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- Title
Impact of Increased Cost of Production in Leather Industry (A case study of leading leather industries in Pakistan).
- Authors
Ahmed, Tazeen; Ali, Tahir
- Abstract
In this research paper, the impact of increased cost of production on leather industry is highlighted which has resulted in decline of sales. This study report makes an effort to track the interactions of the most significant factors affecting leather goods sales in Pakistan. This industry has been struggling for many years and is unable to increase its sales. We pay attention to every factor contributing to the drop in leather sales and work to identify its underlying causes. We used primary data sources for this study. As the sampling frame, the questionnaire data from Karachi is used. We have utilized stratified random sampling to determine the effect of increasing manufacturing costs on leather sector sales. And there is a strong correlation between these variables, according to the connection. Our research's conclusion and recommendations are to raise raw material prices and availability in order to increase leather sales. Livestock smuggling needs to cease. Promotion of leather products is required everywhere in the world. In comparison to rival nations like China and India, Pakistan's production costs are extremely high. It has been extremely challenging for the leather industry to compete due to the high cost of numerous inputs including raw materials. If the leather industry increases its sales, it will be advantageous for our nation, and the goal of this research article is to bring innovations in the field of leather industry.
- Subjects
PAKISTAN; KARACHI (Pakistan); LEATHER industry; INDUSTRIAL costs; LEATHER goods; LEATHERWORK; RAW materials; SMUGGLING
- Publication
International Journal of Global Business, 2023, Vol 16, Issue 2, p21
- ISSN
2151-7541
- Publication type
Article