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    For exporters, Christmas doesn't have the same cheer this year

    Synopsis

    With excess inventory and recessionary trends the world over, exporters are seeing a dip in orders and delay in payments during the peak shopping season.

    “This isn’t the Christmas it used to be,” says Alka Goel, rueful about her company’s export situation this year.The Director at Kanodia Global, a home decor, baby textiles and fashion manufacturer, has seen a drop of 10-15% in export orders this Christmas season. Purchase orders from overseas resellers have shrunk as they are dealing with high inventory levels. As inflation and other worries have made shoppers cautious this year, they are not
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    The Economic Times