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Add Electronic signature Form Fast. Discover probably the most customer-warm and friendly knowledge of airSlate SignNow. Manage all of your papers processing and revealing system electronically. Change from portable, paper-centered and erroneous workflows to programmed, electronic digital and faultless. You can easily make, produce and indicator any documents on any product anyplace. Be sure that your crucial organization cases don't slip over the top.
Find out how to Add Electronic signature Form Fast. Adhere to the simple information to get going:
- Build your airSlate SignNow profile in click throughs or log on with your Facebook or Google profile.
- Enjoy the 30-day time free trial or choose a prices program that's great for you.
- Find any lawful web template, construct on the internet fillable kinds and reveal them securely.
- Use sophisticated characteristics to Add Electronic signature Form Fast.
- Indication, customize signing purchase and accumulate in-particular person signatures 10 times faster.
- Set automated alerts and receive notifications at every step.
Relocating your activities into airSlate SignNow is uncomplicated. What follows is a simple procedure to Add Electronic signature Form Fast, together with ideas to keep your fellow workers and partners for far better cooperation. Encourage the employees with the greatest resources to stay along with organization processes. Boost productiveness and scale your business speedier.
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FAQs
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What is the difference between a digital signature and an electronic signature in your professional opinion?
Both terms - “electronic signature” and “digital signature” - are often used interchangeably, they aren’t exactly the same. Electronic signatures could be considered virtual representations of a pen-and-paper (“wet”) signatures. Digital signatures, also called cryptographic signatures, are a type of electronic signature that’s coded and encrypted in order to prevent the impersonation of a signee, tampering, and improve security overall.The main difference is that a digital signature is mainly used to secure documents and is authorized by certification authorities while an electronic signature (e-signature, e-sign) is usually associated with a contract where the signer has got the intention to do so: Difference Between Digital Signature and Electronic SignatureE-signature helps an individual to show his agreement to the conditions and terms of an electronic service. It can also be used to confirm the identity of the message's creator. Many countries give the same legal importance and significance to e-signatures as to traditional ways of executing documents. Here are the features of some most popular tools in this area: Best E-Signature Software Reviews & Comparisons | 2019 List of Expert's ChoicesWith electronic signature tools you avoid signing digital documents by hand - which is tedious cause otherwise you need to print, sign and scan all that stuff - that’s why such tools are on the rise. If you work with such signatures often, maybe you need some simple free tool which is specialized exactly for your business tasks. It really depends on the purpose for which you need this to sign an already typed document - it is often better to use a specialized tool, like Draw Your Signature Online and Sign PDF - CreateMySignature.com (instead of a regular image editor) to streamline your business documents workflow.
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How do you add a digital signature to an online form?
HiThere are many ways you can add a digital signature to an online form. If it is a form you have filled in, you can then download it and upload to a signature service provider and apply the signature. Take a look at the E-Sign tutorial video here:Electronic Signature & Secure Document Solution | E-SignOr, if you are generating an online form that you want people to sign, there is a fast form service. Here companies like ours can take your form, digitise it and provide you with a link to place online. An example of this and further details can be found here:Electronic Signature & Secure Document Solution | E-SignI hope this helps
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Why were the Americans more successful at finding enemy carriers than the Japanese during the Pacific War?
At a tactical level, the premise of the question is arguable.As Gheorge Rider points out, US intelligence was much better, so US carriers showed up to a fight having some idea what the IJN would bring. But once within range, both sides needed to locate the enemy carriers and attack them. Japanese carrier aircraft were longer ranged than US carrier aircraft, an advantage that the Imperial Japanese Navy tried to exploit in battle, but it didn't always work and by 1944 the US had negated that advantage.Let's take a look at each of the carrier-on-carrier battles in the Pacific in World War II.Battle of the Coral SeaIJN: search pattern on May 7, 1942 - 250 milesIJN: search pattern on May 8, 1942 - 250 milesUSN: search pattern on May 7, 1942 - 250 mileUSN: search pattern on May 8, 1942 - 200 milesBattle of MidwayIJN: search pattern on June 4, 1942 - 345 milesUSN: search pattern on June 4, 1942 - 100 miles (Note: the US relied on air searches flown from Midway)Battle of the Eastern SolomonsIJN: search pattern on August 24, 1942 - 250 milesUSN: search pattern on August 24, 1942 - 200 milesBattle of the Santa Cruz IslandsIJN: search pattern on October 26, 1942 - 300 milesUSN: search pattern on October 25, 1942 - 200 milesUSN: search pattern on October 26, 1942 - 200 milesBattle of the Philippine SeaIJN: search pattern on June 18, 1944 06:00 - 425 milesIJN: search pattern on June 18, 1944 12:00 - 420 milesIJN: search pattern on June 19, 1944 04:45 - 350 milesIJN: search pattern on June 19, 1944 05:15 - 300 milesIJN: search pattern on June 19, 1944 05:30 - 560 milesUSN: search pattern on June 18, 1944 05:35 - 325 milesUSN: search pattern on June 18, 1944 13:30 - 325 milesUSN: search pattern on June 19, 1944 02:00 - 225 milesUSN: search pattern on June 19, 1944 05:30 - 325 milesBattle of Leyte GulfNote: I have no information on Japanese and US search patterns.(Details above from Lars Celander's How Carriers Fought: Carrier Operations in World War II.)All of the above searches were flown either by carrier aircraft or float planes from surface warships. The IJN relied on float planes flown from its cruisers to supplement searches flown from aircraft carriers.All of the above battles were fought within range of land based aircraft, sea planes or float planes, all of which were used as scouts and played a part in the battles.In general, IJN search patterns tended to be broader, usually covering 170 - 180 degrees, while US search patterns were more focused, usually 80 - 90 degrees. The Battle of the Coral Sea was an outlier for the US Navy: Fletcher ordered a 360 search. US searches were more focused because their intelligence was better; they usually knew what general direction Japanese carriers were coming from and the Japanese order of battle.Through 1942, both sides assumed that the first side that delivered a strike on enemy carriers would win the battle. To get the first strike in, the enemy carriers had to be spotted. So both sides usually launched a pre-dawn search to find the enemy carriers and get the first strike off as soon as possible.But a lot had changed by 1944.The US had the Grumman TBF Avenger that had a longer range than the Douglas SBD Dauntless. The Avenger could also carry radar, so in the Battle of the Philippine Sea, Avengers were flying the longer US searches and night searches.By 1944 US carrier tactics had changed. US commanders were less worried about getting in the first strike and preferred to send off a strike of dive bombers and torpedo bombers with robust fighter protection that would attack at the same time, even if that meant conceding the first strike to the IJN. In 1944, the US had many more carrier decks and fighters, much better fighter control, much better anti-aircraft guns and fire control and better air search radars. So USN commanders knew they could fend off the first strike and get in a devastating counterattack.
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What is the best alternative to SignNow?
In a world of mobile app and the internet, why are you still collecting signatures on paper? Chasing people for signatures is slow and paper can get lost. SignNow lets you collect signatures and forms quickly and easily from any device. Use of esign app for electronic signatures is 100% safe and legal.There are 2 best alternatives to SignNow -eSignly - eSignly is an electronic signature solution that makes signing simple and fast. You only need to follow 3 steps and you are done -Choose DocumentAdd the name of all the people involved.Drag your signature and drop it where you need and click send.Features provided by eSingly are -In-person signing - Use an electronic signature app on your iPad to take the signatures.Security - All the electronic documents are protected by SSL encryption.Status Notifications - are sent when the document is reviewed.Audit Trail - Record of each party like name, address, IP address is maintained according to the date and time of the activity occurred.Instant verification is done by eSingly to validate the document.It supports all the devices such as Android, MAC, Windows, Linux, Mobile app, windows phone, etc.It works with applications like Dropbox, OneDrive, EverNote, Google Drive, etc.signNow - signNow Basic is the e-signature solution that allows you to easily sign a full range of documents and forms online without installation of any software. it also provides the digital signature app.Key Features of signNow are -It is secure and completely reliable.It offers 24/7 document control.To brand your user’s experience you can add your logo and color palette.Offers services to small, medium and large size enterprises.It also provides the mobile Signature feature.
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How can one be a successful luxury real estate agent?
Ah yes.The lifestyle of the rich and famous. Fast cars. Fancy outfits.Little stone statues at the front of the entryway. The allure is undeniable.And for real estate agents, the chance to eat a slice of the luxury pie is an alluring prospect indeed. ...Especially if that slice comes in the form of a 3% commission off of a multi-million dollar listing. But how does a realtor establish themselves as a luxury agent in the first place?Well, it’s not easy. You can obtain a GREL Certification, for starters.This will walk you down the path of becoming a legitimate, certified luxury real estate agent. But regardless, one thing is certain,To deal with luxury real estate, an agent needs to buckle down.Here are a five powerful tips that could fast track your goals to becoming a Luxury real estate agent.#1 YOU NEED TO KNOW WHAT YOU ARE DOINGBefore you even think of moving forward, ask yourself… do I know what I’m doing? There are many newbie real estate agents that jump from taking the test to becoming a luxury real estate agent.Unless you already have the background and experience in real estate, I strongly suggest you get some experience under your belt. That experience could help you avoid lawsuits and save you money.Simply taking 6 months to learn the ropes at a local real estate brokerage, while shadowing another successful luxury real estate agent, could be the difference in your failure or success. That extra experience will help you feel more confident when taking on a luxury listing and the mentor will help you develop the skills needed to be the greatest in your field.#2 YOU NEED TO LOOK THE PARTNormally we encourage real estate agents to relax and be themselves. Your clients will love you and appreciate your authenticity.Are you the laid back but trusted Realtor who wears jeans and flip flops every day? Show that in your marketing. Are you the young and modern Realtor with a focus on minimalism and technology? Show that in your marketing. I encourage agents to use their personality to market their businesses.However, when you are transitioning to luxury real estate, you need to figure out a way to make sure that your marketing and your style represents the luxury industry. Luxury real estate is a visual niche. The house, the car, the owners, the buyers and the agent all look the part.How to look like a luxury real estate agent? Here are some tipsPay for luxury branding – Make sure everything, from your website and business cards to your signs and advertising, is designed and printed to represent your luxury clientele.Dress to impress – Make sure your clothing is clean, pressed and tailored. First impressions go a long way when trying to win a listing. Just starting out? Purchase one or two neutral suits and multiple dress shirts/blouses. Keep them dry cleaned and wear those when meeting new clients or networking. The suits will be so neutral many won’t recognize you’ve worn it before. Switch up the blouses and/or dress shirts and you’ll always look professional and put together.Drive a nice car – It may sound vain, but in the luxury industry it is a necessity to make sure your car is nice, especially if you are driving luxury buyers around to look at homes. Your car should not only look nice but it should be clean and smell good as well. If you can't afford a luxury car, try Uber, a peer to peer taxi service, allows you to taxi luxury cars. Using Uber, you can sit in the back with your clients and they will get that luxury experience while going on walkthroughs.The only thing to look out for when using any taxi service is timing. This is why I don’t suggest using a taxi service when meeting with a seller unless you are paying them to wait for you outside. After presenting an amazing listing presentation you don’t want to be chilling around at a client’s house waiting for your ride.#3 YOU NEED TO UTILIZE THE LATEST IN REAL ESTATE TECHNOLOGYIf you want a luxury buyer to hire you as their agent or if you want to win a luxury listing, you need to show clients that you can provide them with the latest in real estate marketing and technology. Make sure you understand how to utilize the latest technology to find and market homes and that you can effectively combine that knowledge with traditional techniques.Remember, just having flashy tools isn’t enough. You need to know how to use them effectively to increase the client’s ROI.Technology Used by Luxury Real Estate AgentsElectronic signature softwareShowing feedback softwareInteractive yard signsBeautifully designed websites with powerful home search enginesActive social media and blogsCloud document storageVirtual phone numbersThe latest gadgets (Touch screen laptops, tablets, smartphones, etc.)#4 YOU NEED A LISTING PRESENTATION THAT WOWSTo win a luxury listing, you need to do more than click through a generic PowerPoint and pass out faded flyers and postcard examples. Instead – tweak your presentation to the property. Imagine the impression you’ll make when the seller sees a postcard with their house on it? And marketing that caters to their neighborhood and their current needs?Making those extra steps to personalize your listing presentation is worth the investment.Here are some key points to help you out.Pay for luxury branding – Make sure your listing presentation, listing package and examples are all professionally designed and printed to represent your luxury brand.Memorize your presentation – Although no two listing presentations will ever be the same, knowing the foundation of your presentation will be valuable. It will allow you to quickly and easily skip sections, answer questions without getting off-track and help you sound professional and knowledgeable about marketing real estate.Encourage participation – Get the sellers involved by allowing them to pretend to be buyers. Show them what happens when they text the number on the yard sign. Take them on a walk-through of their listings from your point of view. Luxury sellers are constantly being “sold” to. To get an edge, show them exactly why they should hire you. Actions speak louder than words.#5 YOU NEED TO SUPERCHARGE YOUR FOLLOW UPPotential clients searching for or selling traditional homes need basic follow-up strategies to convert them into clients. Those strategies include using the information collected in your CRM to send them email marketing, postcards and the occasional phone call.In retrospect, potential clients searching for or selling luxury homes need traditional follow-up combined with action to convert them into clients. Just sending a card that says happy birthday isn’t enough. For wealthy clients, sending gifts on birthdays and invitations to exclusive events in the area are key to establishing a healthy lead flow. Here are few tipsRemember the details – When you run into a potential luxury client, whether by chance or by a scheduled meeting, take notes and/or memorize the small details of their life. These small details include spouses, children, hobbies, vacation spots, etc. Make sure you put these things into your CRM and use these details to come up with innovative follow-up techniques.Use partner resources – Developing a lead funnel for luxury clients can be costly. This is why it is imperative to have partners that can provide discounts and resources to luxury amenities.The decision to buy and/or sell a luxury home isn’t an easy one. The real estate sales and lead cycle is already a long one – add in the luxury component and the lead cycle can be even longer. Don’t be discouraged if a potential client hasn’t responded after following up with them for longer than 3 months. Many times, they are busy, on vacation, or dealing with business. Unless they say “remove me from your list” keep marketing. You’ll be in the front of their minds when they are ready to hire a real estate professional.
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What's a safe website for fast cash loans?
Times can be tough, but that doesn’t mean you should settle for just any short-term loan you can find. Payday loans and installment loans aren’t legal in every state, and even if they are legal, lenders usually have to abide by strict regulations. Any lender that isn’t willing to comply with state law won’t be legit.Finding a legit lender doesn’t have to be difficult. All you need is a good sense of your state laws and a baseline for finding a good deal.What is a legit short-term loan?A legit payday loan is one that is offered to you legally. The lender needs to abide by the regulations set by your state, even if you are temporarily visiting somewhere else. Short-term loans can be applied for online and in-store but fall under the same regulations.Generally, short-term lenders have more relaxed criteria than banks and other lenders. You’ll be able to apply for a short-term loan if you have bad credit, are on a lower income or receive government benefits. However, the relaxed eligibility criteria does mean rates and fees are higher than other loans.Lenders still have to stick to state-mandated APR and can only lend up to the state’s maximum amount.Lenders must make a reasonable judgment on an applicant’s ability to repay the loan. The lender should assess factors such as income, housing expenses and existing debt in determining if the applicant can reasonably repay the loan.If a lender doesn’t ask you for any of that information or doesn’t attempt to evaluate if you can afford the loan, the lender probably isn’t legit. Since there are plenty of lenders that check, you should move on and find one that combines good terms with a strong lending ethic.
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What do you do everyday to promote your website?
Great question!There are several ways that you can promote your website. Here are a few of my favorites:Schedule social media posts (blog articles, quotes, bit size content from your website) via Hootsuite to post on multiple channels such to get maximum signNow.Channels such as Facebook, Instagram, LinkedIn, TwitterLook up hashtags specific to your business on Twitter and engage with others or even better yet provide them a free resource that you’re giving away (preferably one that leads back to your site).Engage with people on Twitter, Facebook, LinkedIn, and Instagram by asking questions, answering questions, and starting new conversations.Pin new content on Pinterest a couple of times a week.There are many ways you can promote your website and it’s hard to not to get overwhelmed–so pick a few and give them a try. Once you’re ready you can always do more to promote.
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What are some cool facts about the Universe?
We do not exactly know how Milky way looks if viewed from outside. Yes, you read that right. We just know that it’s a spiral galaxy and we cannot send a probe far enough to capture the entire galaxy. All the images you have seen are just artistic works created by looking at other spiral galaxies. Below is a false image of our Milky way.2. The universe is like a giant cosmic web with galaxies in filaments and empty space in between known as voids. It is hypothesized that our galaxy may be in one of these voids as there are not many galaxies surrounding us.Every small light in the picture is one whole galaxy.3. All the pictures of exoplanets we have seen are false too. All we know about these exoplanets is shown in the images below.This is the dip in the light of the star the exoplanet is orbiting when it passes in front of the star. We observe it through telescopes.Correction - There are some exoplanets whose direct images have been taken. But they are nowhere near to the images we see floating on internet. One such false image has been shown below.In reality, they are more like thisThe red spot is the planet and white spot in the middle is a brown dwarf also known as failed star.4. The distance between cosmic structures is so vast that it is irrelevant to depict them on paper with real proportional calculations as structures would be too small to see with naked eyes.So all the pictures we have seen with all the planets in the solar system in one picture is by use of improper distance. In a real sense, the Earth wouldn’t even be visible if we were to map the entire solar system on one piece of paper maintaining the proportions of distance between every structure.5. Moon revolves around Earth, Earth revolves around sun and sun revolves around the center of Milky way.6. Space itself can expand faster than light. This has already been happening.7. Most of the space inside atoms is empty space. If you think of the atom as big as a football field then nucleus would be size of a tennis ball and electrons would be at the edge of the field. If you do not leave any space between fundamental particles, all of humanity can fit in a sugar cube crystal.8. Quantum entanglement is a phenomenon where effects take place instantly over large distances (even faster than light). But we do not know how to use it to pass information.9. Space between stars in a galaxy is huge. It is so big that when Milky way merges with Andromeda in about 4 Billion years, there would hardly be any collisions between stars and mind you each galaxy has billions of them.10. As Milky way and Andromeda are going to merge in 4 billion years, our night sky view will change. Here’s what it will look like in about 2 billion years.That’s all for now. I will keep adding more as I come across.Edit 1: As many of you wonderful guys presented the fact that there are direct images of exoplanets that have been taken, I have modified point 3. Thanks for the important information.
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Why are Chinese products cheaper?
In the words of Tim Cook: "The popular conception is that companies come to China because of low labor costs. I'm not sure what part of China they go to, but the truth is China stopped being the low labor cost country years ago. That is not the reason to come to China from a supply point of view, the reason is because of the skill."Let us look at the concept of labor or the involvement of labor in an every-day product. Let us compare 2 products: a plastic fork vs a plush toy. Although both products fall on opposite spectrums of the consumer life cycle (one disposable whilst the other one is reusable), both are sure to be made in China.A plastic fork is made from food-grade Polystyrene (PS) plastic pellets or beads through a process known as plastic inject molding. In here the pellets are heated in a molding machine to a viscous state and are injected into a mold. The mold produces multiple sets of forks within a matter of seconds and from there on it’s as simple as detaching the forks from a sacrificial (?) holder or tool (this is also made of PS and in most cases is recycled). From here the product is moved into packaging and then sent out of the factory for export. A fully automated machine can be set to run continuously 24 hours a day with very little monitoring by a worker, thus being a low labor product.Now, let us look at that plush toy. The stuffed animal is comprised of textile material for the cover, stuffing, two eyes and a nose. The material must be cut into pieces, sewn together and stuffed. The nose, eyes and mouth are sewn onto the material together and stuffed, requiring skilled labor(-). The cutting of the pieces may be done by hand or by machine, but the pieces are sewn together by a worker using a high-speed sewing machine. Next comes the insertion of stuffing – this is rather complex for a machine to do, as such the insertion is done by hand and the insertion point is also manually closed. It is evident that this requires much labor, therefore, this type of a product is considered a high labor product with labor contributing 70% of the total cost [1]. In the end, much like a fork, the product is moved and packaged for export.Because labor is only one part of the total cost of a product, and in many cases it's as low as 20% of the total cost, – this must indicate that there may be other factors at play in making Chinese products, such as the fork. If labor were the only factor, then most of the “plush toy/labor intensive” industries would have shifted to other countries – but only some industries already have e.g. Bangladesh, Vietnam and Mongolia to name just a few. To that extent, manufacturing of plastic forks could possibly return to the USA; but that’s not happening.Industrial production does not take place in isolation, but rather relies on networks of suppliers, component manufacturers, distributors, government agencies and customers who are all involved in the process of production through competition and cooperation. The ecosystem of doing business in China has evolved quite a lot in the last thirty years. Here are the additional factors, including labor, that affect the overall cost of manufacturing and thus make Chinese exports cheaper:A. Commendable supply chain: Supply chain activities transform natural resources, raw materials, and components into a finished product that is delivered to the end customer. No country, at present, has a supply chain more sophisticated yet flexible than China. China’s biggest advantage is their domestic availability of most of the raw materials required to manufacture a given product [2]. Not only are private entities involved in the process of outputting raw material for manufacturing. Rather, many Chinese State Owned Enterprises (SoEs) actively control and output raw materials for small factories to transform into ready-made goods. If the government is involved in such activities, it is safe to assume that this is an active industry that requires not only oversight and monitoring, but active involvement. Access to affordable raw materials helps bring down manufacturing costs to a considerable extent. As a result, having suppliers who are local to the manufacturer has gained importance as a way to cut costs[6].B. Rebate upon Export: The export tax rebate policy was initiated in 1985 by China as a way to boost the competitiveness of its exports by abolishing double taxation on exported goods[7]. China is one of over 150 countries that utilize a Value Added Tax (VAT) system. It is a tax only on the "value added" to a product, material, or service at every state of its manufacture or distribution. The VAT rate is generally 17%, or 13% for some goods. Chinese companies receive a VAT refund from the government for materials of products produced for export. Basically, factories that export do not pay any VAT on goods or raw materials used made for export – further subsidizing raw material costs. American imports to China are charged a VAT, but the U. S. doesn't have a VAT to charge Chinese imports. Moreover, Chinese manufacturers work with far lower profit margins than those in the U.S.C. Efficient Infrastructure and Logistical Access: In its fast-paced effort towards industrialization, China has built many ports (big and small), roads and railroad access. Such a system is not secluded to the big cities (Tier 1 or Tier 2 cities), it connects all of them, including Tier 4 cities or small towns used as industrial manufacturing zones. Having an efficient logistical system allows for cheaper travel costs –the cost of units (kilometers or miles) per currency (dollar or RMB) decreases. Also, an efficient infrastructure reduces overall downtime. Such is the case of India, as pointed out by Vaibhav Mandhana [3]: “Given the poor roads, a shipment from India's north can take a week or more to signNow India's south. Sometimes it is quicker and cheaper to actually get a shipment from Shenzhen than Kolkata. Time is money and all those delays add to your cost. If I could get something in two days, I could sell it immediately rather than wait two months to sell it [add up the interest costs]”"The road freight from LA to Nevada will cost you a lot more than the sea freight from China to LA."[5]D. Subsidized Utilities and Availability: Within China’s industrial areas many fixed and variable production costs are heavily subsidized. For example: electricity and water are subsidized up to 30% compared to normal household or commercial zones. Moreover, the local government gives support with land access at competitive rates, creating jobs in the area. This further helps to diminish the cost of the end product – after all you have access to cheaper land, water and light (What manufacturing does not require these? - Hell, even mining bitcoin does!). In non-industrialized or not fully industrialized countries (Indonesia, Vietnam, India), access to water and electricity remains a critical issue, until today. “In Coimbatore and other industrial places, you get power for like eight hours a day. That means the machinery lies idle for sixteen hours and that wasted capacity adds to the cost.”Do we see a trend of several factors, other than labor, which affect the overall cost of the product? Hold on, there are more!E. Bureaucracy: Barriers for entry in China, in this context, are extremely low. Although you need to fill out a huge number of papers (Customs Declaration Form, Land Annexation, Tax Filing, Compliance Related Documentation, Drawback/Rebate Forms, Annual Returns and etc.), the process is not complex. Relevant departments and accountability are there; you do not need to grease palms to get what you need; streamlined government policies are in place. Again, non-industrialized countries do not have many of these processes in place – they are in the early stages, whereas China has been through all this. I am not saying China is pure and not corrupt, there might be corruption in some cases, but the overall industrial process is so deeply rooted, that people just follow established guidelines. Greasing palms and running around places to get a stamp or a signature causes further delays (time is money) and increases overall costs. This is considered more as “Political Will” than bureaucracy; meaning the government’s will to allow you to do business is prominent thus reducing barriers for you to do business or manufacture or engage in services.F. Technology and Automation/ Skilled Labor: It would be unreasonable to discard China’s interconnectivity between technological advancement and manufacturing capacity. They work hand-in-hand. Availability of the latest technology to manufacture products of a high quality on a large scale. And let's be honest, scalability can be a very important factor in deciding price of a product. Apart from technology, China has a large population, thus having a bigger access to a wide talent pool. Availability to a greater talent pool decreases the overall demand as there is an oversupply – again, denting the costs of the product. If you recall, Tim Cook's main reason for manufacturing in China is: the depth of highly skilled labor in the manufacturing space. To rephrase what Cook said: "No other country in the world besides China has the combination of an electronic component supply chain and large pools of skilled labor needed to make iPhones on the scale which Apple needs."G. Labor: It is comparatively cheaper to many so-called “developed countries”. You can have someone do the same labor task for a comparatively lower price than say Europe or the USA for that matter. This further brings down costs. As noted before, it is not the cheapest – but it is not the most expensive either. What is important to remember here is that labor in China, is skilled – although most laborers are not trained, but have learned by doing. When you outsource to China, you’re working with time-tested factories that have been producing quality products in similar industries as yours for years on end, and in massive supply.Where a labor task might cost you $8-9 USD/hour in developed countries, it will cost you $450-500 USD for an entire month in China (8 hours a day, 28 days a month). If you do the math, that’s about $2.19 USD/hour. Countries like Indonesia a semi-skilled laborer will do it for half, $1.05 USD/hour – but the manufacturing process will be influenced by factors all the factors mentioned.H. Local Government: Local government officials are appointed, not elected. Part of their job is to help the industries and they are measured by results. Furthermore, locals compete with each other. That means Suzhou is competing with Chengdu to attract industries, and so on. Hence officials are always using their local advantages to help, attract, and grow industries, such as providing low cast land, building industrial parks, and making sure that the support infrastructure (roads, electricity, water, etc.) even local housing and schools are there. Since these officials are not elected locally, their actions are much more efficient rather than dealing a motion to go through town hall meetings or waiting for a ballot to pass for months. The downside of such efficiency could be that some environmental studies were not complete or many local concerns are not addressed fully (All credit for how to local governments operate within China go to Mr. James Yeh ).Here are few controversial factors, claimed by several sources:I. Currency: There is the ever-present theory of currency manipulation among economists, where China undervalues their currency by an estimated 30%-40%, which simply makes every product that China ships out 30-40% cheaper than those of a potential American competitor. The Yuan is manipulated and pegged undervalued to the US dollar [2]. So the price quoted in US dollars( more exports are quoted in dollars), will be cheaper than normal; (This manipulation has affected the domestic price of the product and labor wages as it has been kept much lower than it should have been. The Chinese yuan has, however, been steadily increasing in value against the dollar over the past few years.J. Compliance: The Chinese government does not bind itself with Intellectual Property issues. They allow the industry to investigate the products developed successfully elsewhere in the world. They then produce them in large quantities. Personally, there is nothing wrong in this benchmarking. Most industries do benchmark; especially in the automotive world. This saved the industry from expensive investments in R&D [4]. Although China has its own environmental protection agency, the environmental protection laws are generally lax and not enforced fully, especially at the local level. In previous years, Chinese factories cut down on waste management costs -further bringing down overall product costs. Things have been different lately, thanks to the strong efforts from the national government. Laws on IP and environmental protection are being enforced, especially after the Hangzhou G20 summit. There is still some belief that more needs to be done.If cheap labor was in itself the key driving factor, a large percentage of the labor-intensive factories would have already shifted to cheaper labor countries and lower labor-intensive jobs would have returned to the countries such as the USA - because China is not the synonym for cheap labor anymore. But that's not what we are experiencing; only certain jobs within the manufacturing field are moving to South East Asia. A huge chunk is there and is still able to reap the benefits of various factors. It will take more than a cutthroat desire for emerging economies to set up a business ecosystem that can compete with China's.Wow now over 1,000 Thanks for your upvotes! If you would be kind enough to give a like for this same article on my LinkedIn profile: https://www.linkedin.com/pulse/w...Footnotes:1. https://www.industryweek.com/env...2. https://qr.ae/TUtz1K3. https://qr.ae/TUtzTO4. https://labs.ebanx.com/en/market...5. Walter Hay's answer to How expensive is it to import to Nevada from China?6. 5 Reasons Why You Should Manufacture In China With ITI[7] China Will Continue To Dominate World Production
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