China continues to be the world's largest supplier of baby toys with exports still achieving double-digit annual growth. New product standards and more stringent enforcement of existing regulations, however, will shake up the industry in 2008.
In response to the series of high-profile toy recalls in 2007, new domestic and foreign policies have been implemented to improve toy safety and quality. Many mainland suppliers, particularly small and midsize companies, report that meeting these standards are their biggest challenge.
Baby toy prices are expected to increase, mainly due to compliance with these measures and to higher material and labor costs. According to the Supplier Survey conducted for this report, 82 percent of respondents plan to increase prices during the next six months.
With the help of this report, you too can profit from this rapidly changing industry.
This report will answer questions such as:
| • | Which suppliers are capable of meeting new toy standards? |
| • | How are suppliers changing sourcing strategies, manufacturing techniques and QC tests to comply with new regulations? |
| • | How can you determine which suppliers will survive the industry's restructuring and consolidation period? |
| • | How will rising production costs affect pricing in the next 12 months? |
| • | What kind of multifunctional baby toys will be released in 2008? |
| • | And much more... |
With profiles of 45 suppliers, a comprehensive industry overview, detailed product and pricing information as well as a special quality and safety section, this report will help you qualify suppliers before your next sourcing trip to China.
