The ability of sourcing executives to rely on China for an uninterrupted supply of low cost goods is disintegrating. Costs are increasing as the rise of the middle class drives labor costs up. Trade wars threaten to erupt as U.S. politicians ratchet up anti-China rhetoric, and China reacts with protectionist policies. Concerns over labor unrest, natural disasters, and product quality (or lackthereof) have resurfaced due to headlines keeping them top of mind. Find out more here.
Precision gearing for the export market
China isn't going away as a sourcing destination, but sourcing teams in the US particularly are being encouraged to look elsewhere for very good reason. As the US economy is showing definite signs of recovery - which is no doubt a huge relief for the Obama team - renewed focus on good business practice is also coming to the fore. Ronson Gears already manufactures precision gearing for the export market, with the US, and also Chile, being important players. Businesses need to look further than China for very good reason.
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