The light industry of Russia in recent years demonstrates impressive growth indicators. One of the key factors that influenced this process was the introduction of the mandatory product labeling system "Chestny Znak". This measure not only increased market transparency but also significantly improved the economic results of legal manufacturers.
Significant revenue growth
Since the introduction of mandatory labeling, the revenue of legal light industry manufacturers has increased almost 2.5 times — from 328 to 827 billion rubles. In terms of real output volume (considering inflationary processes), the dynamics amounted to approximately 80% growth. This data was presented by Artem Kontserev, Deputy Director of the Center for Economic Expertise of the Institute of State and Municipal Management at the National Research University Higher School of Economics, at a meeting in the Federation Council.
Profitability growth
According to Rosstat, the average sales profitability among legal manufacturers has also significantly increased: from 8.4% to 12.8%, which corresponds to an increase of 4.5 percentage points. This indicates that companies are not only selling more but also earning more effectively on every ruble of revenue.
Transparency and combating the shadow sector
The introduction of the mandatory labeling system has significantly reduced the volume of illegal production. During a joint experiment by the CRPT and Rospotrebnadzor, it was found that out of 107 market participants checked, only two were able to confirm the presence of real production capacities. At the remaining addresses, instead of the declared workshops, residential buildings, hotels, and vacant lots were discovered. This testifies to a large-scale fight against pseudo-enterprises and increased industry transparency.
Mandatory labeling has become a powerful tool for supporting legal light industry manufacturers in Russia. Increased industry transparency promotes the development of fair competition and strengthens the positions of domestic manufacturers in the market.
If you plan to outpace your competitors and increase turnover, we are waiting for you at the "INTERFABRIC" cross-industry exhibition of light industry, where under one roof at Crocus Expo you will find:
- exhibition of fabrics,
- exhibition of home textiles,
- exhibition of technical textiles,
- exhibition of sewing equipment,
- exhibition of nonwoven materials,
- exhibition of fashion,
- exhibition of the textile industry.
See you in the new season of "INTERFABRIC"!