Few would argue that China has become the world’s leader in manufacturing, due largely to its lower labor wages and enormous pool of workers. That’s only one side of the manufacturing dominance equation, however. Due in part to a corporate culture steeped in tradition and hierarchy, China has been sorely lacking in innovation. This, however, […]
To borrow a phrase from Mark Twain, tales of the demise of U.S. manufacturing have been greatly exaggerated. Yes, times have been tough. Yes, the U.S. economy has been stuck in the doldrums of an oppressive, multi-year recession. And, yes, the manufacturing industry, once the foundation of the U.S. economy, has experienced a decline never […]
Over the past few decades, manufacturers have moved much of their production overseas to factories in lower-cost regions, such as China, Mexico, and India, to reap the benefits of lower wages and materials. Over the past two decades, the U.S. has lost nearly six million manufacturing jobs, while workers employed by U.S.-based companies in low-cost […]
Despite several back-to-back years of worldwide recession, the economy of China is still booming. Partially stabilized by the government’s heavy investment in infrastructure (30% increase over previous year) and the increasing needs of its own domestic market, the Gross Domestic Product (GDP) of China grew 8.7% in 2009 despite a brutal global recession. As part […]
The combination of increased globalization and worldwide competition has pushed product design into becoming a price-sensitive commodity, increasingly subject to outsourcing to developing companies overseas. In a previous post, we talked about how the number of product design centers in China is booming due to the plentiful supply of cheap design talent, low manufacturing costs, […]
No longer does the size, shape or color of currency matter. The dollar is weak, as is the Euro and the Japanese yen. A multi-year global recession coupled with increased competition has left many of the world’s largest economies in a major slump. Though the U.S. remained the world biggest manufacturing nation by output in […]
During our PlanetPTC Live events, we captured the great reactions we’ve received from our customers about Creo. Here’s some from those attending the PlanetPTC Live event in Shanghai during December. Note: The videos are in Chinese language. “Creo has so many capabilities, it’s really cool”. “Creo can fully meet our future needs.” “Creo is very powerful […]
Here’s some of the great reactions we’ve received from media and press in China regarding Creo. “With Creo, PTC is raising the game for manufacturers by developing solutions that will enrich the development and manufacturing process. This is extremely relevant to today’s China as we is try to innovate in manufacturing and raise of levels […]
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