Interviews
Apparel exporters prefer short-term orders
02 Jun '11
1 min read
Recently, the third session of the 109th Canton Fair has concluded. Among orders taken up in the fair, medium and short-term orders accounted for 90 percent of all orders, while long-term orders accounted for only 10 percent.
East China Import and Export Commodity Fair held a few days back witnessed the same story. Medium and short-term orders accounted for 89 percent, while long term orders of more than 6 months made up for only 10 percent of all orders.
Unlike the previous two years, this time it is not the buyers but the suppliers who are reluctant to accept long-term orders.
According to an exporter of apparels, they would rather take more short-term orders than, long-term orders, especially for exports to Europe and the United States, because the company worries about losses from exchange rate fluctuations and volatility in raw material prices.
According to an expert, companies now do not worry about orders, but profits.
East China Import and Export Commodity Fair held a few days back witnessed the same story. Medium and short-term orders accounted for 89 percent, while long term orders of more than 6 months made up for only 10 percent of all orders.
Unlike the previous two years, this time it is not the buyers but the suppliers who are reluctant to accept long-term orders.
According to an exporter of apparels, they would rather take more short-term orders than, long-term orders, especially for exports to Europe and the United States, because the company worries about losses from exchange rate fluctuations and volatility in raw material prices.
According to an expert, companies now do not worry about orders, but profits.
Fibre2fashion News Desk - China
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