Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Spanish clothing company Mango has announced the intention to reshore production currently based in Asia (India, China, Bangladesh and South East Asia) to Europe (Spain, Italy and Turkey). Several clothing companies in Europe are adopting the same backshoring strategy thanks to the benefits brought by new technologies like robots, 3D printers and body scanner. Mango claims that the main reason for its backshoring is to develop new collections every two weeks, instead of three weeks as before. This requires shortening the value chain and moving production closer to markets.
Eurofound (2016), Mango, Reshoring in Italy, factsheet number 171, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/171.