As a country with a service-oriented economy, the United States has the world's top research and development capabilities and technological innovation capabilities. At present, the United States proposes to regain the slogan of manufacturing powers and is actively developing manufacturing. With the rise of labor costs in China in the past two years, the return of US manufacturing has become more natural.

 

As for the impact of the US manufacturing industry's return on China's mold industry, industry insiders said that China's mold companies still have their own cost advantages so far. If US mold companies produce molds locally, the cost is still high, but sending mold design to Chinese companies will save a lot of money. However, in the long run, the return of US manufacturing will have a certain impact on the Chinese mold industry.

 

Although the domestic mold price is relatively low and has a cost advantage, it is actually the result of excessive competition in the industry. In the next 3 to 5 years, due to the continuous increase in labor costs, the competition between the mold companies will intensify and the profits will be further compressed. Such a vicious circle will cause many enterprises that have no funds to carry out technological innovation and upgrade in time to face the risk of being eliminated.