German business returns production to homeland


Many German industrial companies began to move their production to Germany, leaving in the past the mass allocation of industrial capacity in Asia, and mainly in China. Adidas, BSH, Rowenta and others are among such companies, Deutsche Welle reported. The factor of cheap labor has ceased to be important. Now the attention of entrepreneurs shifted to technological development, providing a high level of interaction between production systems. In addition, Chinese factory wages have risen, and labor in China has ceased to be cheap. The second reason for the return of production to homeland is its placement near the client. Therefore, German professor, Steffen Kinkel, believes that the transfer of production to Germany and the European Union as a whole will gain momentum.

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