RE: COVID-19's incubation period also applies to the stock markets
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Yeah black swan spreads those wings at the same time the plauge is here.
It's bad. No joke. And shows why your sourcing can't totally rely on Chinese manufacturing.
Time to bring those jobs back home to the local people.
Europe is already screaming. USA is pinched as most health care supplies needed are one use and from China.
Just imagine the healthcare bill over this. Time for that health care reform. The nation is going to be crushed.
China might get off lucky. If they get through the flu first? Then while we are down. Easy win.
Crazy. New world.
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Very well said @ganjafarmer. Black swan is spreading it's wings and it's already clear that very difficult and challenging times are ahead of us :(
Local people will not be interested with most of those manufacturing jobs. That's the problem. People living in developed countries do not like to work like ants and being paid pennies.
If we would bring those factories to our countries - then price of final goods would double or tripple. Simple as that.
Easiest way for us to get around all that manufacturing is to invest heavily in 3D printing as well as open up the market for more CNC machines.
start manufacturing our own products using the same process that the Chinese people do to alleviate the labor.
One worker can do 20 times the work with an entire shop of CNC and 3D printing machines.
Bring down costs absolutely it will and it will also empower local industries to source all the manufacturing in house
Posted via neoxian.city | The City of Neoxian
It's me again @ganjafarmer
I would need to ask you for little favour. Recently I've decided to join small contest called "Community of the week" and I desribed our project.hope hive/community. Would you mind helping me out and RESTEEM this post - just to get some extra exposure? Your valuable comment would be also appreciated.
Link to my post: on steemit or on steempeak
Thanks :)
Yours, Piotr