Yes, but it makes sense to manufacture in Asia and Singapore is stable, bbusiness friendly, and can supply needed feedstocks. A middle finger China!
Yes, but it makes sense to manufacture in Asia”
Only if you don’t care about rebuilding America’s manufacturing base. Clinton and Obama always said that shipping manufacturing overseas made economic sense. Trump said something different. He said it was time to bring American industry’s jobs back to America.
Singapore is also a very expensive place to operate. I used to have a client with a facilities in Singapore and Malaysia, and schedule two weeks for a trip, split between the location. The weekends were mostly spent in Singapore.
In the Singapore facility, probably about 80% of the workers were brought in by buses from Malaysia. The workers couldn’t afford the Singapore costs.
To put it it into context, an order of ribs and a beer at a Chilli’s near the hotel would run about $54 Singapore dollars. At the time, one U.S. dollar was about $1.25 Singapore dollars.