Sunday, September 09, 2007

Attention Wal-Mart shoppers: Prices are rising.

That could be the headline soon. However, it won't. Wal-Mart will simply find another country to manufacture its cheap products.
Meanwhile, Skyway is gearing up to open a factory this fall in Vietnam, where wages are lower.

"I think the consumer will not accept the full impact of price increases from China," Wilhoit said. "We're going to have to do things differently, like Vietnam, to get the same quality stuff on the shelf and make money."
Fixing Chinese goods will be costly - Los Angeles Times
More on China