The Remington 700 is an excellent platform and used to be highly regarded for precision rifles. It was the basis of both the US Army and Marine Corps' bolt-action sniper rifles for many decades (M24 and M40, respectively). Remington's manufacturing quality has just gone downhill in recent years.
There are other manufacturers that still make them to a high standard. I'm not sure whether they're licensed copies or just clones, but I recently heard someone joke that "these days everyone makes a great Remington 700 except Remington".
It's interesting because removing people who inspect shotguns is quick, easy and relatively reversible, while declining product quality and loss of design and production skills are normally gradual trends with an eventful story of bad decisions.