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I’m actually surprised it’s as high as 30%. Would’ve expected 10% tops. Reminds me of that Planet Money special where they made their own tshirts from scratch,
by brtkdotse 4y ago
I’m actually surprised it’s as high as 30%. Would’ve expected 10% tops.
Reminds me of that Planet Money special where they made their own tshirts from scratch, as “finding a cotton farmer to buy cotton” from scratch. The thing that added the most cost was the transport from the dock in NYC to the store.
- Cthulhu_ 4y agoI'm sure manufacturing costs is like 10% or even less, but between the factories in e.g. China and the US or Europe, there's container transport overseas, import taxes and fees, and other such transportation and logistics overhead. I freqently find myself in a supermarket and think that the packaging for the products there was more expensive than the product itself. Plus the logistics.
- School-Cotton 4y agoShipping over the ocean from China to the US is very cheap.
- onemiketwelve 4y agoAh damn, I just commented about planet money. Seriously, it was totally perspective changing. Anyone who even has a modicum of interest in econ/business, especially as it pertains to the topic here, should listen to the t shirt saga. It's excellent storytelling even for those who aren't economics nerds. Still have my squirrel t-shirt I bought to this day :) https://apps.npr.org/tshirt/#/title https://apps.npr.org/tshirt/#/title