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The recent age of globalisation created huge benefits but was accompanied by social costs and a widespread political backlash. The new pattern of commerce that replaces it will be no less fraught with opportunity and danger. Global power brands have played a role in being global catalysts. They strengthen world commerce and are, in turn, as much as a consequence of it.
Economic uncertainties and weakening consumer demand have forced global clothing makers to scrap their plans to leave China Read Full Article at RT.com
“That mature ecosystem, established over decades in China, not only ensures competitive price points, but also delivers stable quality at mass production that’s hard to copy,” Laura Magill, the global head of sustainability at footwear brand Bata Group, said. “I can’t think of another place that can do the quality, the quantity and the price as well as China.”
“That mature ecosystem, established over decades in China, not only ensures competitive price points, but also delivers stable quality at mass production that’s hard to copy,” Laura Magill, the global head of sustainability at footwear brand Bata Group, said. “I can’t think of another place that can do the quality, the quantity and the price as well as China.”
Amid economic uncertainty and weakening consumer demand, many are discovering that finding alternative production hubs comes with its own challenges.