Just 15 years ago, China was home to 200 foreign-run R&D centers. Today, multinationals operate more than 1,500 innovation facilities throughout the country - and this number is poised to increase 20 percent by 2018. But this trend involves more than sheer presence.
China will be the focus of many, many boardroom discussions around the world in 2015. Unlike most previous years, the topic won't be whether to double down on China - it will be whether to hold or even reduce exposure to a particular sector or the country overall. With China experiencing lower growth, greater competition, and more volatility, it won’t only be multinational companies having these conversations.
Despite a slow economy, North American CEOs have their sights set on growth, expecting their companies to increase revenues by an average of 14.6 percent over the next three years, according to the 20th Annual Survey of Third-Party Logistics Provider CEOs.
As costs of production and labor continue to increase in China, U.S. manufacturers are increasingly focused on product and process innovation and supply chain efficiency to boost productivity and manage costs. This was according to top executives from leading U.S. companies in China at the AmCham Shanghai 2013 Manufacturing Summit on October 17.