New Research Report Package by Global Sources28 Feb 2013 • by Natalie Aster
Sourcing Report: Indonesia - Fashion Bags. Remarkable growth highlights the development of the fashion bags industry in Indonesia. Exports in recent years have risen significantly as a result of burgeoning demand from established and emerging markets. The sector's progress is attributed to several factors, chief of which is the gradual recovery of the US economy. An increasing number of buyers from alternative destinations are also driving up revenue as Indonesia's reputation as a viable alternative sourcing center to China becomes prevalent. The industry benefits from a number of strengths that help in its development. One of these is the widespread availability of most natural materials obtained from plants and marine life. Another competitive edge is the high level of workmanship used by companies, which commonly farm out several manufacturing and design processes to craftsmen.
Sourcing Report: Car Electronics. Car electronics suppliers in China are bracing for several challenges to stay on a growth track in the months ahead. Overseas, companies have to contend with demand from the EU and North America remaining weak, although gradually recovering. A number see shipments to the two areas increasing less than 5 percent. With opportunities in the two major markets constrained by economic uncertainties, many enterprises are looking at alternative destinations to keep revenue on the upswing. South and Central America, the Middle East and Africa are among the targets. In the endeavor to expand their customer base, maintaining competitive prices without compromising profitability is a key concern. Higher outlay and the appreciation of the yuan are putting pressure on margins, forcing companies to raise quotes and risk their main advantage.
Sourcing Report: Camping & Outdoor Gear. China's camping and outdoor gear suppliers are bracing for several challenges in the months ahead. Foremost among their concerns Is how to maintain competitive prices without risking profitability. Increases In manufacturing outlay and the appreciation of the yuan are putting pressure on margins, forcing companies to raise quotes and take the chance that clients may source elsewhere. Overseas, suppliers have to contend with weaker demand from the EU and the US as consumers there tighten discretionary spending amid the economic crunch. Although the camping and outdoor gear markets In the two areas remain considerably large, many enterprises see limited growth opportunities In the US and the EU In the months ahead. These suppliers are looking at alternative destinations to keep revenue on the upswing.
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