Nine percent Olympics products made within England – London Olympics 2012
It has been recently revealed by a research conducted by the Mail that only 9 percent of the total products available on the official website of the London 2012 Olympic Games have been made in the United Kingdom while the rest have been produced in offshore
factories.
The total number of Olympic products that are on display on the official website of the Games are 194. The London Organising Committee for the Olympic Games plans to generate a total of £1 billion in terms of revenue from the sale of these products until
the time that the Olympic Games reach their close on August 12.
Having outsourced the production, the LOCOG seeks to maximise its profits as the cost of production would have increased significantly had the products been manufactured within the country. As a result, the amount of profit that the LOCOG expects to make
from the sale of the Olympic products total to be £86 million.
A Federation of Small Businesses spokesman expressed himself in the following manner on the matter of outsourcing production, “This was the perfect opportunity to champion the country's manufacturing industry and show off the best of British and it has been
thrown away. We have expertise across the UK in every area of manufacturing, from T-shirts to toys, which could have been utilised. At a time when the economy is suffering, this would have been a very welcome boost. It is bitterly disappointing.”
The bulk of the merchandise that is available as Olympics souvenirs was made in China, which produced a total of 62 percent of the products. The second biggest chunk went to Turkey that was involved in the production of 9 percent of the Olympic Games products.
Other than that, Philippines has made 4 percent of the merchandize. Other countries to whom the production of the Olympic products was given include Pakistan, Poland, Germany, as well as India to name a few.
The main products that these countries have made for the Olympic Games include bags, toys, hats as well as T-shirts.
The Olympic organisers had promised to give the opportunity to local businesses through the Olympic Games but the outsourcing of production has not been able to fulfil the commitment.
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