Shoulder to shoulder to face economic crisis
The financial and economic crisis in the U.S. spread faster than some expected and is denting China's economy in many ways. In fact that I had a strong feel from China Import and Export Fair in Guangzhou,orders from many countries posted the biggest decline,more than last year.
After the Canton fair,we took a deep analysis on our local export situation.As you know ,most of our printed promotional gifts like flags & banners,bandanas,bags and hats…are based on the textile,so we are sensitive on the cost of raw material. From October to November,the cost of raw material (yarn,oil,coal…) has fulled down around 10%.
Even we are not directly facing the economic crisis, because our orders are stable right now. But the adjustment plan is on process.We are trying to adjust the price,supply more services to support small orders,help client to make reduction of extra cost causing by inspection,shipping,tax…
We aren't solitary, because we shoulder to shoulder! Fighting!
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