Vietnam, it's the new China...
A few years ago I stopped to see an old friend. He commented that I was driving a Korean car. My reply was "Korea is the new Japan"If consumers can purchase less expensive products from another source, they will. Maybe with hesitations at first, but eventually... they will.
I remember cheap Japanese transistor radios. It wasn't the fault of the Japanese. It was the American companies designing/engineering inferior products and having them shipped here. They only made what they were instructed to make.
Same with all the low-end products made in China. They were brought here by American corporations and now the markets are flooded with low-end products made in China.
I'm in the kitchen cabinet business and have to deal with competitors who provide products made in China. Recent tariffs on Chinese made products will soon affect what and how many of those Chinese manufacturers will survive.
We are already hearing stories of Chinese companies who are relocating manufacturing facilities into their neighboring country Vietnam. Everything goes... all the machines, finishing materials, hardware... all the way to the processing of lumber... grown in Vietnam!
What once was Chinese cabinets will now be Vietnamese cabinets... without the tariffs.
"Vietnam, it's the new China"... and you can quote me on this.
Comments (3)
"Are Made In China?"
"Did You Know What The Cost Is In China"
"To Produce 1 Pair Of Levi Jeans?"
(Brace Yourself.... Because I Watched The Documentary)
(And?...It Is Factual)
"It Cost $0.32 Cents In Total...In China To Produce A Pair Of Levi Jeans"
"And Here In America?"...."It Can Cost $49.50 To $124.98 Dollars"
"For That Same Pair Of Jeans".............................
"The Workers Must Keep Working Until The Batch Order Is Completed"
"Sometimes Working 24 Hours Straight"
"Definetely ...Somebody.... Is Getting ...Very Very Rich"........................