Spectrum thinks over repositioning manufacturing
During the Spectrum Brands second-quarter earnings call, the Madison, Wis.-based company showed interest in bringing back some offshore production.
Responding to a question about the rising costs of wages and freight for overseas small appliance manufacturing, Spectrum Brands CEO David Lumley said: “We are looking at that.”
He added that a first opportunity might be for North America manufacturing — Mexico or the Caribbean.
“We’ve actually moved products in the Home and Garden division into the Caribbean islands,” he said. “We’ve moved products into Mexico, and we are aggressively pursuing it.”
He added that repositioning its manufacturing would take time because the infrastructure for appliance parts are all in Asia.