Li & Fung boss predicts BRIC retail expansion

     Li and Fung not only is one of the biggest sourceing companies in Asia and one of the best financed and diversified, it is run by two od the brightest men in the industry. They are both educated in the United States and one has taught at Harvard Business School. They know the business and have established themselves as leaders.      They already own the license...

If western retailers can expand into the emerging BRIC markets, than it would most likely be Li & Fung who paves the way. As the world’s pre-eminent apparel supply chain manger Li & Fung obviously has those retail relationships firmly at hand. Dr. Fung has astutely identified the next wave of growth for the US retailers, and surely he is aware that they will need Li & Fung’s local relationships...

Overseas expansion into mature Western-like countries has been hit and miss for many US retailers.  Despite the potential profits, opening stores in emerging countries like Russia, Brazil, India, and China is even more risky.   Here's why

BRIC: 1.  Upper to Middle class is growing exponentially in Russia, India and China 2.  Brazil is trailing but when you can overcome the tariffs it has good potential 3.  USA retail can be positioned with the right partner

Governmental restrictions vary from market to market, existing shopping patterns are extremely differentiated, and cultural barriers are not the same within the BRIC market.   Successful penetration of each of these will require different approaches, processes, and skill sets.  They are not similar markets....only linked by their internal economic development "status".  Successful...

The new Emerging Markets are here to stay and will totally change the Retail map of the world. US and European Retailers who wish to grow over the coming years MUST step up their International Expansion plans. There is a real need for "Isolationist" Retailers to wake up to these major opportunities before it is too late and a "New World Order" has taken shape without them! 

US and European Retailers who wish to grow over the coming years MUST step up their International Expansion plans. There is a real need for "Isolationist" Retailers to wake up to these major opportunities before it is too late and a "New World Order" has taken shape without them!