4 ms·
It feels like a lot of it is due to the publicity around the tariffs. The cost alone isn’t enough to make corps shift, but assuring the stock market that the C
by sambroner 7y ago
It feels like a lot of it is due to the publicity around the tariffs.
The cost alone isn’t enough to make corps shift, but assuring the stock market that the Corp is robust against continued tariffs and possible unrest appears to be worthwhile.
There seems to be some combined anti-China, pro-anywhere-else marketing involved as well.
- panpanna 7y agoBut hasn't there been talk of moving from China to India/Vietnam for some years now? Did any of that actually happen or was it just talk until now?
- Rapzid 7y agoA lot of countries including Nintendo have moved and are moving to "Southeast Asia".. Okay so sue me for not reading the article first; Nintendo is mentioned. Giant is another. Not sure how widespread it is but it's real.
- toasterlovin 7y agoYou’re joking, right? 25% increase in cost of goods sold is the only reason needed to move. I’m the CFO of a small company. We moved production out of China and into Taiwan and Vietnam. Despite labor being cheaper in Vietnam, our costs went up by 10%. We moved anyway because 10% < 25%.