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Manufacturing Strategy
Manufacturing is the transformation of raw materials into finished goods for sale, or intermediate processes involving the production or finishing of semi-manufactures. It is a large branch of industry and of secondary production. Some industries, like semiconductor and steel manufactureres use the term fabrication.
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Through The Eyes Of Consumers Shoppers Have Concerns About China-made Items But Find Reasons To Buy by
Amelia Walton
Individuals could benefit from the Chinese growth phenomenon by strategically positioning themselves and building trust between the people, countries and regions. Through a better understanding, sustainable business relationships could be built, the China-US Business Cooperation Forum was told yesterday.T his was said by Martyn Davies, the director of the centre for Chinese Business Studies at Stellenbosch University, in his address to a packed auditorium. Grab the China opportunity - http://www.china-bay.org
China presents a huge opportunity. A major portion of every manufactured item that is being used today - either fully or partly is Made in China. China has been able to manufacture almost every item at a fraction of the cost as compared to America. The economics of scale, favorable government policies, low cost of labor etc. has made this possible.
In the year 2005 China exported some U.S.$350 Billion worth of manufactured goods to the USA alone and U.S.$700 Billion worth of goods overall. China is an industrial power house. While the value of exports from China to the US was U.S.$350 Billion in 2005 the cumulative value of these goods when it ultimately reached the consumers was estimated to be in the range of U.S.$1200 billion. Obviously these goods are being retailed at a substantial mark up to consumers. A U.S.$850 billion profit is surely substantial.
One Classic example of the above is prominent sports shoe companies. There is hardly any facility in America for these companies. The is done entirely in China and few other countries. The specialty of these companies is designing, outsourcing, quality management, brand building, advertising and retailing. While these companies are able to sell their products at a huge mark up and rake in hundreds of millions of dollars in profits, the actual manufacturers in China work on wafer thin margins.
The popular Shoe brands get their shoes manufactured in China for as low as U.S.$4/- a pair and retail the same at a price of U.S$150 upwards.
If you thought Chinese are usurping your jobs and are a threat to American economy it is time these views are changed. It is America and other developed nations that have gained immensely from China. So many who have grabbed the opportunity that is China have prospered beyond imagination.
Let China do the and America the servicing. There is far more money to be made in servicing than Manufacturing. It is the service sector that has made America prosperous. America is the country of Managers, Financiers, Traders and Businessmen - not low cost Manufacturers.
Grab the China opportunity and make use of china. Visit www.china-bay.org
Welcome to China-bay.org . Comprehensive website directory providing information in every subject about China. Profit from China http://www.china-bay.org www.china-bay.org
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