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:
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Low cost – according to studies, manufacturing in China can help reduce costs from 30% to 80%.
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Strategic location – China is close to growing markets like India and South Korea.
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Advanced Supply Chain Management – Chinese suppliers have updated their supply chain management processes with the latest technologies, raising their standards to international levels.
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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.
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