China is no longer the “cheaper” option

Trade & Border IssuesHot Spots
Written By Jennifer Joslyn

🇨🇳 Looks like China is no longer the “cheaper” option.

According to data collected by The Reshoring Institute (TRE), a non-profit advocacy and consulting group, labor rates have as much as doubled over recent years. Many manufacturers are returning to American shores, focusing on automation to extract labor costs and remain competitive in their market. While China used to be the low-cost country of choice, other low-cost markets taking their spot are India, Mexico, and Vietnam.

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Jennifer Joslyn
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