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AsiaInspection Barometer - Q1 2013 The Truth About China

The Truth About China

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This quarter's AsiaInspection Barometer dives deep into the the current state of affairs in manufacturing and trade across the globe, with a special focus on the US and China. Visit http://www.asiainspection.com to find out more.

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Page 1: The Truth About China

AsiaInspection Barometer - Q1 2013

The Truth About China

Page 2: The Truth About China

Source: http://news.thomasnet.com/IMT/2013/03/14/china-widens-lead-as-worlds-largest-manufacturer/

Of the world’s goods now come from China

Page 3: The Truth About China

$2.9 Trillion USDIn 2012 their manufacturing output reached

Source: http://news.thomasnet.com/IMT/2013/03/14/china-widens-lead-as-worlds-largest-manufacturer/

Page 4: The Truth About China

than the US ($2.43 Trillion)

20%moreThat’s…

Source: http://news.thomasnet.com/IMT/2013/03/14/china-widens-lead-as-worlds-largest-manufacturer/

Page 5: The Truth About China

45 Airbuses

If you were to fly that money to the US in $100 bills you’d need

Page 6: The Truth About China

There are talks of manufacturing returning

to the West, but…

Page 7: The Truth About China

US manufacturing output dropped

in Jan 2013-0.4%

Source: http://www.federalreserve.gov/releases/g17/20130215/

Page 8: The Truth About China

US imports from Asia increased

in Jan 2013+23%

Source: http://www.zepol.com/BLOG/post/2013/03/15/US-Customs-Trade-Data-February-2013-Import-Update.aspx

Page 9: The Truth About China

And the EU also saw a big decline in

manufacturing output in Jan 2013

-1.7%

Source: http://www.tradingeconomics.com/euro-area/industrial-production

Page 10: The Truth About China

Western brands say that they want to bring

manufacturing "back home"

Page 11: The Truth About China

committed to invest US$50 billionin “Made in America” products over the next 10 years

Source: http://www.reuters.com/article/2013/01/15/us-walmart-us-idUSBRE90E0MB20130115

Page 12: The Truth About China

But this only amounts to

0.93% of their total sales

Page 13: The Truth About China

So can the West really compete?

Page 14: The Truth About China

China is predicted to be the world’s

BIGGESTeconomy by 2016

Source: http://www.oecd.org/eco/surveys/economicsurveyofchina2013.htm

Page 15: The Truth About China

but…

quality & safetycan be hit and miss

Page 16: The Truth About China

16,000diseased pigs

were dumped in Shanghai’s drinking water in March

Source: http://www.guardian.co.uk/world/2013/mar/29/dead-pigs-china-water-supply

Page 17: The Truth About China

It’s hard to visualize that many pigs…

But if they were to line up, they’d cover

28.8km

HHHH

Page 18: The Truth About China

HHHHUnderground traders buy pigs that

have died from disease and sell them

$

The scariest part is…

Source: http://english.peopledaily.com.cn/90882/8191519.html

Page 19: The Truth About China

There is a silver lining though…

In Q1 2013 Inspections of Food and Food Packaging items surged

+212%

Source: AsiaInspection Internal Figures

Page 20: The Truth About China

And overall inspections performed in China increased

+27%

Source: AsiaInspection Internal Figures

Page 21: The Truth About China

But is it enough?

Page 22: The Truth About China

Factory Fires in Asia killedHUNDREDS

in the past few months

Source: http://www.cleanclothes.org/resources/ccc/working-conditions/fatal-fashion

Page 23: The Truth About China

Usually because the windows were barred and people couldn’t escape

Source: http://www.cleanclothes.org/resources/ccc/working-conditions/fatal-fashion

Page 24: The Truth About China

“The only safeguard for workers and brands is to ensure business is

conducted only with factories that meet or exceed safety standards”

Sebastien Breteau, CEO of AsiaInspection

Page 25: The Truth About China

Manufacturing growth in Asia is boomingdespite these challenges and China is

branching into new areas

+42% +212% +36%

Industrial & Mechanical Items

FoodProducts

Body Care Products

Source: AsiaInspection Internal Figures

Page 26: The Truth About China

The Truth about China?

It’s going to be hard to catch…

Page 27: The Truth About China

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