This era of globalization affords us of free trade such that cost of imported goods have drastically gone down. But what happens when a supplier has a monopoly of the supplies? A cousin's business is footwear which they import from Chinese factories. When one factory couldn't deliver, he would turn to another. But in the later years, the factories required supply contract so it would be like being a monopoly since the contract is exclusive. And when there was no other way to get a contract from other factories, my cousin and his boss decided to quit the business. It is suicide to have a supplier that has a monopoly of the supplies.