No More Foreign Orders, as the Global Supply Chain Exits: The End of ‘Made in China’ Has Come
Historically, summer and fall is when China’s manufacturing sector prepares intensively for the American holiday shopping season. Orders flood factories from the Yangtze River Delta to the Pearl River Delta. However, this September, this dynamic industrial zone has fallen eerily silent.
In past years, a Dongguan supplier, striving to meet Amazon’s demands, would initiate vast hiring drives. Yet, this year, they’ve maintained a minimum wage of $ without any new hiring. By comparison, in 2019, Foxconn in Zhengzhou, while catering to Apple, offered summer temps a wage of $, which has now declined to $.
#internationalsupplychain #chinatrade #manufacturing #chinaobserver
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