However, the boom sparked efforts to find lower-cost producers.
By then Southeast Asia and Latin America had become lower-cost producers of rubber.
We were being driven from our markets by lower-cost foreign producers just as American steel and automobile companies were before us.
The company will seek lower-cost producers for some goods and eliminate slow-moving inventory.
Workers who have not finished high school are much more vulnerable to job losses that arise from competition with lower-cost producers abroad.
Even so, many manufacturing jobs in the United States were lost in the 1980's as lower-cost foreign producers increased their sales in this country.
As wages rise, manufacturers often find themselves unable to compete in export markets with lower-cost producers elsewhere.
The company may be especially vulnerable to competition from lower-cost producers because its electricity prices are among the highest in the country.
Worries about weaker earnings amid competition from lower-cost producers persuaded two cellphone makers to merge, for example.
I would expect them to gain market share because they'll be a lower-cost producer.