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MessagePosté le: Lun 13 Aoû - 04:30 (2018)    Sujet du message: retail price of its GeoSpring heate Répondre en citant

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More companies from Europe and the United States are returning home as labor and raw material costs rise in China. Provided to China Daily
More companies from Europe and the United States that used to outsource production to China are returning home as price gaps narrow.

For Dutch engineering and electronics conglomerate Philips NV, improved automation and smarter robots meant it made more sense financially to build a new factory in Drachten in 2012 than extend its operations in China.

Philips found the robots to be more productive than workers in Guangdong in southern China Cody Bellinger Dodgers Jersey , where it, like many other foreign multinationals, had to contend with rising labor and raw material costs and occasional staff shortages.

General Electric Co took arguably a bigger gamble by opting to reshore some production from China to its Appliance Park in Louisville, Kentucky, in 2012.

There Corey Seager Dodgers Jersey , GE was able to redesign one of its water heaters and slash the time it takes to get them to warehouses. Efficiency rose and material costs fell by more than 20 percent, enabling it to lower the US retail price of its GeoSpring heater from $1,599 to $1,299. GE also returned production of some washing machines and refrigerators to the US.

Similar cases have been popping up over the past five years as more European and US companies find it makes more sense to return jobs and production home, a strategy known as reshoring.

These moves mostly involve companies that sell mainly to their domestic markets. And they indicate that China’s competitiveness as a global low-cost production base is waning.

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"This is mostly because labor costs are rising while subsidies and other forms of support from the Chinese government are shrinking," he says. "For those that decide to remain or expand here, it seems to be more a case of go local to stay local."

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