Latest news with #cost
News.com.au
3 days ago
- Business
- News.com.au
‘Cost is a crucial factor': Aussie business owners reveal why their products are made in China
Two Aussie business owners defended themselves against the 'stigma' of having their products made in China, exposing a huge issue for Australia in 2025. Alexandra Pappas, 36, is the founder of statement homewares company No. 22 and she's found it impossible to get her products made in Australia. 'We have found that producing our products in China costs, on average, around one-third of what it would be to manufacture the same products in Australia or other regions,' she told 'As we look to develop a new range of glassware, the quotes we have received from Australian-based manufacturers are significantly higher than those from Chinese factories.' Ms Pappas argued that 'cost is a crucial factor' in decision-making, and if it costs more to make something, ultimately, she has to pass on that cost to consumers. Her focus has to be on keeping the business profitable. And Aussies might like to say they want things made in Australia, but do they want to pay inflated prices? It is a question that Ms Pappas isn't prepared to risk asking her customers. 'For example, we are currently collaborating on a limited-edition collection with a specialist factory in Greece,' she said. 'The production costs for this collection are approximately four times higher than our core range. As a result, this collection will be positioned at a premium price point in order for it to be feasible and successful for us.' The business owner argued that getting stuff made in China isn't just a money-saving technique — it's also a great place to have products made. 'China offers world-class manufacturing capabilities, particularly when it comes to producing high-quality ceramics at scale,' she said. 'The factory we work with is home to highly skilled artisans who have crafted for some of the world's leading lifestyle and homewares brands.' Ms Pappas argued that there's still a stigma when someone hears something is 'made in China', one she disagrees with. 'There is still a misconception that manufacturing in China equates to lower quality,' she said. 'Many of the best lifestyle products are produced there because of the unmatched craftsmanship, access to materials and capacity for consistent, high-volume production.' Tina Grosso, the founder of underwear brand Chou Chou intimates, has a similar perspective, but her decision stems from what she couldn't find in Australia. 'Choosing to manufacture in China isn't just about lowering costs, it's about accessing a level of craftsmanship, technical capability, and scalability that's incredibly hard to find in Australia,' she told 'Locally, I am yet to find a factory equipped to handle the kind of specialised work we do at the scale we do it, especially when it comes to lingerie or detailed garment construction.' Ms Grosso, 30, said that while 'manufacturing offshore does offer cost efficiencies,' she believes the real value comes from the makers there. 'The real value is in working with partners who understand our product, share our quality standards, and can support our long-term growth,' she said. 'We've built relationships with trusted suppliers who are experienced, ethical, and deeply skilled in their craft.' Before she started manufacturing her products in China, quality was her 'biggest concern,' and she wanted to make sure she understand exactly how the process would work. 'Before committing to any purchase orders, I physically went and visited the production sites, requested multiple samples, asked for and reviewed all their audits and certifications,' she said. Despite how much she can justify her decision to manufacture her brand offshore, she knows it comes with criticism. 'There's still a lot of outdated stigma attached to 'Made in China,' especially in fashion,' she said. 'I think brands hesitate to talk about it because they fear it might dilute their perceived value but the truth is, where something is made matters less than how it's made and who you're working with.' At the end of the day, though, the business owner simply couldn't find a local supplier in Australia who could meet her needs. 'Especially since lingerie requires specialised machinery and technical expertise. Beyond that, finding enough skilled seamstresses to produce at scale, particularly in NSW, would be incredibly difficult,' she said. 'Based on my research, if we were to factor in local wages, limited access to materials, and smaller production runs, I estimate the cost would be at least 60-70 per cent higher than manufacturing in China.' That reality means that once she crunched the numbers, there was no way she could afford to make her lingerie in Australia. 'At that cost, even with minimum margins, the retail price of our garments would be pushed beyond what most customers are willing to pay — making the product commercially unviable,' she said. 'The difference isn't just about saving — it's what enables us to reinvest into quality, sustainability and storytelling while keeping our pieces accessible.'
The Independent
20-05-2025
- The Independent
29% of wedding guests say ‘I don't' to ceremonies overseas, survey finds
Nearly three in 10 (29%) people have declined invites to marriage ceremonies being held abroad in the past three years, a survey has found. The average cost of attending a wedding held overseas was put at nearly £2,000 by credit information firm Experian, which commissioned the research. Those who declined invites for weddings abroad had done so for various reasons, with some saying they could not afford to take time off work, the journey was too far, or that they were unable to afford the transport and accommodation costs. Some said they did not know the couple well enough to justify the cost while others said they had received too many invites to weddings being held abroad recently, according to the survey carried out by Censuswide among 2,000 people across the UK in May. Researchers also surveyed those who had attended overseas weddings, with the average cost put at £1,956, and travel, accommodation, outfits and gifts taking up the biggest chunks of guests' budgets. John Webb, a consumer expert at Experian, said: 'Attending a wedding abroad can be a magical experience and a great opportunity to explore somewhere new. But it's important to be mindful – costs can add up quickly.' He suggested: 'If you're worried about the financial side of attending, don't be afraid to talk to the couple. They'll want you there but not at the expense of your financial wellbeing – so it's always worth having an honest conversation.'
Daily Mail
11-05-2025
- Business
- Daily Mail
My sister's shock death at 34 was devastating. So at 42 I'm already planning my budget funeral - including the trick to save my family £3,601 on my burial
The cost of a basic funeral has hit an all-time high of £4,285, and families end up paying more than twice that on average, once additional costs such as the wake and flowers are included. But not my family. I've planned my own send off – and it'll be cheap as chips. I'm only 42 years old and in good health. But I have attended more than my fair share of funerals and planned a couple, too, which made me realise that I didn't want some extravagant funeral that comes just about as close as you can get to simply burning money.
Bloomberg
10-05-2025
- Business
- Bloomberg
Eurovision Fans Find Swiss Franc's Latest Surge Hits a Sour Note
As many as half a million fans heading to Basel for the Eurovision Song Contest next week are about to discover that Swiss prices stoked by the franc's gains are far from music to their ears. With the currency having hit a decade high against the dollar in April, when it also reached close to the strongest in that period against the euro, visitors will soon find their passion for pop comes at a cost. For those from neighboring countries, a 200-franc ($242.28) hotel night would have been at least 12 euros ($13.56) cheaper if the event took place on the same date in 2024.
