Near shoring

15 Mar 20212 min read

  • Short shipping date from Turkey to Europe, 3-6 days. Far East 30 days.
  • Labor cost gap between far east and Turkey is shrinking. Labor costs in Turkey were more than 5 times higher than those in China in 2005, the factor diminished to only a factor of 1.6 times by 2017. But today’s fashion industry, speed beats this margin.
  • 6% growth of local demand in Far East each year, which makes local market attractive for local producer.
  • The huge source of raw materials, fabrics and ingredients in Turkey.
  • Incentives zones in Turkey for manufacturing which reduce labor costs.