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Rising Labour Costs Will Lead To An Increase In Export Prices.

2011/2/16 11:58:00 75

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Just after the new year, Chen Yonggen, general manager of Hangzhou eastward Trading Co., Ltd. began to plan the price increase of the new product. He asked the sales staff to adjust the quotation list of all products. The adjustment range depends on the purchase cost increase.

"We export

Mechanics

Accessories, steel is the main raw material, and the price of steel has been rising since last year.

Chen Yonggen said, in addition, due to recruitment difficulties, the wages of workers are also facing rising pressure, a number of cost pressures, and now have to raise prices.

This is not a case. Many foreign trade enterprises in Zhejiang are faced with this problem.

A recent survey by global resources company, which has been providing global sourcing information and providing integrated marketing services to global buyers, shows that many suppliers agree that if the prices of major raw materials and accessories continue to rise, the export prices of multiple products will continue to rise in the coming months.

It is reported that the research object is 232 exporters of telecommunications products, household products, fashion accessories, garments and textiles, hardware products, sports equipment and security products. More than half of the enterprises are from Guangdong, 19% from Zhejiang and 13% from Fujian.

Of the surveyed suppliers, 50% indicated that the adjusted increase was not more than 5%, but 1/3 of the respondents indicated an increase of 6% to 10%.

and

Chen Yong Gen

Similarly, many of the 74% enterprises surveyed were affected by the price of raw materials and accessories, which raised the export prices of the products as early as last year.

In this regard, many enterprises believe that as long as customers can accept, to increase export prices is the preferred way.

But many companies choose other ways to deal with it.

Nearly 1/3 of enterprises plan to increase production efficiency, and some enterprises are prepared to upgrade and upgrade through upgrading equipment or adjusting product positioning.

Past times

Supplier

Starting from regulating production and operation to increase profits, the cost of raw materials and labor in almost all export industries is rising. This law is not enough to withstand such pressure. Most suppliers choose to increase export prices or turn to high-end products, which is a normal stage of economic development in China.