Trends in China’s Textile and Apparel Industry While China’s textile market is experiencing a continually decline in revenues, the apparel market shows a much more dynamic development in terms of concentration, brands and customer preferences.China Textile Industry Revenues of China’s textile industry has been declining from 386 billion CNY in 2017 to 227 billion CNY in 2020, resulting in a CAGR of -16%. Drivers: With the increase of resident income, consumption upgrade, and implementation of China’s second-child policy, the demand for high-quality textile materials will remain increase. Technologies applied in design, manufacture, marketing, and logistics in the textile industry will …
Smart Manufacturing Push in China
Smart Manufacturing Push in China The age of cheap labor in China is almost over. Thus, Chinese companies have recently been introducing smart and automated manufacturing systems, that help to save cost, shorten lead times and increase flexibility. In this article EAC presents three cutting-edge examples: Xiaomi, Alibaba and JOMOO.Xiaomi Smart Factory Founded in 2010, Xiaomi has become one of the world’s largest smartphone manufacturers and most well-known “smart home” brands within only ten years. The company’s new Smart Mobile Phone Factory is powered by 5G and Artificial Intelligence and has a size of 18,600 square meters, featuring… Equipped with …
China Case Study: Dyson
China Case Study: Dyson Dyson is a success story in terms of how foreign consumer goods brands can build and maintain a special image in China – by leveraging product design and marketing in a localized way.Dyson in China – Key Facts After Dyson entered the Chinese market entry in 2012, the country became the firm’s fastest growing market in 2014 and has been ever since. But this development was not pure luck or coincidence, since Dyson strategically invested in its operations in China: Established network of ~15 Dyson self-operated stores and 135 3rd-party-operated POS in 90 cities (focus on …
Localization Pressure in China’s Healthcare Industry
Localization Pressure in China’s Healthcare Industry China’s rising demand for healthcare products and especially medical devices has been a major growth driver for both international and domestic companies in recent years. But barriers to participate in the booming MedTec market as a foreign company are becoming higher, since the Chinese government is increasingly pushing for localization.How is China’s healthcare industry developing? China’s rising demand for healthcare products and especially medical devices has been a major growth driver for both international and domestic companies in recent years – supported by a general rise in accessibility and affordability of health services. Further …
Hefei – A Rising E-Mobility Hub
Hefei – A Rising E-Mobility Hub Hefei, the capital of Anhui Province and home to 8 million people, is slowly rising to become one of China’s leading e-mobility and battery technology hubs, thus supporting the government’s direction of gaining a leading position in the global EV market. The city, which is located within 450 km of Shanghai (~5 hours drive, 2 hours by HSR), sees a growing number of companies setting up their business due to favorable policy support and funding by the local government with the aim of reaching an output of 1 million NEVs in 2025.Which companies are …
The Rise of China’s Drone Industry
The Rise of China’s Drone Industry How big is China’s drone industry? With an expected CAGR of 40.67% between 2017 to 2024, China’s drone industry is thriving. The country is the second largest drone market in the world and is expected to close the gap with the leading market USA in 2024. As the predicted total market value of the Chinese drone industry is over 180 billion yuan in 2025, the sector has turned into a profitable business. According to Drone Industry Insights, the Shenzhen-based company DJI is the top manufacturer of commercial drones, leading far ahead with an estimated …
Opportunities to leverage wind supply chain shifts to China and India
Opportunities to leverage wind supply chain shifts to China and India Asia is the key driver of growth for the wind energy sector, accounting for around 60% of new installations in 2020. Driven by the strong market, local supply chains in China and India have been developing and now offer increasingly mature & cost-effective sourcing opportunities.To remain competitive, firms along the wind supply chain should adapt their strategy to these changing market conditions. A strategic footprint development across Asia, localized product & pricing strategies as well as transparency on domestic competitors are all crucial factors that need to be considered. …
Emerging Chinese Consumer Brands
Emerging Chinese Consumer Brands What is happening to China’s domestic consumer brands?The rapid development of Chinese domestic new consumer brands has become a conspicuous phenomenon for China’s consumer market in recent two years. 2020 can be seen as the “breaking out” year for Chinese domestic brands when they started expanding rapidly by differentiation, segmentation, and regionalization. Emerging domestic consumer brands show great competitiveness when facing traditional players. Some of them even successfully beat traditional brands to become the sales champion on e-commerce platforms in their segment. For example, during the “618 shopping festival” in 2021, more than half of the …
Opportunities in the Construction Equipment Market in India
Opportunities in the Construction Equipment Market in India The construction industry in India is one of the sectors which has been resilient to COVID impact, maintaining a steady growth despite a decline in the construction activity due to lockdowns with some key industry drivers. With the influx of projects in infrastructure construction, the construction equipment industry is expected to grow at 4% in the period during 2019-26 with the equipment sales expected to reach 122 thsd units.In addition, India is poised to become one of the key export hubs on account of reforms in the emission and safety standards for …
Germany’s Supply Chain Due Diligence Act
Germany’s Supply Chain Due Diligence Act On June 11, 2021, the German Parliament passed the Supply Chain Due Diligence Act. With this law, the German government aims for greater protection of people and the environment in the global economyWhat has happened? On June 11, 2021, the German Parliament passed the Supply Chain Due Diligence Act. With this law, the German government aims for greater protection of people and the environment in the global economy. As outlined by the federal government, German companies will face a range of obligations: Companies must ensure compliance with human rights regulations among their entire supply …
Supply Chain Sustainability in Asia
Is a changing Regulatory Landscape affecting Supply Chain Sustainability in Asia? On June 11, 2021, the German Parliament passed the Supply Chain Due Diligence Act. With this law, the German government aims for greater protection of people and the environment in the global economy. As outlined by the federal government, German companies will face a range of obligations. German companies especially need to address these requirements in their overseas activities. Having a risk management system to detect human rights or environmental law infringements is one key element. Further key questions for your company might be: Do we have full transparency …
Digital Value Creation in the B&C Industry
Digital Value Creation in the Building & Construction Industry When companies transform their business model in our digitally driven society, this impacts the entire organization – from customer acquisition and customer life-time value (CLV) management to the continuous development and marketing of new products and services. Individualized customer centricity plays a central role in digitization processes.We support companies in the B&C industry in providing an integrated link between the real and virtual worlds. This results in an optimized data and knowledge base to gain a good understanding of the multi-layered ecosystem around direct and indirect customers and their decision criteria. …