3 ms·
I don't think it's due to manufacturing costs. Just look at how much insulin costs to make and the price it's sold at in the US.
by bitcharmer 5y ago
I don't think it's due to manufacturing costs. Just look at how much insulin costs to make and the price it's sold at in the US.
- onion2k 5y agoThis is how companies think: If you can make something in the US for $5 and sell it for $300 you make $295 profit. If you can make it in China and ship it to the US for $4 you make $296 profit. Therefore its better to make it in China. They disregard literally every other benefit.
- q-big 5y agoWhat you give as an example is a product with insanely high margins. Here, it indeed makes sense to produce it in your home country, because it won't make a huge difference. Most products on a market have slim margins and here such production costs make a huge difference in profit if the buyer is not willing to pay much more for products (partially) produced in the home country.
- karmasimida 5y ago3M N95 masks are 1.9 dollars each, while the Chinese ones KN95 are 0.4 each, korea made kf94 masks are between 0.5 - 0.8. Unless 3M masks have some magic in itself (like make me immune to covid), the pricing doesn't seem very appetizing I think it is pretty self explanatory.