People often think it's labour, but it's much more than that. Low cost of everything. Transportation, production machinery, raw materials. And short lead times.

People often think it's labour, but it's much more than that. Low cost of everything. Transportation, production machinery, raw materials. And short lead times. Try buying something like a coil winder, an induction heater, a spot welder, or a heat sealer. Even in the US, you're much more likely to find Chinese equipment more competitive and more readily available. Especially for an SME.