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"Once bitten, twice shy." "Never turn away a paying customer." Once those markets go, they never come back. And you're on the slippery slope to irrelevance.
by simonblack 7y ago
"Once bitten, twice shy."
"Never turn away a paying customer."
Once those markets go, they never come back. And you're on the slippery slope to irrelevance.
- pochamago 7y agoThat's a two way street, there are plenty of American companies switching to Philippine or Vietnamese manufacturers that won't ever go back to sourcing from China
- thawaway1837 7y agoYup. So the US has created a new competitor and didn’t gain anything in the bargain other than paying for the transition. It would be one thing if this was done after, say, the TPP that ensured that Phillipines and Vietnam created an IP a regime that protected US company interests before they started manufacturing there, but that’s not what happened.