Dying4aCure t1_je3pv4n wrote
Because the labor is cheaper. According the the CEO.
Playfair99999 t1_je3t0qb wrote
Yes, it's a cycle. First it was China, then it's India, next could be Vietnam/Bangladesh/Phillipines, some other country that needs to put it's people in employment and gain capital from it.
goodnewbadestnews t1_je4dhrn wrote
China and India has a huge population as well. Indian middle class is rapidly rising.
Things would be different in Vietnam and Phillipines.
GrammatonYHWH t1_je4n215 wrote
It's all over the place already. My Samsung phone and Sony headphones are made in Vietnam.
Ponicrat t1_je5oddn wrote
West Africa's gonna be it one of these days. Rapidly growing population/economies, increasing access to electricity, internet, etc, much closer to Western markets than Asia
Hapankaali t1_je4a3cd wrote
It's not the only reason. During Covid there were repeated lockdowns in China, and foreign corporations have become more hesitant about relying on Chinese subsidiaries and suppliers in their supply chains. At the same time infrastructure and education in India has dramatically improved, making it a more attractive option. There are still many places with much cheaper labour.
[deleted] t1_je6ki7t wrote
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[deleted] t1_je51kgg wrote
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Dying4aCure t1_je52nbx wrote
But India isn’t much better. Just give them time, they will outpace China in those respects.
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