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UNIQLO Orders Transfer To Southeast Asia, Vietnam Actually Snatched 40%!

2019/9/11 15:54:00 4

Uniqlo

For Vietnam, which is favored by UNIQLO, the industry analysts pointed out that most of Vietnam's textile and garment manufacturers are processors, and 80% of their raw materials depend on imports from China, India and ASEAN countries.

In addition, according to the garment factory owner who once relocated to Vietnam, the biggest problem is the efficiency gap between China and Vietnam. Vietnamese workers do not work overtime at all, most of them are unskilled, resulting in low productivity and late delivery time.

It is reported that after seeing the manufacturing malpractice of Vietnam, the chairman of Nike's foundry factory, Ru hung, said that the new plant will not be opened in the next three years. Data show that as of November 30, 2018, UNIQLO's main fabric suppliers in the world amounted to 46, and the fabric suppliers in China accounted for 25.

Among them, as the famous clothing factory of UNIQLO, China's Shenzhou International has established the whole production chain from textile, printing and dyeing, design, tailoring to garments, and the company has a world-class textile fabric research and development laboratory.

It is understood that while announcing part of its production to Vietnam, UNIQLO announced the "craftsman" plan for training sewing and material teams in China at the same time.

In fact, in recent years, thanks to strong consumer demand in the Chinese market, UNIQLO has achieved 7 consecutive years of sales growth.

Reading extension:

Sino US trade war aggravate order transfer

The number of Vietnamese suppliers in UNIQLO has risen by 40%!

China's textile and garment processing industry is cautiously attacked by the United States, Japan and Vietnam.

In the past March, Uniqlo recorded the highest sales growth in the Japanese market in the current fiscal year.

Fast Retailing Co. Ltd pointed out that in March, Japan dominated the warm weather, which greatly boosted the sales of the spring and summer series and jeans, and stimulated the same store sales to soar by 13% over the same period last year. The number of customers and the unit price of customers increased by 7.7% and 4.9% respectively, including 14.1% of the total sales growth of online sales.

Currently, 90% of UNIQLO products are manufactured in China, Vietnam, Indonesia, Bangladesh, India and Turkey. Although fast selling group is still most reliant on Chinese manufacturers, the Nikkei Asia commentary cites the list of suppliers announced in March 31st, saying that the number of main suppliers in Vietnam has increased by 40% since the first public announcement in February 2017.

With the aging of China's population becoming more and more serious, the labor force, especially the intensive labor force, and the increase in personnel costs, Vietnam, which has only half of China's wages, has higher labor quality and relatively stable political environment, has been regarded as the second production base by fast selling group, which is also a dynamic trend of manufacturing in Asia and the world.

In the past year, XXX group has 184 core cooperative factories in 7 countries. These long-term partners provide 80% of the total value of UNIQLO products.

UNIQLO: the cost of China and Southeast Asia is high, and the first production base in Africa is set up in Ethiopia.

According to Nikkei Chinese news network, Japan's retail giant's Fast Retailing UNIQLO will set up its first African production base in Ethiopia.

Low wage Africa has been seen as a potential competitor for such work in Bangladesh and Vietnam.

Although this situation has not yet appeared on a large scale, Ethiopia has attracted investment from China, Japan and the United States to become a new African star in the world's manufacturing sector.

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African factories

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Ryui Masa, President and chief executive of fast marketing, announced the above guidelines to start the trial production of shirts and other garments. If we can stabilize the production of low quality and high quality products, Ethiopia will become its export base for the European and American markets.

Reported that UNIQLO's move is intended to provide price competitiveness to combat global apparel giants. Although UNIQLO is strong in its Asia based overseas business, its competition with global apparel giants such as ZARA and H&M in Europe and the US is fierce.

In the latest fiscal year, the revenue of fast selling group recorded $16 billion 118 million, a sharp slowdown compared with the 21.6% increase in the 2015 fiscal year. Reducing costs has become the best way for UNIQLO to enhance its competitiveness.

UNIQLO is not the only company that has discovered Ethiopia's huge business opportunities.

H&M has made Ethiopia the most important sourcing base in Africa since 2012. The PVH group of the United States has also worked closely with the Ethiopia government to invite its global suppliers to enter the large scale modern industrial park built by the Ethiopia government in the southern HAWASSA.

Huajian group, China's largest shoe-making company, has not fallen behind and invested about 12 billion 300 million yuan to set up shoe industrial zone in Ethiopia.

UNIQLO's foundries in China are not a minority, but because of the rising labor costs, the trend towards new manufacturing depressions has become a trend.

At present, UNIQLO has 88 foundry factories in China, but in the past few years, the average hourly wage of Chinese textile workers has increased two times.

Ethiopia has nurtured the sewing industry with a cheaper labor cost than the developing countries in Asia. In the 2006-2011 years, the income of textile products in Ethiopia has increased by four times. It was also during this time that Ethiopia's exports to Europe grew by 500%.

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Customs head office:

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Before August, China's foreign trade increased by 3.6%

The US trade surplus expanded by 7.7%!!!

According to customs statistics, in the first 8 months of this year, the total value of imports and exports of China's goods trade was 20 trillion and 130 billion yuan, an increase of 3.6% over the same period last year (the same below). Among them, exports were 10 trillion and 950 billion yuan, an increase of 6.1%; imports of 9 trillion and 180 billion yuan, an increase of 0.8%; trade surplus of 1 trillion and 770 billion yuan, an expansion of 46%.

In August, China's import and export value was 2 trillion and 720 billion yuan, an increase of 0.1%. Among them, exports were 1 trillion and 480 billion yuan, an increase of 2.6%; imports of 1 trillion and 240 billion yuan, a decrease of 2.6%; trade surplus of 239 billion 600 million yuan, an expansion of 41.8%.

In dollar terms, the total value of imports and exports in the first 8 months was 2 trillion and 950 billion US dollars, down 2%. Among them, exports amounted to 1 trillion and 600 billion US dollars, an increase of 0.4%; imports of US $1 trillion and 350 billion, a decrease of 4.6%; a trade surplus of US $259 billion 270 million and an expansion of 37.1%.

In August, China's import and export value was 394 billion 760 million US dollars, down 3.2%. Among them, exports amounted to 214 billion 800 million US dollars, down by 1%; imports of US $179 billion 960 million, down by 5.6%; trade surplus of US $34 billion 840 million, and expansion of 32.5%.

In the first 8 months, China's imports and exports mainly presented the following characteristics

I. General trade growth and proportion increase

In the first 8 months, China's general trade import and export volume was 12 trillion and 30 billion yuan, an increase of 5.4%, accounting for 59.8% of our total foreign trade, an increase of 1 percentage points over the same period last year. Among them, exports were 6 trillion and 440 billion yuan, an increase of 9.4%; imports of 5 trillion and 590 billion yuan, an increase of 1%; trade surplus of 849 billion 490 million yuan, 1.4 times the increase. Over the same period, the import and export volume of processing trade decreased by 3.3%, or 24.9%, or 5 trillion and 20 billion percentage points, or 1.8 percentage points. Among them, exports of 3 trillion and 180 billion yuan, down 1.6%; imports 1 trillion and 840 billion yuan, down 5.9%; trade surplus of 1 trillion and 340 billion yuan, 4.9% expansion.

In addition, China's import and export of bonded logistics amounted to 2 trillion and 310 billion yuan, an increase of 9.9%, accounting for 11.5% of the total value of our foreign trade. Among them, exports were 767 billion 970 million yuan, an increase of 14%; imports of 1 trillion and 550 billion yuan, an increase of 8%.

Two. Import and export growth in major markets such as the European Union, ASEAN and Japan

The growth rate of imports and exports of all countries along the belt and road is higher than that of the whole.

In the first 8 months, the EU is China's largest trading partner, with a total trade value of 3 trillion and 150 billion yuan, an increase of 9.7%, accounting for 15.6% of our total foreign trade. Among them, exports to the European Union amounted to 1 trillion and 900 billion yuan, an increase of 11.8%; from the EU's imports of 1 trillion and 250 billion yuan, an increase of 6.7%; the trade surplus with Europe reached 659 billion 790 million yuan, expanding by 22.9%. ASEAN is the second largest trading partner of China, and the total trade volume with ASEAN is 2 trillion and 740 billion yuan, an increase of 11.7%, accounting for 13.6% of our total foreign trade. Among them, exports to ASEAN amounted to 1 trillion and 530 billion yuan, an increase of 15.7%; from ASEAN to 1 trillion and 210 billion yuan, an increase of 6.9%; ASEAN's trade surplus was 329 billion 500 million yuan, expanding 65.4%.

The United States is the third largest trading partner of China. The total trade volume between China and the United States is 2 trillion and 420 billion yuan, down 9%, accounting for 12% of the total value of our foreign trade. Among them, exports to the United States amounted to 1 trillion and 880 billion yuan, down by 3.7%; imports from the United States dropped by 545 billion 10 million, and 23.5%; trade surplus with the United States increased by 1 trillion and 330 billion yuan and 7.7%. Japan is the fourth largest trading partner of China. The total trade volume between China and Japan is 1 trillion and 390 billion yuan, an increase of 0.7%, accounting for 6.9% of the total value of our foreign trade. Among them, exports to Japan amounted to 635 billion 810 million yuan, an increase of 4.7%; from Japan to 752 billion 230 million yuan, a decrease of 2.4%; the trade deficit with Japan was 116 billion 420 million yuan, narrowing 28.8%. Over the same period, China's total imports and exports totaled 9.9% yuan for the countries along the belt and the road, an increase of 9.9%, higher than the national growth rate by 6.3 percentage points, accounting for 29% of the total value of our foreign trade, and the proportion increased by 1.7 percentage points.

Three, the rapid growth of private enterprises' imports and exports, and the proportion of private enterprises increased.

In the first 8 months, private enterprises imported and exported 8 trillion and 490 billion yuan, an increase of 11.2%, accounting for 42.2% of our total foreign trade, up 2.9 percentage points over the same period last year. Among them, exports amounted to 5 trillion and 610 billion yuan, an increase of 13.7%, accounting for 51.2% of the total value of exports, and imports of 2 trillion and 880 billion yuan, an increase of 6.6%, accounting for 31.3% of the total value of imports. Over the same period, foreign investment enterprises imported and exported 8 trillion and 90 billion yuan, down 1.8%, accounting for 40.2% of our total foreign trade. Among them, exports of 4 trillion and 270 billion yuan, an increase of 0.2%; imports of 3 trillion and 820 billion yuan, down 3.9%.

In addition, the import and export volume of state-owned enterprises was 3 trillion and 480 billion yuan, down 0.1%, accounting for 17.3% of the total value of our foreign trade. Among them, exports were 1 trillion and 60 billion yuan, down 5.4%; imports 2 trillion and 420 billion yuan, an increase of 2.5%.

Four, exports of electromechanical products and labor-intensive products have maintained growth.

In the first 8 months, China's mechanical and electrical products exported 6 trillion and 340 billion yuan, an increase of 5.6%, accounting for 57.9% of the total value of exports. Among them, electrical and electronic products exports 2 trillion and 830 billion yuan, an increase of 7%; machinery and equipment 1 trillion and 870 billion yuan, an increase of 3.3%. Over the same period, clothing exports increased by 669 billion 240 million yuan, an increase of 1.2%; textiles 541 billion 10 million yuan, an increase of 6.8%; furniture 239 billion 960 million yuan, an increase of 8.1%; footwear 215 billion 510 million yuan, an increase of 6.4%; plastic products 211 billion 310 million yuan, an increase of 18.2%; toys 129 billion 300 million yuan, an increase of 129 billion 300 million; bags and boxes were growing up; In addition, 44 million 970 thousand tons of steel exports, 4.4% reduction; 790 thousand cars, an increase of 4%.

Five, imports of crude oil, coal and natural gas increased.

Imports of iron ore and soybeans have decreased, and import prices of commodities have been mixed.

The average price of imports is about 10 million tons, the increase is 8.1%, the average import price is RMB per ton, and the average import price is increased. The average import price is up to RMB per ton, and the average import price is RMB per ton. The average import price of plastic ton ton increases, the average import price is up to RMB per ton, and the average import price is less than that per ton. In the first 8 months, China imported 6.85 million tons of iron ore, a decrease of 3.5%, an average import price of 644.3 yuan per ton, an increase of 43.3%, a 3.28 billion tons of crude oil, an increase of 9.6%, and an average import price of 3285.7 tons per ton.

In addition, mechanical and electrical products imported 3 trillion and 960 billion yuan, down 3.1%. Among them, 271 billion 940 million integrated circuits, a decrease of 3.8%, worth 1 trillion and 310 billion yuan, a decrease of 0.8%; 700 thousand automobiles, 10.8% reduction, 218 billion 60 million yuan in value, and a decrease of 4.6%.

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