Turks worry about U.S. biz, SARS impact
May 27, 2003,
Istanbul — Like U.S. vendors, Turkish home textiles suppliers exhibiting last week at the Evteks trade show here said they are concerned about the softness in the U.S. retail market, hopeful for a post-war bounce and watching to see how SARS will ultimately impact the global supply chain.
They also are grappling with some factors unique to their region. For manufacturers that buy their raw materials in Euros, the dollar's decline against that currency is chewing into their margins for U.S.-bound goods. In a double whammy, inflation — up 35 percent in Turkey last year—has raised labor and energy costs, further pressuring margins.
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