Louis Vuitton is a luxury fashion house in France. Louis Vuitton has its main factory in France but also has its manufacturing facility in Italy. Louis Vuitton is one of the most recognizable names in the world for high quality, designer sunglasses and handbags. As an importer of luxury brands, one of your responsibilities as an importer of luxury goods is to identify the origin of these products. Knowing the source of the luxury brands you import is important in terms of determining the authenticity of the products being imported into the country.
China is your primary supplier of Chinese wholesale items, especially products with logo TM. China is one of the leading importers of luxury goods and is a leading source of raw materials. As an importer of luxury brands, one of your responsibilities as a global retailer will be to identify the origin of your luxury goods and to keep a focus on the development of the retail sector in China to help this growing market sector.
Thailand is another important factor that impacts your supply chain. Thailand has been an emerging consumer market in Asia with disposable income growth increasing every year. It is a leading destination for expatriates, tourists and is a key gateway to the rest of Southeast Asia. With a rapidly growing tourism industry and an aging population, there is an increasing need for quality, branded products from China and Thailand.
The most common types of products being shipped to Thailand include garments, footwear, leather goods, sports equipment, automobiles, China and appliances. Your main goal as a licensed distributor or importer of Chinese importers and wholesale distributors should be to ensure that the products you are importing are of high quality and at competitive prices so that you can attract more consumers to buy your products. By ensuring that you have a good relationship with your suppliers, you will be able to provide timely delivery of your shipments to your customers. You can also increase your profitability by improving the pricing structures for your products. You can do this by evaluating the current prices of your competitors and adjusting for them by either reducing the margin required or increasing the base price.
A major challenge you will face as a leading branded distribution partner in Thailand is maintaining consistent premium prices for your premium quality luxury leather goods. Consumers are becoming more price sensitive due to the poor state of the economy and the purchasing power of Thais. This is why you will need to continue to build upon your customer base and continually look for ways to promote your brands so that they can overcome the competition. One effective way of doing this is through constant promotion of your products through various media including local advertising media such as TV, newspapers and billboards. You can also increase your marketing budget to attract more consumers by launching global marketing campaigns such as sending brochures to retailers in key markets.
There are many other factors that will affect your sales as a leading branded distribution partner in Thailand. One of the most important for you to consider in the coming years is the unpredictable political and economic climate in Thailand. In the next ten years you will find that pressures on the lower end of the market will be significantly increased as Thailand’s economic growth continues at a rapid pace. In the coming years you will also see more direct foreign investment into Thailand’s economy. The most common investment opportunities include infrastructure and projects supporting the development of Thailand’s tourism industry. Other countries may offer better returns but in the near future Thailand looks to be the leading destination for any investments coming from the developed world.
As you can see from the above, Thailand is an important trading partner for the global high-end consumer market. Its stable economy and the growing middle class have attracted many global businesses to set base in Thailand and over the coming years there will be a significant increase in the number of products imported into the Kingdom of Thailand. These include electronics, transport equipment and chemicals, and much more. Most of these items will be sold in China, but some will be sold through other sources such as Hong Kong or India. This trend is not likely to change in the next few years, but it is important for you to understand where your Thailand products will be going when they are being sold in other markets around the world.
One of the reasons why the prices of Thailand’s luxury items such as Chaweng are currently so low compared to those in other markets is the Thai government’s policy of gradually devaluing the Yuan. The current value of the Yuan is very low compared to the rates being charged in other markets, which has made many Thai exporters feel very comfortable with their business relationships with their Chinese suppliers. The gradual decrease in the Yuan’s value means that Thailand’s goods become more competitive on the international market and this in turn has lead to a marked increase in the number of foreign tourists visiting the country. If you own a leading brands product or goods, which you believe is having a high success rate selling in the Far East, then investing in Thailand could be a very good decision for you. You may even find that the price difference between buying in Thailand and buying from China is less than the difference in pricing between buying from Hong Kong or India.