Much of the world\u0027s manufacturing base has migrated to China, attracted by low\u002Dcost labour and favourable policies from the Chinese government
Tariffs and trade wars
After the COVID-19 pandemic caused chaos in global supply chains, there were calls to bring manufacturing back closer to home either by “nearshoring” — building factories in Mexico for the U.S. market, for example — or reshoring back to home countries. Chinese labourers are both more expensive and more productive than labour in other emerging economies in Asia. Both of these factors must be taken into account when making the decision to relocate production out of China. But this is only part of the story.We interviewed Joseph Eiger, our former student and an executive in a global sourcing company that manufactures consumer products, about how the world of manufacturing operates.
China has deployed a strategy that ensures the entire manufacturing supply chain is located there, and has mastered each step of the process. China even imports and processes much of the world’s wool and cotton, including a significant amount of U.S.-grown cotton that comprises approximately 35 per cent of the world total.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Some Chinese Canadians embrace 'white people food' movement, others are baffledCheese sticks and a bagel. A boiled egg with raw broccoli. A fat ball of burrata cheese sitting atop a pile of green grapes.
Lire la suite »
Why Ethereum’s price rise is not cause for celebration yetAfter the SEC incident, Ethereum’s supply on Binance declined sharply, reflecting less confidence among investors in the CEX.
Lire la suite »
Canada's first out lesbian federal minister on why Pride feels different this yearIn 2021, Pascale St-Onge made history becoming the first out lesbian to become a federal cabinet minister. In an exclusive sit-down interview with CTV News, St-Onge speaks about why Pride month feels different this year, and why she thinks sports organizations and athletes should be stepping up.
Lire la suite »
Why tech veteran Sylvia Ng wants women in the industry to reject the traditional CEO moldIn the final episode of Better For It, tech veteran sylvng gets candid about her struggles with the pre-set expectations trying to climb the corporate ladder at Google, Shopify and eBay. Listen here:
Lire la suite »
Why B.C. Ferries cancellations persist, and what needs to be done to fix itIn all, 1,304 B.C. Ferries sailings were cancelled between January and May of this year, according to figures provided by the corporation. Why is that?
Lire la suite »