Price of cheap goods!

September 3, 2007

What is the cost of buying or making the goods cheaper and cheaper, day after day?!

Do you think this question is ridiculous? Think again!

When you buy a toy for your kid sibling or buy a cool t-shirt or a frozen food at a very very cheap – what is the price you (we) are paying?!

By hesitating to pay a couple of dollars or few hundred rupees more to a product we are actually paying a greater price either in the form of personal health issues or destroying our ecosystem – polluting our environment.

To know more, read about how Chinese industries operate – recent product recalls etc! There are issues with Indian industries too (textile and dye industries especially)!

It is chicken and egg case, wherein when you ask the company why they give products which are cheap (lesser quality) to customers they put it on customers and vice versa.

Soon, there may be a day, when even if we are willing to pay more to an environmental and ‘living being’ (not only human) friendly product – suppliers may not be able to provide it! Reason – very resource would have been polluted by then!

Do we want this scenario? What can we do as customers or vendors to avoid this situation?

It is said in B-schools that QUALITY as a distinguishing factor is long gone – now it is taken for granted by customers; I don’t think so! Quality & environment friendliness will capture the mind of a customer even today and definitely tomorrow!

Just a thought in H.O.T!

6 Responses to “Price of cheap goods!”

  1. Nova Says:

    Very true! Competition is making people do crazy things…


  2. This issue is actually very acute… except that we are not able to see the consequences and hence no action from our side…

  3. Sriram Says:

    Not ALL cheap products are low on quality. We’ve heard of value for money products, right? As a case in hand, we’ve the Mahindra Logan. Eventhough they reckon it’s cheaper than the competition, it’s still considered to be pretty good on build quality etc. Another case, cell phones are getting cheaper by the day. But, I don’t think their quality is also on a down-ward spiral.

  4. srivaths Says:

    @Sriram – Point noted. Think about the quality of manufacturing process, what we use may have good quality (in case of mobile phones) but the manufacturing process may leave that enviroment in a bad shape!

  5. chandru Says:

    The examples of toys were very appropriate… pls write more on this topic with specific examples(detailed)…


  6. PGS8qR Blogs rating, add your blog to be rated for free:
    http://blogsrate.net


Leave a Reply