Manufacturing cost competitiveness around the world has changed dramatically over the past decade—so dramatically that many old perceptions of low-cost and high-cost nations no longer hold.
The new BCG Global Manufacturing Cost-Competitiveness Index shows how the production costs in the world’s ten largest goods-exporting nations changed from 2004 to 2014 relative to the U.S. The index covers four primary drivers of manufacturing competitiveness: wages, productivity growth, energy costs, and currency exchange rates. The U.S. score of 100 serves as the benchmark. More
How Global Manufacturing Cost Competitiveness Has Shifted Over the Past Decade