I recently found the following infographic comparing the cost of manufacturing products in China to the cost of manufacturing in the United States. It turns out that the difference has been shrinking for the last few years because of a number of factors.
This is good news for manufacturers in the U.S. as well as many other countries, including Mexico, India, and Vietnam, which have lower average manufacturing costs than China.
I’ll let the infographic do most of the talking. It’s nice to hear good news like this:
