Chapter 480 Short-sighted
Qin Wenbo said this, drank a sip of tea with melancholy, and continued:
"For a long time, no matter where in the world we Chinese are, we are known for our hard work,
and the older generation of Hong Kong businessmen pay special attention to credibility, quality, and reputation.
In addition to our advantage of low labor costs, we also have high-quality and low-priced products.
Let our Hong Kong clothing industry gain a good reputation in the global market.
Since then, Hong Kong's clothing industry has received a large number of clothing orders from local and overseas.
At that time, there were very few clothing factories in Hong Kong. It was the golden age of Hong Kong's clothing industry.
It was with this opportunity that I adopted a large-scale production method of operating and expanding at the same time to improve efficiency, which led to the creation of the clothing brand Zhenshanmei and its current reputation in the clothing industry. The reputation of our Hong Kong clothing manufacturing was built bit by bit by all of us in the clothing industry, while working hard to ensure product quality and win the trust of customers, with low production costs.
In the entire business chain, the profits earned by us manufacturers are actually very small, because the sellers are not as smart as the buyers. We manufacturers mainly rely on orders to survive. So even though Hong Kong’s clothing manufacturing industry is very prosperous now, everyone is competing with each other.
Manufacturers really don’t make much profit now, they just make some of the hard-earned money of their employees.
I am also actively expanding sales channels, hoping to expand market share and get more orders.
But Hong Kong's clothing manufacturing industry is well-known, and businessmen are not stupid. They don't have to place orders with you. The overly fierce local competition has led to the current situation in Hong Kong's clothing industry, which is becoming increasingly corrupt. Everyone is now competing to see who survives in this corrupt situation and who knows how to exploit the interests of employees. Employees are also human beings and need to make money to support their families. On the one hand, the factory has to face the brutal competition in the market, and on the other hand, it has to face the calls for wage increases from employees. Faced with such a situation, I really couldn't hold on any longer, so I chose to withdraw from the clothing industry.
Wang Sheng, I'm really not as powerful as you think. "
Wang Yuanchao naturally knew that Hong Kong manufacturing had not yet been absorbed by the huge market in the mainland, and the pressure of market competition was very high. However, Wang Yuanchao believed that the vision of the Chinese businessmen in Hong Kong's clothing industry was limited.
These people are too obsessed with a one-time solution for the clothing industry. They don't even think about investing money to build their own sales channels. They only want to take orders, manufacture, and then hand over the market to global distributors. They leave the most profitable part to middlemen and retailers, which means they can only earn meager wages by exploiting their employees.
Moreover, Wang Yuanchao knew that the short-sighted management style of these manufacturers in Hong Kong would be brought to China along with the reform and opening up of the country, turning the domestic manufacturing industry into a sweatshop. Although relying on the huge and cheap labor force in the country, the domestic manufacturing industry once developed into the world's factory, but this short-sighted approach really left a lasting legacy. It was not until the rise of e-commerce and its conquest of the world that this situation changed. Wang Yuanchao really despised this management style. This management style really brought the bad nature of capital to the extreme. Even in Western capitalist society, there are obviously better and more suitable management methods. In order to avoid large-scale investment and avoid risks, these people just want to earn these money by squeezing blood and sweat, claiming to have stable management.
But now Wang Yuanchao is powerless in dealing with all this in the Hong Kong clothing industry.
I just hope that after my underwear brand is successfully run, I can find another way of doing business, which can wake up the bosses of Hong Kong's clothing manufacturing industry and enable them to get out of the vicious circle of sweatshops.
After drinking tea and chatting with Qin Wenbo, Wang Yuanchao returned home and continued to work.
While urging the department to handle import and export declaration procedures, I was also interviewing fashion designers.
Wang Yuanchao plans to manufacture the classic styles of underwear, sexy underwear and other women's underwear that have been tested by the market in his previous life, and then create his own global sales channels through global franchising, so that his clothing brand can complete a complete closed loop.
From clothing manufacturing to sales, Wang Yuanchao wanted to take most of the profits from each piece of clothing. A piece of clothing only cost a few cents or a few dollars, but was sold for dozens or hundreds of dollars in the market, but the clothing manufacturer could not make any money. Wang Yuanchao could not accept such a situation and was unwilling to do it.
Only by completing the complete closed loop from clothing production to sales and obtaining most of the profits in the entire link can Wang Yuanchao's appetite for entering the clothing industry be satisfied. Wang Yuanchao is ambitious about this.
At Michelle's home, Wang Yuanchao spent a pleasant weekend with two fair-skinned beauties, Michelle and Susie. After confirming the time of the European trip, he took Xiong Jian and others and embarked on a journey to Kuala Lumpur. This trip to Kuala Lumpur was not as rushed as the last time, because last time Wang Yuanchao established a rice and grain trading company in Klang City next to the Port of Klang in Kuala Lumpur, and rented a storage center in Klang City.
After arriving in Klang, Kuala Lumpur, Wang Yuanchao found an opportunity to avoid everyone.
He sneaked into the storage center he rented and stacked the bagged premium rice in rows in the warehouse.
After working busy for more than three hours, Wang Yuanchao looked at the 4 million bags, 100,000 tons, and 200 million jin of premium rice neatly stacked in the warehouse. He smiled with satisfaction, walked out of the warehouse, locked the door, and returned to the office of the Klang City Daoxiang Rice and Grain Trading Company. He began to connect with the cargo ship that was about to arrive at the port, arranged for employees to contact the leasing company to prepare to lease large trucks, and arranged dock workers to prepare to start loading cargo onto the cargo ship.
This time, the loading went very smoothly because local employees were responsible for all the contacts.
After Wang Yuanchao watched the cargo ship depart from Port Klang to Hong Kong, he called Ouyang Yuanfang in Hong Kong and asked her to be responsible for receiving the cargo and bringing it to the storage center in Tsim Sha Tsui. He did not stay in Kuala Lumpur for long. After arranging the work of the employees of Klang City Daoxiang Rice and Grain Merchants,
He bought a return boat ticket and started his journey back home with bodyguards including Xiong Jian.
After returning to Hong Kong, all the employees in the Bank of China office were cheering and encouraged by the arrival of 200 million kilograms of premium rice, and they became more and more motivated to work.
Wang Yuanchao began to prepare for his trip to Europe.
(End of this chapter)
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