Saturday, June 10, 2006
The cost of fast fashion
This article in the People's Daily online describes the cost of consumer demands for lower prices and faster lead times for fashion. This is exacerbated by multi-national companies giving short lead times in order to minimise the cost of storage. This in turn means Chinese workers must work more and more overtime to complete orders, or face losing business. The article says the manufacturers face a dilemma; either go broke quickly, or go broke slowly.