Is it really more expensive to make in the UK? Or is there a reason that some of the most profitable retailers are using more local manufacturing?
In this episode I dive deeper into prices. More specifically – how you can sell a garment made in the UK and still make as much profit as you would do by making the same product overseas.
It all comes down to gross versus the net margin, something that is rarely taken into consideration.
I break down what some of the hidden costs are with manufacturing overseas, and explain why buying product made locally can drastically increase profitability.
If you’d like to see the breakdown of the calculation that I discuss on the podcast you can read it in the show notes at www.makeitbritish.co.uk/022
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