Answer from Scott Klauder:
Quote:
of course the growing economy overseas is a big part of rising prices... but there's also the raising price of oil... the materials needed to create the products, plus the running of the factories, plus the shipping ALL rely on oil.
plus, the overseas manufacturing policies are all changing now... including environmental laws, so factories are having to move, as these laws force them to move to a different area... they are becoming much more stringent.
which is not a bad thing, but the downside is that it DOES increase cost
the interesting thing for me as an individual is to see the growth in the middle class in China... there was never a middle class until now. It's been very interesting and intriguing to see a country grow like that, just over the course of my tenure as production manager.