Discussion On Future Purchasing Trend Of Clothing

At present, the center of global manufacturing is shifting and facing reorientation. Supply chain Invest more and strengthen R & D efforts. Although China's labor costs rise, it can compensate for competitiveness through technological upgrading, and help build a more solid foundation through change.

　 Hong Tianzhu, chairman and CEO of Tianhong Group

For China, the deployment of accelerating the transfer and upgrading of industrial chain is particularly important at present: that is, from simple production export to high level service transfer. To speed up the layout of overseas industries, it is the best choice to build production centers in Vietnam, which can serve international buyers. Labor is only part of the cost of production, efficiency is the most critical factor affecting costs. To invest in factories, we must use advanced technology and equipment to make up for the pressure brought about by the increase of labor costs. Investment in technology and equipment should be based on 15 years.

　　 France Lectra (Rick) CEO Daniel Harari

From the perspective of supply chain, retailers focus on profit margins, hoping to control the entire supply chain. Manufacturers are concerned about cost, delivery time, terminal building, extension and expansion of supply chain. For the company, the key to the strategy is the direction of development and the vision of the future. The business model must conform to the company's own DNA and create management's belief in the company. We should continue to improve business processes based on customer needs.

U.S.A clothing and shoes Industry Association President /CEO Kevin Burke

Thanks to changes in the prices of raw materials and labour in the United States, procurement in Vietnam and Bangladesh has increased. However, a series of safety incidents in Bangladesh have had an impact on the purchasers' orders. What will the future market trend be? If Vietnam, Indonesia, Bangladesh and other countries compete with China as competitors, the problems that the United States purchases in these countries is just like the problems encountered in China 25 years ago: lack of capacity and infrastructure. At present, China has perfected all this. Next, the opportunity will still be in China.

Supply chain procurement and transfer

Dr. Achim Berg, partner of McKinsey consulting company

According to McKinsey's survey, 75% of the supply directors believe that the cost of future products will rise, which will have a serious impact on the company. In the next 72%, the purchasing director will diversify the purchasing place instead of concentrating on one place. In order to find new value depressions, 24% of the purchasing director thinks that in the next 5 years, sub Saharan Africa will become a huge potential source of procurement. Bangladesh, Vietnam and India will be the 3 hotspots in the future.

African cotton and Spin Executive director of industry alliance Rajeev Arora

Africa produces high quality cotton. Under the framework of the African Growth and Opportunity Act (AGOA), the cotton produced in Africa is exported to the United States after processing locally into textiles and garments, enjoying zero tariff preferences. Therefore, investing in Africa has great advantages in cotton, textile and garment manufacturing. At the same time, sub Saharan areas have the advantage of fast shipping speed, and the governments in these areas also want to invest more in the textile industry.

Xu Weimin, chairman of Shanghai silk group

Compared with Bangladesh, China's manufacturing advantages are still there. At present, efforts should be made to solve the problems: first, cultivate core competitiveness, from OEM to ODM, and private brand processing and production (OBM). The two is to change the passive into the initiative and extend the value chain according to the requirements of customers.

　 Brand and market distribution strategy

Gao Dekang, chief executive of Bosideng, represents Gao Miaoqin.

The various factors in the future market will flow faster and the domestic and foreign markets will gradually merge. There is a lot of acclimatization of Chinese local brands, but there is no good experience to learn from them. Bosideng brand will reflect oriental characteristics in style design and integrate into European style in design. Through a strong international design team, we can reflect and enhance the deep meaning of the brand.

　 Piergiorgio del Santo, President of Italy luxury brand PGSD

In the current Chinese market, the young middle class who has strong consumption ability for luxury goods is developing diversified. Hermes's success in China is a good example. We must know more about this market.

　　 German Brax sales director Stefan Lange

Brax now has 45 stores in China and 26 cities. In the current market environment, the biggest challenge for us to introduce international brands to China is: how to determine the best in the case of market supply exceeding demand and lack of excellent store managers. Storefront Site selection, to achieve heaven, earth, and harmony.