Be the first to like this
For years, low labor rates have been the primary cost advantage enjoyed by Chinese manufacturers; however, wage rates in China are growing at an accelerated rate and IHS predicts that China will lose its low-cost edge for some products in the near-term.
What does this mean for your supply chain? Should you be concerned?
Join IHS Senior Industry Economist, Laura Hodges, for a 1-hour webcast to obtain cost insights and answers to your global sourcing questions, including:
- How should increasing wage rates in China impact your sourcing decisions?
- Are there other countries that you should consider?
- How do shipping costs, exchange rate appreciation, and supply chain risks factor in?