The CBX Retail Sourcing Report provides facts, trends, analysis and insight about various inputs into global sourcing. It is designed to help sourcing executives at retailers and brands to understand and make strategic decisions about their global sourcing.
CBX Software’s Retail Sourcing Report provides research and analysis aimed at informing global sourcing and buying decisions for retailers, brands and other sourcing professionals.
Core global sourcing update q3 2014 finalCBX Software
The Core Solutions Global Sourcing Update provides insight and analysis into global sourcing information for retailers and brands. It covers topics such as currency exchange, wages, commodity prices, container shipping costs and much more.
Vietnam Frozen food market is expected to reach USD2291.28 million by 2026F, growing at a CAGR of 7.26% during the forecast period. https://bit.ly/3rDYu9o
CBX Software’s Retail Sourcing Report provides research and analysis aimed at informing global sourcing and buying decisions for retailers, brands and other sourcing professionals.
Core global sourcing update q3 2014 finalCBX Software
The Core Solutions Global Sourcing Update provides insight and analysis into global sourcing information for retailers and brands. It covers topics such as currency exchange, wages, commodity prices, container shipping costs and much more.
Vietnam Frozen food market is expected to reach USD2291.28 million by 2026F, growing at a CAGR of 7.26% during the forecast period. https://bit.ly/3rDYu9o
International business current trends in india presentationGulshan Poddar
this presentation gives you view about current trends going on in india in international business segment
it consists of export import trade balance or deficit and also counter trade .
thank you
Ulster Bank Northern Ireland PMI September 2020 Slide PackRichard Ramsey
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) September 2020 - Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector.
September 2020 Survey Update
Wastra publications covers analysis of manufacturing ideas in garment industry including how to set up a garment factory, opportunities, insights and trends
The outlook for Indian manufacturing sector in Quarter 3 of 2015-16 looks to be weakening, as lesser percentage of respondents expect high growth to continue in Q-3 (October-December 2015-16). The percentage of respondents expecting higher growth in Q-3 has gone down to 55% as compared to 63% for Q-2 (July-September 2015-16), according to the survey.
Covid impact on selected sectors of indian stock market sanika yadavSanika Yadav
This is a study report on the Impact of COVID-19 on selected sectors of the Indian Stock Markets.
The market reflects sentiments of the investors and this time it seems to project a V-shaped recovery indicating the return of normalcy.
But the real question lies in whether it matches the ground reality?
Survival of the fittest -
COVID-19 has compelled businesses to restrategize and revamp their business models to stay relevant. It has lead to many market disruptors resulting in new entrants reaching successes while the traditional businesses struggling to operate.
This report discusses some key impacts on sectors like Pharma, IT and Automobile.
FiinGroup is pleased to introduce Vietnam Cement Market Report 2020, the first and most comprehensive issue on Vietnam cement industry. This report presents a board range of topics, both sector-specific and crosscutting market issues.
What’s New? The growth momentum of Vietnam cement industry in 2019 has slowed down significantly for both domestic and export market. Despite the slowdown in sales growth, local cement manufacturers managed to achieve an improvement in profitability with EBITDA margin from 16.3 percent in 2018 to 16.9 percent in 2019 thanks to good cost management & the increase in retail cement price.
This 2020 issue provides the latest information on current supply – demand situation in Vietnam cement sector with the in-depth analysis on key growth drivers, outlook for 2020 as well as forecast analysis until 2030. Especially, the analysis on retail bagged cement price for PCB30 and PCB40 by region and key brands is also included in this report.
See more here: http://bit.ly/3d8Imoo
CBX Software’s Retail Sourcing Report provides research and analysis aimed at informing global sourcing and buying decisions for retailers, brands and other sourcing professionals.
Data Digest #9: Vietnam Stock Market: Embracing New Normal amidst COVID!FiinGroup JSC
COVID-related impacts on the Value could be somehow predictable. In this Report, we conduct an in-depth analysis on factors determining SUPPLY in correlation with DEMAND, instead of purely analyzing corporate fundamentals like before. Under the current circumstance, factors determining DEMAND or affecting money flow and investor sentiment, in our view, are the most important and need taking into serious consideration.
We are trying to make a plenty of data-driven comparisons on impacts of different COVID waves (the first in Q1-2020 and the fourth now) to support you in having assessments on your own. Accordingly, this Report aims to give in-depth analysis and data-driven findings on which sectors or companies could be beneficiaries from the pandemic, especially once the “Embracing the Covid-19” strategy is confirmed.
Download our full report: https://bit.ly/FiinPro-Digest-9-EN
International organisations highlight significant impact of covid-19 on the global economy due to supply chain disruptions and demand contraction. But the whole situation has made karnataka a preferred destination for investment. Know why! See More: https://www2.deloitte.com/in/en/pages/about-deloitte/articles/in-about-deloitte-opportunity-in-the-times-of-covid-19.html
International business current trends in india presentationGulshan Poddar
this presentation gives you view about current trends going on in india in international business segment
it consists of export import trade balance or deficit and also counter trade .
thank you
Ulster Bank Northern Ireland PMI September 2020 Slide PackRichard Ramsey
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) September 2020 - Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector.
September 2020 Survey Update
Wastra publications covers analysis of manufacturing ideas in garment industry including how to set up a garment factory, opportunities, insights and trends
The outlook for Indian manufacturing sector in Quarter 3 of 2015-16 looks to be weakening, as lesser percentage of respondents expect high growth to continue in Q-3 (October-December 2015-16). The percentage of respondents expecting higher growth in Q-3 has gone down to 55% as compared to 63% for Q-2 (July-September 2015-16), according to the survey.
Covid impact on selected sectors of indian stock market sanika yadavSanika Yadav
This is a study report on the Impact of COVID-19 on selected sectors of the Indian Stock Markets.
The market reflects sentiments of the investors and this time it seems to project a V-shaped recovery indicating the return of normalcy.
But the real question lies in whether it matches the ground reality?
Survival of the fittest -
COVID-19 has compelled businesses to restrategize and revamp their business models to stay relevant. It has lead to many market disruptors resulting in new entrants reaching successes while the traditional businesses struggling to operate.
This report discusses some key impacts on sectors like Pharma, IT and Automobile.
FiinGroup is pleased to introduce Vietnam Cement Market Report 2020, the first and most comprehensive issue on Vietnam cement industry. This report presents a board range of topics, both sector-specific and crosscutting market issues.
What’s New? The growth momentum of Vietnam cement industry in 2019 has slowed down significantly for both domestic and export market. Despite the slowdown in sales growth, local cement manufacturers managed to achieve an improvement in profitability with EBITDA margin from 16.3 percent in 2018 to 16.9 percent in 2019 thanks to good cost management & the increase in retail cement price.
This 2020 issue provides the latest information on current supply – demand situation in Vietnam cement sector with the in-depth analysis on key growth drivers, outlook for 2020 as well as forecast analysis until 2030. Especially, the analysis on retail bagged cement price for PCB30 and PCB40 by region and key brands is also included in this report.
See more here: http://bit.ly/3d8Imoo
CBX Software’s Retail Sourcing Report provides research and analysis aimed at informing global sourcing and buying decisions for retailers, brands and other sourcing professionals.
Data Digest #9: Vietnam Stock Market: Embracing New Normal amidst COVID!FiinGroup JSC
COVID-related impacts on the Value could be somehow predictable. In this Report, we conduct an in-depth analysis on factors determining SUPPLY in correlation with DEMAND, instead of purely analyzing corporate fundamentals like before. Under the current circumstance, factors determining DEMAND or affecting money flow and investor sentiment, in our view, are the most important and need taking into serious consideration.
We are trying to make a plenty of data-driven comparisons on impacts of different COVID waves (the first in Q1-2020 and the fourth now) to support you in having assessments on your own. Accordingly, this Report aims to give in-depth analysis and data-driven findings on which sectors or companies could be beneficiaries from the pandemic, especially once the “Embracing the Covid-19” strategy is confirmed.
Download our full report: https://bit.ly/FiinPro-Digest-9-EN
International organisations highlight significant impact of covid-19 on the global economy due to supply chain disruptions and demand contraction. But the whole situation has made karnataka a preferred destination for investment. Know why! See More: https://www2.deloitte.com/in/en/pages/about-deloitte/articles/in-about-deloitte-opportunity-in-the-times-of-covid-19.html
DELSA/GOV 3rd Health meeting - Christian KASTROPOECD Governance
This presentation by Christian KASTROP was made at the 3rd Joint DELSA/GOV Health Meeting, Paris 24-25 April 2014. Find out more at www.oecd.org/gov/budgeting/3rdmeetingdelsagovnetworkfiscalsustainabilityofhealthsystems2014.htm
2020 ends with a world economic contraction above 4%, the biggest GDP decrease since World War 2. Among developed nations, growth comes to a standstill after the renewal of activity in Q3 as a result of the surge in cases and the movement restrictions. Services, especially those related to the hotel and leisure industry, experience the biggest losses. On the other hand, industry is advancing at a steady rhythm as international trade is reactivated.
In the US, the perspectives appear to indicate that the economy will register positive growth in Q4 2020, in spite of the recent surge in Covid-19 cases. In this context, the Fed has improved its growth forecasts and has announced that it will maintain its stimulus policy until there are improvements in employment and inflation reaches the target levels in the medium- to long-term (most likely at the end of 2022).
In the Eurozone, where restrictions have been tighter, a new contraction in GDP in Q4 is expected. Also, the outlook for Q1 2021 indicates that economic activity will not experience any significant growth, in spite of the vaccination campaigns in place by a variety of governments in member states.
In emerging economies, although a slight recovery is expected due to the reactivation of trade and the increase in prices for raw materials, different levels of performance can be observed. China, with the spread of the virus under control, is the country with the best economic data among the main powers. Other Asian economies such as Taiwan or Vietnam forecast annual growth rates close to 2% for 2020. On the other hand, India’s economy has slumped, with a decrease of -7.4%. In South America, the lack of control caused by the pandemic has added to several structural issues that are dragging down some economies (high levels of debt and unemployment), all of which is conditioning future recovery.
Comme tous les mois, l’équipe d’économistes de PwC publie une note sur la situation macro-économique mondiale. Ce mois-ci focus sur la zone euro, la Malaisie, et les difficultés des pays émergents - notamment des "Fragile 5".
Retailers today are faced with unprecedented challenges ranging from shifting retail formats, overabundance of consumer choice, fast-changing technology, greater focus on quality and price to a tough economic climate. The result is that those who are not constantly innovating run the risk of falling behind. This white paper looks at the top five supply chain challenges that retailers face today and maps out a series of strategies to address these challenges based on research and direct experience in supporting retailers to maintain a competitive advantage in a highly competitive market.
Winners will improve responsiveness while cutting costsCBX Software
In today’s highly complex global sourcing environment, apparel companies must aggressively explore more opportunities, including the pursuit of new sourcing countries and partners, increasing value-added services and upping supply chain efficiency.
Three steps-to-selecting-a-plm-system-white-paperCBX Software
There are a number of factors to consider when selecting a PLM system, including the return on investment, readiness of internal processes, scalability, integration, ease of use and more.
For over 18 years, we have supported large brands and retailers such as Safeway, Kmart, Migros, Lidl, Carrefour and many others with product lifecycle management and related systems.
Before you select a system or look at upgrading your current one, we hope you will have a look at our white paper on how to select a PLM system.
Please visit our company website to have more information:
http://www.coresolutions.com/
Or give us some comments:
http://www.coresolutions.com/request-a-callback/
Migros, Switzerland’s largest retailer and supermarket chain. Migros relied on CORE’s CBX software to scale their private label sourcing operations.
The CBX system is used by teams ranging from Migros’ Hong Kong buying office and subsidiaries as well as functional teams in Europe and suppliers around the world. Migros now has a streamlined and efficient sourcing and product development platform which enables it to build its private label program to an unlimited scale. The system takes care of sourcing hardgoods, apparel and food products and continues to drives operational improvements reduce costs. Migros is now able to collaborate more efficiently both internally and externally and have real time visibility into all information from the product development stage to the point of order.
http://www.coresolutions.com/
Gartner's new report, PLM for Apparel 2013: Preparing for the Next Wave of ValueCBX Software
Only a few years ago, Product Lifecycle Management (PLM) solutions were a new way for retailers and brands to reduce product development costs and cut lead times. These days companies are looking for more.
Gartner's new report, PLM for Apparel 2013: Preparing for the Next Wave of Value, sponsored by Core Solutions, provides an insightful look at how apparel retailers and brands are looking at PLM systems in a more mature way.
The Highlights:
• Most companies (63%) still plan to invest in PLM in 2013
• Faster time to market is the number 1 expected benefit
• Standardization of processes is a new expectation of PLM
• Anlaytics, Critical Path Management and Social
Compliance are the most desired PLM enhancements
• A top expectation of PLM is end-to-end visibility
At Core Solutions we take a more holistic view towards PLM. We see PLM as one critical part of the entire extended supply chain. Our solution supports companies all the way through, from concept to delivery.
http://www.coresolutions.com/
The key differences between the MDR and IVDR in the EUAllensmith572606
In the European Union (EU), two significant regulations have been introduced to enhance the safety and effectiveness of medical devices – the In Vitro Diagnostic Regulation (IVDR) and the Medical Device Regulation (MDR).
https://mavenprofserv.com/comparison-and-highlighting-of-the-key-differences-between-the-mdr-and-ivdr-in-the-eu/
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
5. Q2 2015 Retail Sourcing Report
4
Major Economic Indicators
This section looks at major economic indicators from key “low-cost” sourcing destinations, also pulling out
highlights and sourcing trends in these countries.
Selected highlights:
Bangladesh – Garment exports to the U.S. and EU declined based on manufacturing issues and unrest
Cambodia – Garment exports increased by about 4% year-on-year (Cambodia Ministry of Commerce)
India – Australia and India committed to a Free Trade Agreement (FTA) by the end of 2015
Indonesia – Exports increased by only 1.02% in 2014, compared to 4.17% in 2013
Pakistan – Canadian apparel brand Kanati pulled out of Pakistan due to various risks of doing business
Philippines – Tariffs on garment exports to the EU slashed to zero, expected to revive garment industry
Thailand – Special Economic Zone (SEZ) infrastructure plan approved to expand border trade
Turkey – Minimum wage raised to U.S. $413 as of January 1, 2015, a 12.2% increase
Vietnam – Vietnam became the second largest footwear exporter to the U.S. in 2014 (after China)
CPI
(% yoy growth)
Sep
2014
Oct
2014
Nov
2014
Dec
2014
Jan
2015
Feb
2015
Bangladesh 6.8 6.6 6.2 6.2 - -
Cambodia - - - - - -
India 6.5 5.5 4.4 5.0 - -
Indonesia 4.5 4.8 6.2 8.4 7.0 6.3
Pakistan 7.7 5.8 4.0 4.3 3.9 -
Philippines 4.4 4.3 3.7 2.7 2.4 2.5
Thailand 1.8 1.5 1.3 0.6 -0.4 -0.5
Turkey 8.9 9.0 9.2 8.2 7.2 -
Vietnam 3.6 3.2 2.6 1.8 0.9 0.3
Exports
(% yoy growth)
Sep
2014
Oct
2014
Nov
2014
Dec
2014
Jan
2015
Feb
2015
Bangladesh -1.4 -7.6 9.3 4.3 4.8 -
Cambodia - - - - - -
India 2.7 -5.0 7.3 -3.8 - -
Indonesia 3.9 -2.2 -14.6 -13.8 -8.1 -16.0
Pakistan -16.7 5.0 9.5 -4.6 - -
Philippines 15.7 2.5 21.7 -3.2 -0.5 -
Thailand 3.2 4.0 -1.0 1.9 -3.5 -
Turkey 4.0 7.0 -7.9 1.2 - -
Vietnam 14.4 14.1 13.7 13.7 14.0 8.4
Imports
(% yoy growth)
Sep
2014
Oct
2014
Nov
2014
Dec
2014
Jan
2015
Feb
2015
Bangladesh 8.2 14.4 1.8 - - -
Cambodia - - - - - -
India 26.0 3.6 26.8 -4.8 - -
Indonesia 0.2 -2.2 -7.3 -6.6 -15.6 -16.2
Pakistan 20.3 30.0 -0.6 8.4 - -
Philippines -1.2 7.5 -10.8 -10.6 - -
Thailand 14.4 -4.9 -3.5 -8.7 -13.3 -
Turkey -0.1 -1.5 -0.1 -5.6 - -
Vietnam 11.6 11.5 11.8 12.1 39.2 21.9
Sources: Fung Group, various statistical bureaus
7. Q2 2015 Retail Sourcing Report
6
China Wage Trend Snapshot
Following the 2011-15 Five Year Plan – stipulating growth of 13% per year - wage increases in China have
occurred in at least 16 of the 31 provinces and regions. The chart below highlights average annual wage
increases. Specific regional wage increases are indicated in the below table. While a sharp slowdown in
Chinese manufacturing has raised some uncertainty as to wage sustainability, policy makers are expected
to intervene to support continued wage growth.
Flash Survey from German Chamber of Commerce in China (March 2015)
Average Wages - expected to increase by 8.1% in 2015 (8.8% for blue collar Workers)
Regional Developments – Wage increases in the South are slightly higher than the North and
East and increases in second tier cities are marginally higher than those in first-tier cities
Manufacturing vs. Service – Wage increase are accelerating at a faster rate in manufacturing
companies versus service companies
Forecast of China Average Yearly Wages in Manufacturing
2014 Minimum Wage Updates (official)
Region Monthly Min Wage (RMB) Effective Date
Chongqing 1,150 -1,250 (various districts) January 2014
Shenzhen 1,808 February 2014
Shaanxi 970, 1,060, 1,170, 1,280 (various regions) February 2014
Shandong 1,200, 1,350, 1,500 March 2014
Shanghai 1,820 April 2014
Beijing 1,560 April 2014
Qinghai Benchmark of 10% plus increase May, 2014
Yunnan Benchmark of 10% plus increase May 2014
Guangzhou 5% - 17% increase (various regions) June 2014
Guizhou 2.7 – 15.2% increase (various regions) June 2014
Henan 1,400, 1,250, 1,100 (various regions) July, 2014
Jiangxi 4-16% increase (various regions) August 2014
Zhejiang 1,650, 1,470, 1,350, 1,220 (various regions) August 2014
Fujian 3.5% - 17% increase (various regions) August 2014
Hebei 6% - 22% increase (various regions) August 2014
Jilin 4% - 16% increase (various regions) August 2014
Source: Trading Economics
9. Q2 2015 Retail Sourcing Report
8
Container Freight Rates for Major Routes
The rates below are supplied by Xeneta which relies on actual “crowd sourced” data provided by shippers,
allowing users to cross-reference prices. All indices are reported in USD per Twenty Foot Container. We
report on historical and forward looking rates for key Asia-Europe and Asia-U.S. routes.
Analysis: Freight rates on Asia-European trade lanes continued to slide into Q2, with spot rates for a 20
foot container hitting an 18 month low of $620 in March, according to the Shanghai Containerized Freight
Index (SCFI). While this time of year is typically a slow season, shipping consultant, Drewry reported that
supply growth is running at twice the rate of demand growth expected in 2015. This is partly due to most
major shipping lines such as CMA, CGM, OOCL and MOL continuing to invest in megaships.
Expected surcharges on Asia-North America trade lanes due to announced fees to prevent marine
pollution to be imposed by 2020 are not strongly evident yet according to data from Drewry and the World
Container Index. Port congestion on the U.S. West coast due to labor issues have resulted in surcharges
and some cargo is being steered towards the East Coast. Container volume growth to the U.S. is expected
to continue based on the strengthening U.S. economy.
Chart Source: www.xeneta.com
20ft Container Rates (USD)
(6 months to Apr 2015)
Avg. High: +/-$1,210 (Dec 2015)
Avg. Low: +/- $950 (Jan 2015)
20ft Container Rates (USD)
(6 months to April 2015)
Avg. High: +/-$1,200 (Nov 2015)
Avg. Low: +/- $980 (Dec 2015)
20ft Container Rates (USD)
(6 Months to April 2015)
Avg. High: +/-$1,175 (Dec 2015)
Avg. Low: +/- $950 (Dec 2015)
11. Q2 2015 Retail Sourcing Report
10
Global Commodity Rates
Following oil prices which saw one of the largest declines since World War 2, most major commodities are
expected to continue their decline through 2015, with a turnaround not expected until 2016. The World
Bank’s three industrial price indices – energy, metals and minerals all experienced declines of more than
35% between 2011 and late 2014. The commodity crash is impacted by oil price drops but also by low
demand for raw goods, manufacturing slowdown in China and the ongoing European debt crisis. The
decline in commodity prices is a key indicator of consumption and manufacturing trends.
Crude Oil
Rubber
Metal
20
40
60
80
100
120
Oil US$ per barrel
Dated Brent,light
blend 38 API
Dubai,medium, fob
Dubai Fateh 32 API
West Texas
Intermedia 40 API,
Midland Texas
70
80
90
100
110
Rubber, Singapore Commodity Exchange, No. 3 Rubber Smoked
Sheets, US cents per pound
130
140
150
160
170
180
Metals Price Index, 2005 = 100, includes
Copper, Aluminum, Iron Ore, Tin, Nickel, Zinc,
Lead, and Uranium Price Indices
0
5000
10000
15000
20000
25000
Metals US$ per metric ton
Zinc Tin Aluminum
Lead Iron Copper
Nickel
Rubber prices are
experiencing a rebound
heading into Q2, partly
due to rising production
to cover depleted
stocks after prices
plummeted in 2014.
13. Q2 2015 Retail Sourcing Report
12
Plastics and Fibers
A selection of plastic related prices is provided below. These are calculated from offer prices in the
Plasticker Material Exchange, which provide an indication of trends.
Analysis: Falling oil prices continue to make plastic and synthetic fibres more attractive especially for
developing countries in Asia-Pacific, Africa and the Middle-East. Price growth is also expected to remain
strong in North America through 2015.
Sources of above commodity prices: IMF data, Index Mundi, Plasticker
Quality Focus
This section focuses on manufacturing/sourcing quality related news and the impact on retailers and
brands. Regular insight to this section is provided by experts in the quality area, including regular
contributor, AsiaInspection, a leading provider of quality control and compliance services for businesses
importing from Asia, Africa, Southern Europe and Latin America.
Quality Control, Compliance, Sustainability Highlights
Environmental and Social Standards Top Mandate for G7 Summit
In a recent G7 conference held in early March, government representatives and stakeholders set a
mandate for the upcoming G7 Summit to reach an agreement on a sustainable and ethical global supply
chain. According to statements from the International Labour Organization (ILO), every 15 seconds
someone dies as a result of an occupational accident or disease. These trends are being met with a sharp
rise in global awareness on ethical sourcing issues. AsiaInspection has reported that demand for ethical
audits increase by 65% year over year in Q1.
If the G7 Summit begins full implementation of a sustainable global supply chain, the burden would be on
brands and importers to ensure that they adhere to these global standards. A local instance of such
enforcement may start in France where a law passed in late March will potentially force all large
corporations to demonstrate that they enforce social accountability through their supply chains, including
subcontractors.
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
Plastics & Fibers, Regrind/ Flakes (Euros/kg)
Nylon
Polyester
ABS
PVC
PP
PS
15. Q2 2015 Retail Sourcing Report
14
Topic Spotlight: Sri-Lanka, Island of Opportunity?
Companies looking for alternate sourcing locations to China and Bangladesh, especially for apparel/textiles
might want to take another look at Sri-Lanka given it has recently started the process to regain the
generalized system of preferences (GSP Plus) status.
An eight-member EU Trade Working Group (TWG) along with a GSP Plus delegation and a senior EU
trade official held discussions with Sri Lankan officials in late March in Colombo to begin the process of re-
admitting Sri Lanka to the status of GSP Plus under the new GSP regulation. The EU’s Generalized
Scheme of Preferences (GSP) allows developing country exporters to pay little or no duties on their
exports to the EU, providing them with vital access to EU markets and contributing to their economic
growth.
Sri Lanka lost their GSP Plus status in 2010 due to the United Nations Human Rights Council (UNHRC)
alleging violations of Human Rights during the civil war. Subsequently, when the EU evaluated Sri Lanka
last year it found that the country was not adhering to 3 of the 27 international covenants that a country
must abide to qualify for the consideration of GSP Plus.
Outlook for Apparel and Investment
Many analysts are looking at Sri Lanka as a good potential location to invest given greater stability
following the end of the Sri Lankan Civil War in 2009 and economic ups and downs. The government has
continued to invest in infrastructure, with significant investment in infrastructure coming from the Chinese.
Rishad Bathiudeen, the Sri Lankan minister of industry and commerce commented that the country had
lost considerable apparel revenue as a result of losing the GSP plus. The EU is Sri Lanka’s largest export
market, accounting for one-fourth of all exports, followed by the United States. They have set an ambitious
target of reaching US $ 20 bln in exports by 2020, which would help put Sri Lanka on the map.
.
Sri Lanka - Key Economic Indicators
(2013 data unless indicated, figures in USD)
GDP $67.18 bln
GDP Growth % 7.8% (2014)
Exports $10.39 bln
Textile/Apparel Exports $4.93 bln
Imports $18 bln
Population 20.48 mln
Labor Force 8.528 mln
Industrial labor 25.8%
Wages (varies by skill) $49 - $160
Unemployment Rate 5.1%
Inflation Rate 4.7%
Exchange Rate $1 = 132.8 LKR
Key Advantages
New and strong infrastructure
Strategic location in Indian Ocean
Concerns:
Large trade deficit
Corruption and political instability