Inflation in Asia Could Boost Apparel Prices
The current rebound in inflation rates in Asia may result in higher production costs for apparel exporters. With food prices up about 50% in a single year in a large number of low-cost countries, workers in clothing plants may require higher wages, as already observed in Egypt, Cambodia, Bangladesh or Vietnam. The…
Egytex News Desk
Egytex
The current rebound in inflation rates in Asia may result in higher production costs for apparel exporters. With food prices up about 50% in a single year in a large number of low-cost countries, workers in clothing plants may require higher wages, as already observed in Egypt, Cambodia, Bangladesh or Vietnam. The recent boom in rice prices may accelerate looming crisis in Asian clothing industries.
Source: EmergingTextiles.com
From the Egytex news archive, first published on 30 April 2008. Figures and names are as reported at the time.
