Daily Newsletter

08 January 2024

Daily Newsletter

08 January 2024

Türkiye urges global fashion sector to look beyond price amid 49% wage hike

Türkiye has raised its minimum wage by 49% in a bid to offset inflation, however there are concerns this could reduce its competitiveness on the global fashion sourcing stage with industry experts urging fashion brands to focus on sustainable collaboration as opposed to price moving forward.

Laura Husband January 08 2024

Türkiye battles higher raw material and wage costs with brands offering the same prices for products. Credit: Shutterstock.

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