China has changed considerably in some respects but there is still a huge problem with corruption and it's not just backstreet factories that are involved or are impacted by it. We spend millions of pounds a year in China and have to have a lot of extra processes in place to check the raw materials and make sure they are safe and meet the ISO standards required but there's no debate that they can't produce quality products as it's been proven they can.
Agreed, this is why manufacturing is a complex issue- there are plenty of grey areas; I've been in electronic factories where the same transistors, capacitors, labour etc are used and the only difference are the PCB's, name on the case and price. That's not to say things like guarantees etc aren't playing a factor- each company has its own markup strategy which will have to take into account a number of different things- raw material and labour for a start.
It's fair to say that branding does not have the same allure it used to and big brands do get caught out trying to reduce their costs with unexpected consequences from QC issues.
Do you think Lencartas profit margin is the same as some of the other well known brands and the difference in absolute cost is that they have more factors to take into account to reach that final price or do you think their profit margin is much greater and they are merely using their name to justify it?
One things for sure- the really cheap companies are still turning a profit, so there's a compromise there somewhere- they aren't giving things away for free- except to Phil, who has a 'free' Octobox
