冯氏集团：2023跨国采购报告（英文版）（93页）.pdf

1、COUNTRY SOURCINGREPORTCountry overviewSourcing&industry updatesMinimum wage comparisonsGlobal trade policy regimeInput price trendsMacroeconomic dataNovember 2023Helen Chin,Sophie Zhang,Winnie Lo,William Kong,Marco Chen Issue 21BANGLADESH CAMBODIA CHINA INDIA INDONESIA PAKISTANPHILIPPINES THAILAND T

2、URKEY VIETNAM CENTRAL AMERICA COUNTRY SOURCING REPORT ISSUE 21 EXECUTIVE SUMMARY Stay One Step Ahead in a Turbulent World The world economic recovery is not as smooth as expected.When China lifted all travel restrictions earlier this year and re-opened to the world,markets were bullish and consumer

3、confidence lifted,hoping post-pandemic China would drive faster growth for the global economy.Chinas economy indeed rebounded;however,the initial growth trajectory lost steam in the second quarter.Chinas domestic consumption only regained momentum in the third quarter after the central and local gov

4、ernments implemented a series of expansionary policies.Inflation rates in various countries around the world have gradually dropped from their peaks in 2022,but have not fallen into target ranges set by their respective central banks.As a result,central bank officials are remaining cautious about ra

5、te cuts to prevent a potential inflation rate rebound.In the US and Western European countries,sluggish economies and high interest rates have suppressed import demands,which in turn has hit the export performance of most sourcing countries under our observation.Excessive freight,raw material,and en

6、ergy costs have plagued apparel and footwear exporters since late 2020 but have begun to decrease this year and are expected to continue their downward trend in the near future.Notably,the China Containerized Freight Index dropped from an all-time high of 3,587.91 on 11 February 2022 to a three-year