Why is it better to manufacture in China?
China has emerged as the top manufacturer for a majority of brands. Why do so many companies choose to produce in China? Here are 4 reasons:
● Low cost - according to studies, manufacturing in China can help reduce costs from 30% to 80%. ● Strategic location - China is close to growing markets like India and South Korea. ● Advanced Supply Chain Management - Chinese suppliers have updated their supply chain management processes with the latest technologies, raising their standards to international levels. ● Access to state-of-the-art technology - due to the potential of their manufacturing in the global market, China is developing its technology with new AI and electronic products.