It is well known in the general aviation business that the manufacturing of small aircraft, corporate Jets, and even airliners is slowly shifting to China. A similar thing is going on in the recreational marine boating business, plus they are needs to build luxury cruising yachts in China. Previously, these were making many of the components, now they are making entire luxury yachts. But before you complain, realize that China is really a huge market for yachts, and the Chinese are just naturally boat people (remember the Treasure Fleet), especially those that live close to the water, or in the major cities and also have accumulated many wealth.
There was an interesting article recently published in Bloomberg Business Week (May 9 – May15, 2011) titled “China’s Next Port of Call: Luxury Yachts” which stated that the industry is headed to China, and the luxury yacht makers of Europe, Australia, and the united states will slowly see the disappearance of companies making high-end yachts, as there is absolutely no way they will be able to compete. A few reasons things are floating to China as per this article;
1. – Lower Costs and rising wealth fuel growth at mainland boat builders.
2. – They use boats no differently than they might a karaoke lounge.
Okay so mauerdurchführung can the these boats be produced less expensively with low-cost labor, but the Chinese luxury cruising yacht business is booming with many wealthy Chinese seeing this as the ultimate for their wealthy status. This article also stated that the Chinese lack the intensive knowledge to build these yachts, but that they are catching on quickly by making use of foreign partners. In analyzing the problem, I start to see the Chinese as capturing this industry aswell.
No, it doesn’t bode too well for those in Florida that are yacht builders, and employ thousands of people. Each time we talk about manufacturing in the usa, we talk about how jobs have increased, and we are the major manufacturer to the world, however in reality China is passing us, plus they are creating jobs quicker than we have been, and also if their economy sputters, they’ll end up over time with an excellent chunk of our manufacturing industrial base.
Along with such super specialties as the making of airliners, corporate Jets, luxury yachts, along with other items that Americans currently seem to excel at. Needless to say, there are a variety of yacht manufacturers in the Mediterranean, and they too may lose those jobs to China. Would you buy a luxurious cruising yacht from China? Even when you say no, what if I said you could buy it for a third of the cost, or even half? You see, even you’d to stop and think about that. Please consider all of this.