The global economic upturn has not yet apparent, however, a number of major overseas buyers revival in consumer spending has been planning to seize the opportunity. "The European consumer market is expected to be changed for the better next year, and we plan to increase the 20% of the purchases." MidOceanBrands led the company's new chief executive WillemvanWaltMeijer personally attend the 106th Canton Fair Phase III procurement of clothing, bags, etc. He recently accepted an interview with CBN says. At the same time, he also said that this
Year in the fourth quarter and next year in the first quarter of the buyers, but still a great test.
Headquartered in the Netherlands and Spain MidOceanBrands from 1971, which began in the Canton Fair, is now the high-end gifts and business gifts in Europe's second-largest company. Since the financial crisis, the companies are not a small impact, sales declined by 20%, prices fell 30%, more than 15,000 distributors in the lower reaches of many in the sold goods and inventory markdowns.
Willem mentioned that today the European economy has not really warmed up, the real economy in the automotive, construction and other industries are still in the doldrums, the unemployment rate is rising in the market next year, there are many uncertain factors, many medium and small gifts buyers sourcing for next year's is still waiting to see rather than rush orders, but the company has started to prepare for next year's spending is expected to improve.
In his view, China has a competitive edge, many labor-intensive products in terms of quality close to European levels, but the price is cheaper than the European manufacturers, and the ability to adapt to new products more flexible. Vietnam, Myanmar and other Southeast Asian countries, while the cost cheaper than in China, but the speed and quality of supply are not such as China.
Insiders also said that the situation has also improved stationery product exports, companies active in order to re-played by the expected rapid recovery in the fourth quarter, exports, exports are expected to the previous year's 96 million U.S. dollars in the third quarter rose to 150 million U.S. dollars.