12/19/15

Adidas may change factory within five years

Adidas, a maker of clothes, clothes, sports and footwear Germany's largest in the world will change location manufacturers its from China to countries in Southeast Asia again, including Cambodia, because a company expects labor and wages in China will rise until 2020.
At the same time, Adidas has said the country will become more mass market stands after Vietnam, which is a major destination to open its new plant in the next five years.
This year, Adidas will spend $ 8 billion US dollars on the production of 300 million pairs of sports shoes, garments, 350 million pairs and many other products, such as backpack in the back. Mr McNamara, senior vice president of Adidas, said that 60 per cent of which will be spent on raw materials costs, with the remaining 40 percent, labor costs and transportation.
He noted that the cost of labor in China is expected to increase from 11 to 15 percent until 2020, and during the same materials may also vary due to weather factors, and that prices will rise 1 percent to 4 percent. Adidas expects its revenue to reach 1.1 to 1.8 billion US dollars by 2020, making this a search for a new location in the Asian countries, including Cambodia, Vietnam and Myanmar.