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I keep wondering how some Chinese businesses can be profitable selling stuff at what seems to be impossibly low prices (example : https://www.amazon.fr/dp/B00YM
by ajnin 8y ago
I keep wondering how some Chinese businesses can be profitable selling stuff at what seems to be impossibly low prices (example : https://www.amazon.fr/dp/B00YMIKRTA/ https://www.amazon.fr/dp/B00YMIKRTA/ 0.97EUR, postage included). If cost of labour is removed from the equation (slave labour), that can explain a lot.
- setquk 8y agoIndeed. I just bought a £1.50 including delivery embedded switch mode power supply yesterday.
- gringoDan 8y agoThis doesn't account for the labor costs, but Planet Money had a great explanation of how shipping rates across borders work (and don't reflect true costs): https://www.npr.org/sections/money/2018/08/01/634737852/episode-857-the-postal-illuminati https://www.npr.org/sections/money/2018/08/01/634737852/epis...
- setquk 8y agoI know the shipping rates system. It’s the entire supply chain that gets me. How do they do that for £1.50 when I can’t get the parts for less than £15 here in huge volumes.