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Foxconn and China Manfacturing

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A great series of articles by TechCrunch about Foxconn and their +1mm manufacturing city in southern China.
http://techcrunch.com/tag/future-of-foxconn/

Owned by Taiwan's Hon Hai Precision, Foxconn manufactures for major major hardware makers, most notably Apple. The maker of iPhones, iPads, and other apple objects of worship has built a strong manufacturing brand, and commands strong customer loyalty. The major under-pinning of Foxconn's success, however, is cheap labor. With prices and wages rising in China, demographics leading to a shrinking workforce by 2015, and demands of Chinese workers for, "more", Foxconn's future success is by no means assured. Even running at full tilt, their profit margins are 2-5%, little better than a grocery store. 

The author spent a considerable amount of time in Foxconn City in Shenzhen, a rare experience for a journalist. Worth the read if you take an interest in China manufacturing.

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Guest Saturday, 19 September 2020