In addition to your conclusion that executives must take a look at China's economic management, and its implications. I also believe that the manufacturers that have moved to China will need to stay there until America and Europe really get their act together. You and Bolaji are right on the fact that any hitch in China's economy will be a potential global economic collapse.
It will be interesting to see how the Chinese government stays off inflation. China is the new world superpower in terms of importing and exporting. This report sheds some light on some potentially serious faults. If China was to have a major breakdown, the world will feel the ramifications. The Chinese government needs to take a serious look at this report and others that outline potential problem areas and set up plans ahead of time, before it's too late.
Exactly Jaden, that's the point and hence the sense of my previous post. Speaking about business, Western hasn't to be fascinating only by low costs of salary in China. Strong help for both Western and China should be to share a cross knowledge transfer program, doable to cover manufacturing, processes' quality, work's quality, including life style at work. Otherwise if the focus is only on savings, as consequence, exports from China will meet with difficulties, sooner or later.
China is not to be blamed for job loss in the United States or other industrial countries. Most of the jobs that are now outsourced are the ones that are being overlooked in the US and expensive US labour costs have led manufacterers to go to other countries where the price of labour is much lower. That is just how open economy works.
Lower level tasks will continue to be outsourced to cheaper workforces. The more developed nations realize this, therefore they put more resources into higher level work that cannot and will not be easily moved outside of its borders. So it is almost inevitable that this trend will continue as time progresses.
Your right, but immigrants helped develop the Industrial Revolution in the States.
The US helped spread manufacturing to other countries. A great example is JAPAN. JAPAN has taken its fair share of manufacturing ( cars and electronics). CHINA is taking every countries share, all manufacturing job's. All CHINA wants to do is export not inport. Manual labor job's sweet shop condtions.
India has taken control of computor and cell phone trouble shooting calls. The credit card sales calls come from India when your at home have dinner!
In most case these are US company's trying to make more profit with cheep labor. Where does it stop? More TAXES no job's.
I need to go home and see what credit card company wants me to change cards.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.