Nov 16
A quick note from a friend at one of the large freight forwarders leads me to believe that we are in the initial phases of a restocking:
I don’t know what’s going on, everyone, needs everything yesterday and no capacity in the market…. total boom…
Anyone else seeing signs that Dongguan is about to have the lights turned back on?
Stumble it!
November 16th, 2009 at 8:59 am
Very, very indirectly, yes. Indirectly because we are getting more calls from companies wanting our assistance in writing or revising their OEM supply agreements. My problem though is that I tend towards perpetual optimism so I may be mistaking an extra phone call here and there as a green shoot, but I am “feeling it.”
November 16th, 2009 at 9:05 am
Or are we speaking way too soon: http://www.china-works.co.uk/blog/2009/11/exports-imports-infrastructure-spending/
November 18th, 2009 at 5:20 pm
We have been seeing the lights come up in Dongguan for some time now. The issue now is capacity. Many factories in the PRD are having a difficult time recruiting workers, especially skilled workers.
November 19th, 2009 at 7:33 am
@Dan.
I can safely say that the buzz is picking up in Shanghai again – not sure it will sustain, but Expo nearly guarantees we will be wrapped in a bubble for the next 12 months.
November 19th, 2009 at 7:34 am
@sinofactory.
I was speaking with old client, and he estimated needing 1 year to be fully online. He was not looking forward to it.
R