Manufacturing Production Costs Change Radically, Favor US and Mexico | Competitiveness content from IndustryWeek

When it comes to where to site a factory for manufacturing competitiveness, be prepared to throw the old stereotypes out the window.

Over the past decade, the U.S. and Mexico have become “rising stars” among the top 25 export economies while China and Brazil are among the countries that have seen their cost advantages erode significantly, new analysis by the Boston Consulting Group shows. Overall costs in the U.S. are 10% to 25% lower than those of the world’s 10 leading goods-exporting nations with the exception of China.

According to BCG, the top 10 most competitive export economies are: China, United States, South Korea, United Kingdom, Japan, Netherlands, Germany, Italy, Belgium and France.

via Manufacturing Production Costs Change Radically, Favor US and Mexico | Competitiveness content from IndustryWeek.