Companies in Asian nations are starting to bring manufacturing operations back into their largest sales markets.
In doing so, they are using robots and new automated technologies to create factories without human workers because it’s getting too expensive to pay these employees.
In China, for example, manufacturing wages are currently nine times greater than they were in 2000, according to Merrill Lynch.
Some of the companies taking this approach include Apple, Nike, and Adidas, according to The Wall Street Journal.
Bringing these operations back to the largest sales markets allows companies to reduce warehousing costs and shipping fees and speeds up the time it takes to bring new products to market.