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The United States wants to regain the throne of manufacturing power

by：Gewinn 2022-04-25

With the continuous growth of China's economic strength, China has become the second largest economy in the world. As a country with a service-oriented economy, the United States has the world's top scientific research and development capabilities and technological innovation capabilities. At present, the United States has put forward the slogan of regaining the manufacturing power, and is actively developing the manufacturing industry. With the rise in labor costs in China in the past two years, the return of American manufacturing is even more natural. Regarding the impact of the return of the US manufacturing industry on China's mold industry, industry insiders said that so far, it has not had much impact on the mold industry, and Chinese mold companies still have their own cost advantages. If American mold companies produce molds locally, the cost is still high, but sending mold designs to Chinese companies will save a lot of costs. But in the long run, the return of American manufacturing will have a certain impact on China's mold industry. Although the price of domestic molds is relatively low and has a cost advantage, this is actually the result of excessive competition in the industry. In the next 3 to 5 years, due to the rising labor costs and the intensified competition among mold enterprises, profits will be further compressed. Such a vicious circle will make many enterprises that do not have the funds to carry out technological innovation and upgrading in a timely manner face the risk of being eliminated.

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