For decades, labor cost differences have been a primary influence in the continuous shift of manufacturing production from the U.S. to China. In 1980, the cost of labor in the U.S. was more than 30 times of that in China.
Supplier deliveries continued to slow as manufacturers worked to restock their inventories, according to the latest figures from the Institute for Supply Management's manufacturing report, released Monday.
Capacity on the Transpacific lane is up 20% YoY, as carriers have injected resources into the trade lane resulting in "unprecedented capacity increases in Q4," according to a release from Sea-Intelligence.
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