High Oil Prices -- Sichuan Clothing Is Forced To Choose A New Way Out

The high cost of oil and gas has increased the cost pressure of the textile and garment industry.

Faced with the predicament, what should Sichuan clothing enterprises do? Shu Furan, vice chairman of Sichuan Shuang Shu Garments Co., Ltd., said that the best way out for Sichuan clothing enterprises is to brand.

"Most of our clothing materials come from coastal areas."

Shu said that because of rising oil prices, increased freight costs and rising raw material costs, the company profits a lot.

However, if the price rises simply, it will affect the stability of the market. This is not the best policy.

Another clothing business manager Hong Zhaoyi said: "oil prices rise, chemical fiber fabrics, such as nylon, polyester and other materials extracted from petroleum and petrochemical products, will immediately rise in price."

In addition, with the increase of labor costs and exchange rate changes, the total cost will increase.

Shu Furan said that the rising oil prices gave the Sichuan enterprises many thoughts. Many enterprises have chosen to take the road of branding, changing the former simple processing methods, enhancing the added value of products to resist market risks.

"The road of branding is very difficult to walk. It can be regarded as nirvana for the garment enterprises in Sichuan."

Shu said, though the road is hard to go, it must also be pformed.