Low-end factories are no longer the future, and the cost of doing business is rising. China’s factories are starting to hum again, and the country’s exports were up 46% in February over a year before. But a problem is emerging. As hard as it may be to believe, those factories can’t find workers.
For the first time since Bloomberg BusinessWeek began its annual Most Innovative Companies ranking in 2005, the majority of corporations in the Top 25 are based outside the US. The reason: the new global leaders coming out of Asia.