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20VC: Flexport's Ryan Petersen: Reflections on Leadership from 13 Years Leading Flexport, Why Velocity not Speed is Most Important in Company Building, How Money Creates Inefficiencies in Scaling, The Future of Trade with China & Why Remote Work is so Cha
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
**China - not cheapest labour best quality **
China's manufacturing capability is unique and cannot be easily replaced. The Chinese economy has flourished, leading to increased labor prices, making Mexico's average hourly wage now cheaper than in China. Despite not being the cheapest, China offers the best quality and competency in manufacturing, especially for sophisticated products like electronics. While companies are shifting production away from China due to higher labor costs and tariffs, China's expertise in manufacturing sophisticated products is likely to remain attractive.
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