What are the major benefits to philips of shifting so much of its global production to china?

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02-08-2022
Business

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What are the major benefits to philips of shifting so much of its global production to china?

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AmitPaswan AmitPaswan · Answer 1 · 2022-08-14T18:04:50+02:00

There were many major benefits to philips of shifting so much of its global production to china.

China is an attractive production location for Philips. Perhaps the most important benefits to philips is the country’s cheap wages. In addition, the Chinese workforce is well educated, the economy is strong, and many of the company’s suppliers are doing business there.

Using China as a global supply base from which to serve the world offers several benefits to Philips. By having a single production location, the company can capitalize on costs savings that come from economies of scale as well as the low wages in China.

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