Made In America
In the past decade, the low cost of labor in countries like China, Taiwan, and the Philippines naturally caused a large amount of US furniture to be imported. We’ve especially seen this amongst hotel FF&E renovations.
But new reports from the U.S. Bureau of Labor Statistics, The Boston Consulting Group, and Old Dominion Freight Lines are telling a different story. With the inflation rate skyrocketing in China and high productivity in the US, cost of production is expected to be equal in China and the U.S. by 2015. This infographic looks not only at that productivity for furnishings made in America but also the disparity in freight costs when shipping large containers.