efficiency can far outweigh losses in currency. This means they are in control of their destiny and I take it as very good news for the future of China sourcing.
production mentality the better. I am happy to see that according to the research above, more and more suppliers are finally realizing they actually need to learn proper management and efficiency techniques to stay in business. There are some professional factories in China a lot of un-professional factories. I am hoping the increased costs of labor, rents, power, taxes, and currency appreciation will cause a great shake out where only the efficient and well managed
factories survive. As buyers, this will make our lives so much easier, plus there will still be plenty of factories left after the shake out for healthy competition driving down costs.
School of Business, The University of Hong Kong
interview study of Chinese suppliers.