Four Factors Matter More Than Labor Cost
Labor cost and currency rates do not matter that much to manufacturers anymore. Instead, there are four more complex considerations that drives companies' choices of where to manufacture.
Labor cost and currency rates do not matter that much to manufacturers anymore. Instead, there are four more complex considerations that drives companies' choices of where to manufacture.
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The United States is not an obvious leader on any of these points. However, it could be a strong contender in all these areas if it chose to make strategic course corrections aimed at emphasizing these strengths.
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