExchange rate riskLogistics costsLoyalty to the home countryPoor quality of offshored productionCase narrative: Iccab is an Italian apparel company, well known for manufacturing the brand "Marina Militare" (Italian Navy). According to the news, the company has been backshoring up to 40% of its production from China to Italy over the last few years. Panerai, the owner of the company, stated that changes in the exchange rate between the dollar and the euro have created extra costs for imports from China. Other reasons for the repatriation included the high quality of production in Italian industrial districts and out of loyalty to the country. The latter could be an important strategic move as the company's contract with the Italian Navy will expire in 2020, and a display of patriotism could help to ensure the extension of the Marina Militare license. Sources: Il Sole 24 ore, 03 November 2015 Il Sole 24 ore, 23 May 2016 Sources link: Il Sole 24 ore, 03 November 2015 http://www.toscana24.ilsole24ore.com/art/oggi/2015-11-03/iccab-avvia-res... http://www.quotidiano.ilsole24ore.com/vetrina/edicola24web/edicola24web.... Offshoring detailsOffshoring location: ChinaOffshored business function: ProductionOffshoring governance mode: Third party (external suppliers) Notes: Number of employees from http://www.marinamilitare-sportswear.com/media/news/marinanews/CORRIERE_DELLA_SERA_ECONOMIA_14_12_15.pdf
