Voices From the Top
Executives from โจthe Top 50 speak
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
"It's not just the 'growing' global economy—it's the 'ever changing' global economy—and it will continue to lead to:
- Price Compression—It's as easy to shop worldwide markets for promotional products now as it is to order a pair of boots from L.L. Bean.
- Sourcing Issues—As commodities run up in various world markets we will continue to experience challenges in consistent costs and reliable sources. You saw cotton jump in 2010, oil in early 2011 (which will affect nylon and plastic components). What will be next is hard to say but rest assured it will be something.
- The China Syndrome—China is dramatically shifting its focus from low technology manufacturing to high tech. Apple alone employs over 800,000 people in China (400,000 in one plant). They have learned that it requires just as much labor to make a circuit board for Apple as it does to make a key tag. This has and will continue to put pressure on other markets for the production of promotional products. Africa, Bangladesh and numerous other developing market economies simply aren't ready yet to take the workload and deliver consistently and reliably."
Jerry Mulligan, Vice President Sales/Business Development, Chamberlain Marketing Group
0 Comments
View Comments
Michael Cornnell
Author's page
Related Content
Comments