A new ranking of the world’s most competitive manufacturing nations has placed Britain fourth behind China, US and South Korea.
The new ranking was compiled by Boston Consulting Group (BCG) using a proprietary index that focuses on four major factors: wages, productivity growth, energy costs and exchange rates. In putting the list together BC found that low cost manufacturing economies are coming “under pressure” from “rising star” nations – particularly the US. The USA’s competitiveness as a…
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