How can towel textile companies improve their competitiveness in the future?
“The high cost of labor, the rising prices of raw materials, the competition for products of ultra-low labor in South Asia, and the reduction of import tariffs on daily necessities in the country” are not good things for traditional textile companies. Indeed, they have all happened. Although China's domestic market is huge, it is limited after all. In the current environment, for the towel textile enterprises, the wage cost of the personnel is uncontrollable, and the wages “can go up and down” have become the norm, and the labor cost will become the biggest cost for the towel textile enterprises. In recent years, the overall increase in veil prices, coupled with the increase in the cost of transportation, has led to an increase in the cost of raw materials for towel textile companies. In addition, each company is now upgrading its production equipment and equipment, and its daily output has risen sharply. The profit margin of a single towel is further compressed.
