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Rising labour costs in 2014 pushes global sourcing costs to increase

2014 saw more wage strikes, resulting hikes and general unrest among workers when rates were not sufficiently raised. But despite discontent among the workforce, wages are up worldwide and labour will be costlier in 2015. However, experts predict that lower costs of inputs, like cotton, which has hit five-year lows in pricing, could partially offset the increase in labour rates.

Related Keywords: global sourcing costs, labor cost in Cambodia, labor cost in China, labor cost in Haiti, labor cost in Los Angeles, labor cost in Vietnam, Labour cost, textile labor cost, textile sourcing costs

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