Mountain Buggy Redundancies in more detail

NZI Business this morning played an item on Mountain Buggy and its production moving offshore.

Unfortunately as our earlier reports have mentioned, it is exceedingly difficult for local manufacturers to compete against their business opponents if they are manufacturing offshore, especially in China.

Wages rates in China are the equivalent of about $100 US per month, and unattainable wage rate in NZ. Akin to nearly all manufacturers, including the new owners Phil & Teds, intellectual property is retained in New Zealand and production is moved overseas, generally to a lower cost base.

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