4 ms·
"Reshoring" is on the rise. The labour costs are rising and those that have survived by expanding market share on the back of the offshoring wave are finding t
by SixSigma 12y ago
"Reshoring" is on the rise.
The labour costs are rising and those that have survived by expanding market share on the back of the offshoring wave are finding that the other transaction costs are beginning to dominate.
In manufacturing, the economic conditions are such that retailers are holding even less inventory meaning that the order size required to make purchasing in China viable is no longer optimal, especially with such a long lead time.
Having local control is proving to be more valuable than cheap labour.
http://www.sciencedirect.com/science/article/pii/S147840921400048X http://www.sciencedirect.com/science/article/pii/S1478409214...