Garment Enterprises Speed Up New Push Up Price And Pass On Cost Pressure

　 Under the double pressure of the rising cost of raw materials and labor, garment enterprises have chosen to speed up the introduction of new products and raise prices secretly, so as to shift the pressure brought by rising costs.

"Workers' wages have been raised by 10% this year." The head of a garment enterprise in Fujian told reporters. In addition to the inertia of labor costs every year, clothing companies must face the pressure of soaring raw materials such as cotton and cotton cloth this year.

For textile and garment enterprises, raising prices has become the main way to deal with cost pressures. Xu Zhihua, chief executive of PEAK, told reporters that the company had raised its product price by 10% in the third quarter ordering session. "Compared with the old ones, the new price increases are more easily accepted by the market." According to the insiders, speeding up the introduction of new products and appropriately raising the prices of new products are the magic weapon for most garment enterprises to increase their costs. "The cost of raw materials in general is up by 10%, and the price of products will rise by 8% to 15%".