North West Manufacturing: Offshoring losing its appeal

MANUFACTURERS in the North West are increasingly seeing the benefits of returning production to the region.

The simple fact is that costs abroad are rising, mostly driven by pay increases in countries that had previously been described as ‘low wage economies’, such as China.

The Manufacturing Institute’s Adam Buckley said: “China’s labour rates have increased over five years at the same percentage rate as ours did over 50. Production has moved further and further into China as businesses ar... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...