Much at stake over Mattel recall: Investor’s Business Daily
August 14th, 2007 by Administrator“Never mind cheap. Now ‘Made in China’ makes you think of suicides, executions, product recalls and export bans.” So writes Reinhardt Krause in his recent article for Investor’s Business Daily.
U.S. companies that do business in China are scrambling to better police their suppliers’ production lines. While rogue suppliers have tainted China’s image, sometimes its factories just struggle to be up to snuff.
“China is still very early in its industrial development and sins of omission are probably more likely than (purposeful) sins of commission,” said Kent Kedl, general manager of Technomic Asia, which advises companies sourcing out of China.
Read the full article from IBD via Yahoo.
