hong kong retailers

Hong Kong Retailers Face Rising Logistics Costs Amid Middle East Conflict

Hong Kong retailers are employing aggressive cost-saving strategies including direct sourcing and economies of scale to absorb rising logistics costs from the Middle East conflict. However, leading cosmetics chain Sa Sa International has warned that shipping and airfreight costs have already surged 10-15%, with further pressure expected if the situation affects fuel supplies since many beauty products are petroleum by-products.