Cheap labor has earned China the title of "the world's factory" for years, but that advantage is fading away. Developed countries in Europe and the United States have proposed "re-industrialization", the manufacturing industry in Southeast Asia is also rising strongly, and various forces are impacting the status of Chinese manufacturing.

Cheap labor has earned China the title of "the world's factory" for years, but that advantage is fading away. Developed countries in Europe and the United States have proposed "re-industrialization", the manufacturing industry in Southeast Asia is also rising strongly, and various forces are impacting the status of Chinese manufacturing. On January 5, Dongguan Zhaoxin mobile phone foundry reported that the company had closed down and was besieged by suppliers. Chairman Gao Min committed suicide after leaving a letter. Just two weeks ago, Suzhou Lianjian Technology, a well-known domestic mobile phone parts foundry, announced its closure, and Honghui Technology, a Nokia mobile phone parts supplier, dismissed most of its employees and shut down production. Industry insiders estimate that at least hundreds of large factories in Dongguan will close down or stop production before the Spring Festival.

Once made in China came to the forefront of the world with the symbol of "Made In China", Chinese factories have become the largest purchase targets of overseas companies, but now, cold waves are constantly hitting, and news of corporate bankruptcy has come out one after another! In this regard, Luo Baihui, vice president of Dongguan Robot Technology Association, said that due to the sluggish world economy in recent years, domestic production costs have continued to rise, and the factory technology is backward and cannot be compared with advanced countries, making the domestic manufacturing industry face huge pressure. There are many phenomena at home and abroad that show that the traditional manufacturing industry is bound to be eliminated. If enterprises refuse to spend capital to transform and upgrade, they have to face the nightmare of bankruptcy. However, Luo Baihui pointed out that in recent years, many far-sighted companies have begun to upgrade and transform their factories. They have introduced a large number of robots and automated production equipment to improve the efficiency of factories and minimize labor costs. A new manufacturing model is brewing. In the future, the factory will produce higher efficiency with less manpower. In the future, the manufacturing industry can realize the network customization mode through the Internet of Things in the factory.