This post a few days ago refers to the impact of Asian sourcing on both large traditional homecare manufacturers and the smaller “importer” – fast brand developing companies in Europe and in Germany in particular.
The announcement (see Reuters article) today of the Yuan revaluation is probably going to remove a point or two of margin from both company types as the customer downstream is still not willing to accept a price increase.
Few, if any homecare companies are making a lot of money in Germany. This does not help.
The writer is going to be in Shanghai next week. It will be interesting to hear the Chinese perspective. More to come…
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