The Reshoring Challenge: Why and How CEOs are Moving…
Design 2 Part News
AUGUST 9, 2017
In 2011, Impact Innovations acquired a gift-wrap competitor, Cleo, in Memphis, Tennessee. The retailer made the commitment and Impact Innovations invested $7 million in two presses, installing one in Memphis in June 2014 and then a second in January 2016. It shifted half of its paper sales to Walmart to Memphis-based production in 2015; and this year, more than half of all the gift wrap it sells to Walmart will be made in Tennessee, not just converted.