Taiwanese mega giant electronics manufacturer, Foxconn, may be considering opening a plant or plants in the US sometime soon. Reports have them looking at and doing evaluations in cities such as Detroit, MI and Los Angeles, CA.
Foxconn, the world’s largest electronics manufacturer, produces the iPhone and other Apple products, and manufactures products for the likes of Samsung, Sony, Acer, Motorola, HP, Dell, Toshiba and a host of others.
While headquartered in Taiwan and with plants around the world, the bulk of Foxconn’s manufacturing is done in China. With rising labor cost and even unrest (reportedly, there are over 100 protests a day in China, some political, some labor), coupled with the always high cost of shipping, could this Foxconn announcement be the start of a new trend?
Could current Chinese labor and logistic factors and conditions mean that multi-nationals and even American companies who look to China for product and manufacturing savings, might visit the idea of investing domestically?
Or, is this a PR stunt and a one-off attempt to deflect criticisms of harsh working and living conditions of one of the largest companies in the world—publicity that is trickling down to the brands themselves—tarnishing their image?
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Is this the start of a new ‘insourcing’ trend; a PR stunt; or really not much news at all, just an international company planning on a little expansion?