News – Source International

asia manufacturing cost drivers

ASIA MANUFACTURING COST DRIVERS REPORT

Tags : 

There were no clear commodity price trends in the second quarter with some raw materials in Asia going down in price while some continuing on their upward price trend. Many grades of plastics, rubber, industrial metals, wood and glass raw materials raw materials went down in price while steel, aluminum and paper mostly rose in price. Ceramic raw materials and textiles prices meanwhile remained mostly flat. Petroleum and most of fuel prices were down in this quarter and labor rates inched up in the lower wage counties. The US Dollar lost a little bit of ground against most of the Asian currencies in Q2. China imports and exports both saw up in the quarter and the China PPI was down slightly while the China CPI was up slightly. One very bullish sign is that all the PMI indexes saw steady improvement in Q2, remaining above 50 and signaling an expanding economy. Below is a chart of the general trends and for all the details, please see the entire report.

Read More

ASIA MANUFACTURING COST DRIVERS REPORT – Q1 2017

There were no clear commodity price trends in the first quarter with some raw materials in Asia going down in price while some continuing on their upward price trend begun in the fourth quarter of 2016. Many grades of plastics, rubber, steel, paper and ceramic raw materials went down in price while aluminum, other industrial metals, and glass raw materials mostly rose in price. Wood and textiles prices meanwhile remained mostly flat. Petroleum and fuel prices backed off their sharp 2016 increases and labor rates inched up in the lower wage counties. The US Dollar lost a little bit of ground against most of the Asian currencies in Q1 while ocean freight rates showed little change. China imports and exports both saw significant decreases in the quarter and the China PPI was up slightly while the China CPI was down. One very bullish sign is that all the PMI indexes saw steady improvement in Q1, remaining above 50 and signaling an expanding economy. Below is a chart of the general trends and for all the details, please see the entire report.

Read More
Source Direct

MEET US AT THE ASD SHOW IN LAS VEGAS!

Source Direct ASD – Sourcing Seminars. Please join Source International Managing Partner & COO, Mr. Jim Ullum at the Source Direct Show at ASD taking place March 19-22 2017 at the Las Vegas Convention Center in fabulous Las Vegas, Nevada. At SourceDirect ASD Market Week, importers, distributors, wholesalers, sourcing professionals and volume buyers can source products directly from factories around the world.

Located within the ASD Market Week show, there is no better place to source an array of product mixes; from gift and home accents, to fashion accessories and the latest electronic accessories, Source Direct is the destination for all things sourcing. So come see all the factory direct suppliers and interest with industry professional to learn some inside tips and best practices. Access the entire post for all the details and links to the session schedules. All sessions are free and open to qualified buyers! COME JOIN THE FUN.

Read More

ASIA MANUFACTURING COST DRIVERS REPORT – Q4 2016

It had to come eventually and the fourth quarter of 2016 certainly took the year out with a bang! Practically all raw materials tracked were on the rise with many showing the most significant increases in several years. Plastics, rubber, steel, brass, copper, nickel, corrugated paper, textiles, and ceramics prices were all up sharply (more than 10%), while wood and a few grades of aluminum, textiles were up only moderately (less than 10%). A few grades of aluminum, paper and ceramic/glass materials actually went down in price but they were few and far between. Petroleum products and fuels all rose sharply while labor rates were unchanged. The US Dollar was especially strong and appreciated against all of the Asian currencies. China imports and exports saw strong gains in the quarter and the China PPI and CPI were both up. And, lastly, all of the PMI indexes showed strength remaining well above 50 signaling an expanding economy in both Asia and the USA. For all the details, please see the complete report, which follows.

Read More
supply chain management advisory

WVU SUPPLY CHAIN MANAGEMENT ADVISORY COUNCIL TO MEET APRIL 2017

The WVU Supply Chain Management Advisory Council is planning a spring meeting in Morgantown, West Virginia on April 27, 2017. The Council and advises and interacts with students in the recently established WVU Global Supply Chain Management Program and has been instrumental in the development of the program.

Read More
Libbey Driftstone

LIBBEY INTRODUCES NEW WORLD TABLEWARE COLLECTION- NATURAL DINNERWARE

New Driftstone and Pebblebrook mix and match for an artistic tabletop presentation Libbey®, provider of complete tabletop solutions for its foodservice partners, unveils Driftstone and Pebblebrook patterns in its World® Tableware collection. Both patterns depict the organic, artisanal trend popular in culinary presentations today. Driftstone and Pebblebrook bring a naturalRead MoreThis content is restricted to

Read More
christmas party

CHRISTMAS GREETINGS FROM SOURCE XIAMEN!

The Source Xiamen office held a festive Christmas Party on Friday, December 23 with Santa, presents and snacks. Warmest Christmas greetings to all our customers and supplier partners.

Read More

LIBBEY HOLDS ASIA SUPPLIER SUMMIT IN XIAMEN

2106 Supplier Summit Libbey held it’s 2016 Supplier Summit at the Source Int’l offices in Xiamen, Oct 27-29. Regional benchmarking of suppliers and opportunities for improvement were the focus.  Following two days of meetings, the group took a bus tour to partner Porcelain & Flatware factories.        Read MoreThis content is restricted to

Read More
production cost

Asia Manufacturing Cost Drivers Report – 2016 Q3

Most Asian raw materials and production cost data tracked were on the rise in third quarter. Rubber, steel, aluminum, brass, copper, nickel and paper prices were all up, while wood, textiles, and ceramics were mostly flat, and only a few select grades of plastic, steel and rubber had favorable price trends. The US Dollar lost some of its steam loosing ground against several of the Asian currencies while labor rates and ocean freight were unchanged. China imports and exports saw strong gains in the quarter and the China PPI was up while the CPI was down. One very bullish sign is that all the PMI indexes rose about 50 and are signaling and expanding economy. For all the details, please click READ MORE below the complete report.

Read More
cost drivers

Asia Manufacturing Cost Drivers Report – August 2016

The upward trend in many Asia manufacturing cost drivers continued in August by a 5 to 1 margin versus down trending cost drivers, although most cost drivers still remain positive versus this time last year. In general, those that went up in August went up significantly while those that went down went down only slightly. Specifically, hot and cold rolled steel, zinc, PVC, and nylon prices moved up the most while metals such as brass, copper and nickel, tire rubber, cotton fabric and alumina for ceramic production moved down the most. Fuel prices also moved up about 2% on average in August but still remain well below the year ago levels. The US Dollar continued to strengthen against several of the Asian currencies while labor rates and ocean freight were unchanged. China’s imports and exports were both strong in August. One significant event that will likely impact ocean freight rates in the coming month was the bankruptcy of the Korean shipping company, Hanjin. For all the details, please see the entire report that follows.

Read More