Memex Automation CEO David McPhail Explains How C-Level Executives Sustain Manufacturing
According to David McPhail, President and CEO of Memex Automation, “Modern manufacturing equipment costs the same (in equivalent currencies) across all manufacturing jurisdictions (North America, Europe, China, India, etc.). Raw materials are priced as commodities in a common currency (usually USD). It is the cost of labor that varies widely between manufacturing zones. The true cost of labor contains all the usual overhead costs that manufacturers are required to pay (taxes, health care costs, insurance, burdens, etc), and is not...
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