Abstract:Made in America, Again 2 China's overwhelming manufacturing cost advantage over the U.S. is shrinking fast. Within five years, a Boston Consulting Group analysis concludes, rising Chinese wages, higher U.S. productivity, a weaker dollar, and other factors will virtually close the cost gap between the U.S. and China for many goods consumed in North America. LOOK AT TOTAL COSTS Companies should undertake a rigorous, product-by-product analysis of their global supply networks that fully accounts for total costs, … Show more
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