RE: How many masks25 Feb 2021 09:33
Simran, great post,
Was it not talked about actual retailing the mask at £1 ?
When the companies i am/have been involved with, the very big chains absolute maximum to pay the supplier is 29p, to enable a £1(or 99p) selling point
For this,you have to make,package,deliver, absorb long payment terms, rebates in some instances, and also in some cases the own branding .
Found this very difficult on lower price point items ,unless you got huge orders of course.
imo, think with the right publicity people would pay tops £1.99/£2.99 per mask ? maybe more ? thoughts ?
At the moment , due to Brexit changes and huge transport costs,and long delivery dates from China(and paying 5/6 times for a container compared to last Autumn ),plus the negativity on some parts from Uk companies to the chines in the Covid scenario ,we have a huge starting point when we can produce (whatever patent we have ,trust me the chinese will have a version)
GLA LTH