Sterling Consolidated's Suppliers recorded an increase in sales by 14.68 % year on year in Q3 2022, sequentially sales grew by 1.92 %, Sterling Consolidated recorded an increase in cost of sales by 123.91 % year on year, sequentially cost of sales grew by 33.96 % in Q3.
Sterling Consolidated's Suppliers recorded an increase in sales by 14.68 % year on year in Q3 2022, sequentially sales grew by 1.92 %, Sterling Consolidated recorded increase in cost of sales by 123.91 % year on year, sequentially cost of sales grew by 33.96 % in Q3.
Rubber is the raw material that we are dependent on in our business. In order
to compete in the US, a supplier must import from China. This is due to the fact
that manufacturing rubber is a labor intensive project and labor costs are significantly
cheaper in China than they are in the United States.
Sterling Consolidated's Comment on Supply Chain
Rubber is the raw material that we are dependent on in our business. In order
to compete in the US, a supplier must import from China. This is due to the fact
that manufacturing rubber is a labor intensive project and labor costs are significantly
cheaper in China than they are in the United States.
STCC's Suppliers Net Income grew by
STCC's Suppliers Net margin grew in Q3 to
102.46 %
10.77 %
STCC's Suppliers Net Income grew by 102.46 %
STCC's Suppliers Net margin grew in Q3 to 10.77 %
Sterling Consolidated's Suppliers Sales Growth
in Q3 2022 by Industry
Sources:
Sterling Consolidated Corp's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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