Chinese manufacturing activity expanded in October at a slower pace than in the previous month as output weakened on softer demand in the world’s No. 2 economy, according to an official survey released Tuesday. The purchasing managers’ index fell to 51.6 from September’s 52.4, based on a 100-point index on which the 50 mark divides […]
As workforce growth slows, new approaches are needed to meet demand
Employers and others worried about the “skills gap” for years, often lamenting that workers weren’t prepared to perform the jobs for which they were hired. Forget about the skills gap. The overriding concern in Wisconsin and many other states is a “quantity gap,” meaning there simply aren’t enough working-age people to go around – skilled […]
Low Labor Costs in Mexico: Top 10 Ways Manufacturing Profits [2022]
Low labor costs in Mexico provide more benefits than just a reduced bottom line; see how your business can profit from utilizing the trained and cost-effective labor pool in Mexico. Once recognized as the “world’s factory floor,” labor costs in China have surpassed those of Mexico by a significant margin. While in 2014, wages in […]
Proximity to Market Challenge: Mexico vs. China [2023]
It is crucial for your manufacturing operation to have an efficient supply chain and a short proximity to your market. Often, this is not possible if your business is dependent on shipping times from overseas. The establishment of manufacturing facilities overseas has long been regarded as a means of reducing labor and production costs; however, […]
Despite International Entrepreneur Setbacks, Nearshore Businesses Forge Ahead on US Soil
Foreign entrepreneurs and startups with designs on the US took a hit recently with Trump’s postponement of Obama’s International Entrepreneur Rule, which was set to go into effect on July 17, 2017. Now, with the rule’s effective date set back until March 14, 2018, and noise about rescinding the rule entirely, the impact on entrepreneurs […]