Post by riogrande on Jul 10, 2019 10:25:36 GMT -8
There is an interesting story on the shift out of China manufacturing, well, non-model train products anyway.
www.msn.com/en-us/money/companies/walmarts-supplier-says-chinese-factories-in-desperate-state/ar-AAE5RkM?li=BBnb7Kz
The article is about other types of manufacturing, but due to the pressure, hopefully rising costs of manufacturing model trains will be slowed.
From the article.
www.msn.com/en-us/money/companies/walmarts-supplier-says-chinese-factories-in-desperate-state/ar-AAE5RkM?li=BBnb7Kz
The article is about other types of manufacturing, but due to the pressure, hopefully rising costs of manufacturing model trains will be slowed.
From the article.
Chinese factories, meanwhile, are lowering asking prices in their desperation, creating an opportunity for European and Japanese consumer brands. Li & Fung is advising its non-U.S. clients to move in and take advantage of the mature supply chain and lower costs.
“It is a buying opportunity for European and non-U.S. retailers,” Fung said, “In China, there are a lot of factories with less and less orders. They’re offering actually pretty good prices to anybody.”
“It is a buying opportunity for European and non-U.S. retailers,” Fung said, “In China, there are a lot of factories with less and less orders. They’re offering actually pretty good prices to anybody.”
