Will “Cheap” Still be Cheap?

Jason Sylva blog “How Can Businesses Navigate Asia’s Increasingly Complex Supply Chain Systems?” is about how there are rising difficulty in China’s supply chain. Escalating production and freight costs, government regulations, and trade restrictions all contribute to the “true cost” of products that companies don’t even realize. Companies want to know how they can allocate their resources to better navigate the Chinese supply chain.

What is the consumer effect on the rising costs? Since so many of western products are manufacturing in China, the effect is huge. If companies don’t find a better way to navigate through the supply chain it will mean a rise in costs for western products.

For me, if i’m not going to splurge on a locally-made product i don’t want to spend much on it. Take clothes for example, personally i would rather spend more on a few things then have the basics that i don’t spend much on. But if the rising costs take effect then i will have to choose more wisely (first world problem i know), but still, i’m a “starving student”i don’t have cash overflowing in my pocket. If i’m not buying high quality i don’t want the high-quality price.

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