Increase in Raw Materials Triggering Chain Reactions Throughout Supply Chains
Chinese manufacturers are delaying orders, raising prices and even closing up – high raw-material prices and a shortage of workers have made it difficult for smaller Chinese manufacturers to stay afloat. Many of these (including many that sell their goods to the US or Western countries) have gone under in recent months.
Some manufacturers have been hit so hard and their prices increased so much that they’re finding it difficult to raise their prices further. These manufacturers are even struggling to keep up with overseas demand due to their higher costs, or they fear losing business by not raising prices.
Many are now looking for other solutions to avoid investment losses.
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