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Friday, 16 January 2009
Japanese Retailers Cutting Down Imports from China
Japan’s major retailers are stepping up purchases from suppliers in Asia other than their traditional source, the mainland, as labour costs there continue to climb, a report said on Monday.
Japanese Retailers Cutting Down Imports from China
AFP in Tokyo 12 January 2009
Japan’s major retailers are stepping up purchases from suppliers in Asia other than their traditional source, the mainland, as labour costs there continue to climb, a report said on Monday.
The yen’s appreciation has also prompted the companies to diversify their supply chains while consumers tighten their purse strings in the middle of the economic downturn, the business daily Nikkei said.
Ito-Yokado and Aoyama Trading are increasing imports of clothing from Vietnam and Myanmar while Seiyu has started importing household goods from India and Pakistan, the report said.
In the year to February, Ito-Yokado’s direct imports of apparel and accessories from Asia will have doubled from the preceding year.
Of the total, about 90 per cent come from the mainland.
But the supermarket operator plans to raise to 30 per cent the amount it imports from countries such as Vietnam, Myanmar and Bangladesh, where wholesale prices are 15-20 per cent lower than the mainland, the report said.
More than 90 per cent of the suits sold by Aoyama are made overseas, with 80 per cent of them in mainland.
The men’s apparel chain aims to lower the percentage of suits from mainland to 70 per cent by increasing sourcing from Vietnam and Myanmar.
Seiyu is tapping parent Wal-Mart’s distribution network to import from Bangladesh and Jordan, the report said.
It plans to add India and Vietnam as its suppliers this year.
Seiyu has started handling some 40 household goods from India and Pakistan, which can be procured at half the price of domestic products, the report said.
Fast Retailing, which operates the Uniqlo casual wear stores, plans to expand its production bases outside mainland to include such countries as Bangladesh.
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Japanese Retailers Cutting Down Imports from China
AFP in Tokyo
12 January 2009
Japan’s major retailers are stepping up purchases from suppliers in Asia other than their traditional source, the mainland, as labour costs there continue to climb, a report said on Monday.
The yen’s appreciation has also prompted the companies to diversify their supply chains while consumers tighten their purse strings in the middle of the economic downturn, the business daily Nikkei said.
Ito-Yokado and Aoyama Trading are increasing imports of clothing from Vietnam and Myanmar while Seiyu has started importing household goods from India and Pakistan, the report said.
In the year to February, Ito-Yokado’s direct imports of apparel and accessories from Asia will have doubled from the preceding year.
Of the total, about 90 per cent come from the mainland.
But the supermarket operator plans to raise to 30 per cent the amount it imports from countries such as Vietnam, Myanmar and Bangladesh, where wholesale prices are 15-20 per cent lower than the mainland, the report said.
More than 90 per cent of the suits sold by Aoyama are made overseas, with 80 per cent of them in mainland.
The men’s apparel chain aims to lower the percentage of suits from mainland to 70 per cent by increasing sourcing from Vietnam and Myanmar.
Seiyu is tapping parent Wal-Mart’s distribution network to import from Bangladesh and Jordan, the report said.
It plans to add India and Vietnam as its suppliers this year.
Seiyu has started handling some 40 household goods from India and Pakistan, which can be procured at half the price of domestic products, the report said.
Fast Retailing, which operates the Uniqlo casual wear stores, plans to expand its production bases outside mainland to include such countries as Bangladesh.
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