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Old 5th Dec 2018, 11:17
  #74 (permalink)  
krismiler
 
Join Date: Jul 2010
Location: Asia
Posts: 327
China has changed the way we live, with cheap manufactured goods. Kettles and toasters for a fiver, microwaves for fifty quid. Already they dominate at the lower quality end and are improving all the time. Setting up a factory producing poor quality spanners takes a lot of investment with constructing the building, buying the machinery and creating the workforce. The step up to better quality products is much easier and highly profitable, source better steel, improve staff training, polish the spanners, put them in a nice case and give a 2 year guarantee.

Now you can charge 3 times as much for them. Soon no one will be able to compete. Back in the 1970s "Made in Japan" meant rubbish, in the 1980s "Made in Korea" was a warning to potential buyers. Stand by for a seachange.
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