Offshore Manufacturer Looks Beyond China
Vietnam, other Asian markets enticing as ‘Made in China’ grows more costly
When East West Manufacturing began helping U.S. companies cut costs and boost efficiency by making plastic, rubber and electronic parts and motors overseas, clients wondered how Chinese workers could scrape by on such meager wages.
“Now people are saying, ‘China’s getting expensive. You’re having to pay them too much,'” Scott Ellyson, East West’s chief executive officer, told GlobalAtlanta.
Along with rising wages, China’s currency is gradually appreciating against the dollar, making outsourcing a more expensive proposition. Many U.S. lawmakers welcome the trend, saying China keeps the yuan artificially low, bolstering its own exporters at the expense of American workers.