MATERIAL PRICES SKYROCKET, HOW TO STABILIZE PRODUCT COST PRICES?

Affected by domestic and foreign events such as the Russian-Ukrainian war and the outbreak of COVID-19, the price of raw materials has risen significantly, and the price of products has been forced to increase, further compressing the profits of customers. In order to stabilize the company's product prices, our company signed a three-year cooperation agreement with two major fabric suppliers in the region, which can alleviate the pressure of product price increases to a certain extent.