Countries Seen to Have the Lowest Manufacturing Costs

U.S. News & World Report | February 14, 2019

Countries Seen to Have the Lowest Manufacturing Costs
Lowering manufacturing costs are often part of the production strategy of many companies and industries. Many businesses relocate to areas where they can make their products cheaper, either by focusing on lowering labor costs or the cost of the materials, or a mix of both.
While China has been perceived as a low-cost production place for more than a decade, experts are now talking about a shift to India as the next factory to the world. For some, Malaysia and Thailand may be seen as another option for replacing China, but those countries may be more focused on high- and medium-tech manufacturing.

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