David Heacock with I Run a US Factory. What I Just Saw in China Should Terrify You.
Basically:
- China is looking to the next two decades, not the next quarterly earnings report
- China has built an ecosystem to support manufacturing, they have agglomeration
- China is a competence factory with systems optimised for industrial learning speed
- Everyone in Chinese manufacturing is used to moving quickly
- China's advantage is in industries where speed to iterate matters most
- To compete with Chinese factories look to produce products where you have a competitive advantage, eg. products that are bulky and expensive to ship, or where proximity matters most
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