Cost pressure is huge, Asian exports of finished furniture will rise in price
Cost pressure is huge, Asian exports of finished furniture will rise in price
Furniture manufacturers in Vietnam and Malaysia have issued warning signs that the price of finished furniture may rise by 4% to 10% before the end of the year. However, the specific rate of increase has to be determined according to the actual situation of each factory, because the cost of materials and labor is rising, and furniture companies are competing with other industries to allow workers to return to jobs in the furniture industry by increasing benefits and wages. The cost will be reflected in the price of the furniture.
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