Mounting inflation, cheaper garments by china alarms south-east Asia
14 Apr '06
2 min read
Due to these measures, Chinese materials are no more cheaper, according to Bruce Rockowitz, President, Li & Fung's a trading company.
Fung, an executive explained that the region was reeling under acute manpower shortage though there was no dearth of workers who were eager to work provided they were paid the right wages.
According to Leung, his company responded in the wake of rising costs by eliminating operational deficiencies that were plaguing their industry and which has now reached its optimum levels forcing the company to revise its costing.
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