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TLDR; This mainly affects luxury clothing items for which “Made in ...” label matters more. The fashion is becoming ultra fast as trends are set by items on In
by sytelus 8y ago
TLDR;
This mainly affects luxury clothing items for which “Made in ...” label matters more. The fashion is becoming ultra fast as trends are set by items on Instagram and 30 day bulk shipping from China doesn’t cut it. The term is “nearshoreing” because it is cheaper to produce in Mexico for US market and in Turkey for German market. Still, US and Germany themselves not an option because they are 17% and 144% more expensive respectively. China is responding by opening factories in places like Ethiopia.
- desdiv 8y ago>China is responding by opening factories in places like Ethiopia. As well as places like Little Rock, Arkansas[0]. https://www.innovationintextiles.com/automated-sewbot-to-make-800000-adidas-tshirts-daily/ https://www.innovationintextiles.com/automated-sewbot-to-mak...
- withhighprod 8y agoOh my, this is funny. Chinese consumes one third of the worlds luxury commodities.
- b_tterc_p 8y agoWould China opening businesses outside of China due much to help the Chinese economy? I would assume most of the gain will flow to the local economy and the 1% Chinese elite
- kazinator 8y agoPerhaps in the form of whatever that 1% manages to spend at home rather than abroad, and whatever they can't hide from the local taxes.