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

Just after the new year, east of Hangzhou.

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%.

A lot of companies have similar ideas with Chen Yonggen, and 74% of the surveyed enterprises are responsible for the increase in the prices 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.

In the past, suppliers began to control production and operation so as to increase profits. But nowadays, almost all the export industry's raw material and labor costs are 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 China's economic development.