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China Manufacturing: United States
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Low labour costs and a fast-growing domestic market will spur China's consumer electronics manufacturing industry to more than double by 2010, market watchers predicted today. Analyst firm In-Stat reported that the industry will grow from US$71.5 billion in 2006 to US$167 billion in 2010. China's mature supply chain, skilled labour force and convenient logistics are key factors in attracting outsourcing manufacturers from abroad. [More Info]
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Dick Morley proposes these solutions for the China manufacturing syndrome. First, the United States should stick to high-value non-commodity items. The thinking that innovation is high-risk and high-cost should stop. The United States has a significant level of entrepreneurship and talent that should be encouraged and stimulated. Mini-enterprise zones should be developed.
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Cisco is stating that the 40% projection for manufacturing spend in China made by a Cisco field executive on June 22, 2005 is inaccurate. The current spend in China is in the low 20%.
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