Supermax klse screener - SUPERMX

Customs and Border Protection CBP to obtain more clarity and information on the Withhold Release Order WRO issued and the required measures going forward.



Updates on further developments will be announced as appropriate.

Description: The audit is currently ongoing.

Views: 2102 Date: 02.02.2023 Favorited: 14 favorites
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The process has well started and Supermax is surprised that due consideration has not been given to the fact that corrective steps have started and improvements made to labour welfare.
Updates on further developments will be announced as appropriate.
With labour costs accounting for only about 10% of total production costs, TA Securities estimates that profits for the glove manufacturers under its coverage will be impacted by about 3% to 5% in 2022, assuming minimal pass-through as the industry enters the Covid-19 endemic stage.

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