Ash City: Eye on Asia
Continued pressures of labor and currency: Currently, cotton prices on finished garments have come down 1 or 2 percent, however the ongoing issue of increased labor wages and the strengthening of foreign currencies against the US Dollar continue to offset any gains made in keeping production costs down. Our industry has chosen to focus on the price increases of Raw Materials such as Cotton as it was an easy way to explain to End Users why pricing was going up. The truth of the matter is that Labor has become the single most important variable affecting cost increases today. With the dramatic shift from export dependency to the strategic development of internal market infrastructures, the governments overseas continue to focus their attention on increasing the standard of living.
- Companies:
- Ash City USA
- People:
- Garry Hurvitz