Less competition. Twenty years even if a company manufactured something in China the sales channel for a product was dependent on the company giving the company ability to control/level the price.
Today the supplier can not only sell to the company but to the consumers directly significantly cutting company's ability to level the price so the company is forced to drop the more expensive suppliers
Today the supplier can not only sell to the company but to the consumers directly significantly cutting company's ability to level the price so the company is forced to drop the more expensive suppliers