Founder President Larry Yang BIn on "re-shoring"
Published on August 21, 2012
Founder President Larry Yang Bin talks to Cary Sherburne about the re-shoring of manufacturing back to where it was off-shored originally.
Cary Sherburne: Hi, I’m Cary Sherburne, Senior Editor at WhatTheyThink.com, and I’m here with Larry Yang, who is President of Founder out of China. Welcome.
Larry Yang Bin: My pleasure.
Cary Sherburne: And one of the things that we’ve been hearing a lot about recently is as the economy sort of shifts around as there was a lot of off-shoring of manufacturing from North America; for example, in Europe to China. Now we are hearing about re-shoring; bringing a lot of that manufacturing back as the labor costs begin to rise in China. Maybe you can give us your perspective on that.
Larry Yang Bin: Yes. This sort of happened in Founder. Everybody said in China manufacturing is no cost, but for Founder we can see there is a system quality is the most important. So that’s why from 2007 we have our CTP System from the manufacturer is in UK, not in China.
Cary Sherburne: Not in China.
Larry Yang Bin: Even in China, many vendors, but we can see there to choose UK as our manufacturer factory and we also can see the inkjet printing system may be we’re also move the manufacturing factory to UK.
Cary Sherburne: So do you see that as a trend for other Chinese companies?
Larry Yang Bin: Maybe. The cost in China is also growing very fast.
Cary Sherburne: Exactly.
Larry Yang Bin: So we should the cost and the quality.
Cary Sherburne: Yeah. That’s great. Well we’ll look forward to seeing you again in the future. Thank you.
Larry Yang Bin: Okay. Thank you.
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