Factors Influencing Hong Kong Textiles Industry
Hong Kong plays a vital role in the development of the textiles, clothing, and allied industries due to its strategic location, labor costs, and supply chain management capabilities. The region serves as a hub for international fashion brands and related operations, driving global and local business trends in the apparel industry.
Uploaded on Mar 13, 2025 | 0 Views
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Presentation Transcript
Contemporary Factors Contemporary Factors Influencing the Development and Influencing the Development and Position of Hong Kong Textiles, Position of Hong Kong Textiles, Clothing and Allied Industries Clothing and Allied Industries Apparel Industry Business Environment 1
Hong Kongs unreplaceable role Hong Kong is a regional hub of Asia and is also tied to the world. It is an ideal location to manage supply chains of the Textiles and Apparel industry The industry is a labour-intensive operation that low labour and operational cost is crucial With limited land of Hong Kong and the development of various commercial businesses that led to increase of operational cost, many textiles and garment factories had relocated their operations to the Mainland starting from 1990s. Currently, with the economic prosperity of China, the labour and operational cost has increased to a level that many factories have a second relocation from the Mainland to other manufacturing hubs within Southeast Asia Hong Kong s role is still unreplaceable, and yet it becomes even more important. Hong Kong is poised to maintain its status as the best place to oversee the supply chains. Hong Kong is able to network the region due to the management skills and technical expertise are still here providing speedy and efficient supports to the industry 2
Hong Kong a Hub of International Fashion Brands and all related operational business along the supply chain Fashion Brands Education and Training Institutions Many international fashion brands, textiles companies and allied operations have established regional headquarters in Hong Kong to orchestrate their business in the Mainland and Asia Hong Kong has well-trained talents, world-class financial services, strategic minds, simple taxation system, global gateways and updated technologies Fibre Companies Hong Kong Headquarters to control businesses and operations in China, East Asia and South East Asia Accessories Companies e.g. zipper, button, lining, interlining, packaging, and etc Marketing and Advertising Companies Yarn Companies Garment Fabric Companies Garment Sourcing Companies 3
Globalisation and Localisation 4
What is Globalisation? It is the process by which businesses or organisations develop international influence or start operating on an international scale. Ideas, knowledge, information, goods and services are spread around the world. 5
What is Localisation? It is the adaptation of a product or service to meet the needs of a particular place. A localisation strategy is a market approach a company takes to address purchasing habits, customer behaviours and overall cultural preferences. 6
Localisation is the New Globalisation More precisely hitting the needs of the target market and make a deeper connection with customers New generation customers need personalised products and services to address the global trend of Individualism Many fashion brands have adopted personalised strategies in their business 7
