Bad Times Just Got Better
Monday, June 1st, 2009In spite of all the headlines being made to the contrary, companies that specialize in Wholesale and Retail may find themselves in a position to bargain these days. While the economic crisis that made its appearance in 2008 has yet to show any significant signs of slowdown, there are some tremendous opportunities presenting themselves to the Wholesale community, and all signs point to an increase in these options as the economic slowdown in China continues.
According to a study by AlixPartners, China has slid from the number one spot as the lowest-cost solution provider, as India and Mexico pull up from behind. This has had a huge negative impact on overall manufacture in the PRC, and it comes as no surprise that the recent global recession has taken its toll as plants and factories in Guangdong Province are left with no choice but to shut down and halt production in the wake of reduced international orders. Cheap goods are no longer being churned out at a fever-pitch, and cost savings of 30% are no longer being realized by those on the lookout for the best deals in outsourcing.