After convincing the world that they were the next economic superstars, three “BRIC” nations (Brazil, Russia, India), are sliding down the list of expected power players. As the exception, having proved all previous predictions to be right, China remains the most competitive.
However, according to Deloitte’s 2016 Global Manufacturing Competitiveness Index, “its future competitiveness is expected to have different attributes. Rising costs, an evolving middle class, changes to its ‘one-child’ policy, and greater focus on technology and innovation may soon change China’s global manufacturing trajectory.” Simply put, as China’s middle class expands and its economy shifts toward technology, other countries will maneuver to become the next go to countries for low cost manufacturing. So, which countries are coming into focus as significant potential competitors to China’s lead for low cost manufacturing? Continue reading How China Compares With Other Southeast Asian Nations For Manufacturing Labor Intensive Consumer Goods? “The Rise of the Mighty Five (MITI-V)”
The price of paper and wood pulp on the global market has been on the rise for the last few years, which in turn is causing an increase in the cost of packaging for many businesses in China. But, why are paper and pulp prices rising?
One reason for the rising prices is an increase in e-commerce activity, which has accelerated the need for cardboard boxes. Another reason for the hike in paper prices is that toward the end of 2013, the Chinese government began its air, water and soil pollution prevention plans. Continue reading China sourcing: Pulp-based Packaging Price Status & Outlook
Join us for the first Summit of the Futureworks Incubator Program! You will have the chance to meet mentors just like David Chitayat, CEO at Genimex, with expertise in business, manufacturing, and design so come prepared with all your questions on manufacturing, prototyping, quality standards & quality control, and more. The Genimex team is ready to help! The event will be held at 9.30am at the Kickstarter headquarters in NYC. (58 Kent Street Brooklyn, NY 11222)
In addition to sharing a meal with like-minded professionals, attendees will learn about tips and best practices for manufacturing products as well as what common mistakes are made and how to avoid them. You will also learn about the latest trends and strategies in product design & development, manufacturing and supply chain management. The event will start at 1pm so please arrive at 12.45pm at TheFarmSoho (447 Broadway, 2nd Floor)
Join us for the first 2017 Workshop of the Futureworks Incubator Program! Startups such as StrongArm, BotFactory, Dog Parker, Wear Works and more have been part of this program and we are excited to meet the 2017 cohort. Come hear stories of how entrepreneurs continue to navigate from idea to prototype to manufacture and scale. Genimex will be mentoring companies taking this program. The event will be held at 6pm at A/D/O, a new design space in Brooklyn, NYC. This is a workshop where we will be engaging in a few simple exercises with the panelists, and will ask you to participate and get to know one another!
“The trajectory of the next four years will hinge on whether China and the United States can avoid a trade war or any other kind of War.” ~ Richard Haass, president of the Council on Foreign Relations
In early April, President of the United States Donald Trump and his Chinese counterpart President Xi Jinping of China dined together at Mar a Largo. How cordial the dinner would be and what would be discussed were matters which the entire world was waiting to know. The relationship didn’t start well, though. As president elect, one of Trump’s first calls went to Taiwan’s president. China took that as a slap in the face to nearly fifty years of diplomacy.
Continue reading The United States/China Manufacturing Relationship: A 100-Day Plan
Exciting hardware startups and creators of Japan will come to NYC alongside investors & community supporters. Exciting hardware startups and creators of Japan will come to NYC alongside investors & community supporters. NYDesigns, an incubator for design and hardware tech startups in Long Island City, NYC’s fastest-growing neighborhood, will host a series of meetups. Genimex is excited be part of Day 1 on April 17th 2017 Monozukuri Meetup featuring Rapid Prototyping & Design for Manufacturing so come see us present Genimex to this community of inventors and startups.
Come meet our team at the International Home & Housewares Show March 19th & 20th 2017 where art intersects with engineering and technology informs style. Come discover with us the latest innovations and trends. Make your appointment now by calling us at 1-855-GENIMEX (436-4639) or email us.
China’s ultra-pragmatic approach to profitability, makes adherence to even the minimum requirements of social compliance increasingly problematic. Rapidly evolving socio-economic conditions mean that the once seemingly infinite labour pool responsible for up to 80% of the world’s manufactured goods*, is shrinking; whilst blue-collar workers’ wages have quadrupled. In addition, raw material costs have risen steeply and the renminbi (RMB) has appreciated. At the same time, there is continuous downward pressure on the prices customers are willing to pay for the goods produced.
Continue reading The Importance of Social Compliance in China
We are now seeing how the advent of 3D printing, or additive layer manufacturing, is changing the way things are produced. In 3D printing, computer designs of an object are sliced up into hundreds of horizontal layers, which are then printed on top of each other from bottom up to form the final product. The possibilities are limitless – in fact, researchers have experimented with printing edibles and even living muscle tissue.
Continue reading Is 3D printing a threat to the manufacturing industry of China?