Major Supply Chain Issues in China to Impact Retailers in 2008: G Studios Forms Product Development Partners to Help Supply US Retailers
NEWPORT BEACH, Calif. (Business Wire EON) April 14, 2008 -- PDP will also employ the services of leading HK trading companies, in addition to both the US Commerce Department and the Hong Kong Trade Development Council. The joint venture is designed to provide significant resources to avoid what one official termed "the perfect storm in China leading up to the Olympics." Thus, PDP is uniquely positioned to assist US companies in successfully managing the manufacturing, import and supply chain issues that are the backbone of almost every US retailer. Visit www.productdevelopmentpartners.com.
The major issues include thousands of factory closures in the first quarter of 2008; increased compliance regulation; wage increases of 15-25% this year and currency inflation against the US dollar in the 7-10% area. This poses a triple threat to supply chain operations in China, in addition to the current challenge posed by the worldwide economic slowdown and the resulting negative downward pressure on profit margins. Further, China anticipates numerous disruptions around the Olympics, which might last for months. For a detailed report see www.gstudiosllc.com/aprilnewsletter2008.pdf .
PDP CEO Michael Gordon said: "For the first time in a generation, US companies who depend heavily on imports from China will face severe strains and significant disruptions over the next 18-24 months starting this spring. This means fall and holiday goods for US retailers could be impacted in a big way. With multiple issues to address, each more critical than the next, we felt it was an opportune time to launch PDP and enroll leaders on both sides of the equation to assist US companies and ensure continued operating efficiency and cost containment in order that the negative pressure upon retail margins would be mitigated."
With over 2,500 people in China, PDP offers critical supply chain management solutions and implementation to Companies needing additional support and/or crisis management with manufacturing or transportation issues.
Keyword Tags:
chain, china, critical, issues, major, manufacturing, retail, retailer, supply
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