022 – Is Making in the UK Really More Expensive?

Is it really more expensive to make in the UK? Or is there a reason that some of the most profitable retailers are using more local manufacturing?In this episode I dive deeper into prices. More specifically - how you can sell a garment made in the UK and still make as much profit as you would do by making the same product overseas.It all comes down to gross versus the net margin, something that is rarely taken into consideration.I break down what some of the hidden costs are with manufacturing overseas, and explain why buying product made locally can drastically increase profitability.If you'd like to see the breakdown of the calculation that I discuss on the podcast you can read it in the show notes at www.makeitbritish.co.uk/022  Cost Price Calculation of a T-Shirt made in the UK Vs OverseasStay in TouchBritish Brand Accelerator - Find out how you can work with me to build your British-made brandMake it British websiteJoin Make it British - become a member of our community and promote your business in our directory or UK-made brands and manufacturersMake it British on InstagramMake it British on YouTube - subscribe to my YouTube channel to watch many of the podcast episodes as videos.