Comments by "Caroline Collett" (@carolinecollett956) on "UnHerd" channel.

  1. . It enables better production management Environmental concerns have increased demand for sustainable manufacturing and more durable products of higher quality. Bringing production back to developed countries improves access to skilled labour and makes it easier to track product quality and meet legal and environmental standards. And let’s not underestimate the brand value to Western consumers of a product “Made in the US” or “Made in the ENGLAND 🇬🇧
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  2. The cost of global production is increasing The primary reason for offshoring production to Asia – and to China in particular – was to save on production costs. However, labour costs in China have grown by as much as 25 % in recent years, and the minimum wage is set to increase by 13 % per annum. This, coupled with the costly risk of supply chain disruptions, has caused many European and American manufacturers to consider moving production closer to home. In fact, even Chinese manufacturers are pulling out of China! Some are moving production to Southeast Asian countries such as India, Malaysia and Indonesia where labour is still relatively cheap. Others are investing in production facilities in Mexico and Eastern European countries to bring production closer to consumers in Europe and the US 🇺🇸
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  3. Germany always made QUALITY GOOD in EVERYTHING they sold but their legacy will always be Nazism and how their ‘ efficiency’ impacted the Jews and the Holocaust which never helped their fist class brand of exports
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  4. Reshoring production speeds up time to market Producing goods closer to home means you can speed up time to market. The logistics are simpler when the entire value chain is located in the same country or region, and you don’t have to wait months for a container ship to deliver your wares. With no time zone gaps, it is easier for everyone to communicate efficiently, enabling faster problem solving and quick decision making.
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  5. 1. Domestic production enhances supply chain control. Recent years have seen major disruptions to global supply chains, and concerns about this is the number one driver behind reshoring and nearshoring production to the EU and US. 89 % of executives view supply chain disruptions as the main risk faced by their company, and this is also the area in which organizations are planning to invest most strongly.
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  6. Technological advances cut production costs One simple reason for reshoring production is that it is now possible to do so and stay competitive thanks to robotic factory automation. Despite the steep initial cost of deploying robotic applications, an American study estimates that technological advances in robotic factory automation have cut labour costs by more than 20 % compared to manual operation. Robotic applications increase productivity and quality consistency, and reduce the production time and the risk – and cost – of personnel injuries. And with the introduction of OnRobot’s no-code deployment platform, D:PLOY, the deployment costs are cut to a level where robotic automation is attainable for even small and medium-sized manufacturers.
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  7. All the German industries are still associated today with big brands such as Siemens
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  8. Outsourcing activities to low-wage countries in Asia has been one of the biggest trends in the past three decades.
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  9. Many US companies are moving production to democratic nations, leaving Beijing furious. In February, Apple's largest manufacturer Foxconn announced that it would open a new factory in India. 🇮🇳.
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