Re: Art Fabricator goes Bankrupt
Ries is right. China is experiencing phenomal wage growth. China also sees the necessity of moving away from low priced work. They want to be known as a country that manufactures goods with a decent profit margin. Not scrambling for the lowest price.
According to the WSJ one of the new low-priced countries to manufacture from is Vietnam. Its only problem is that they suffer from lack of infastructure.