Supply Chain vs. Cost of Labour

Description

Romano Prodi, CEIBS Sino-Europe Dialogue Chair, former Prime Minister of Italy and former President of the European Commission, explains why Apple continues to produce iPhones and iPads in China despite rising labour costs and how this illustrates the growing importance of Asia's supply chain. His comments came in a lecture given at the CEIBS Beijing Campus on May 26 entitled "A New Global Industrial Map".