Competitiveness of the Hong Kong Apparel Industry: From Manufacturer to Fashion Hub

published in Issue 107, September-October 2003   Report price: Euro 275.00; US$ 365.00

The Hong Kong apparel industry has been transformed since its early days as a cut, make and trim (CMT) manufacturer of garments. Rising costs have made manufacturing in the territory increasingly uncompetitive. Domestic production has declined as Hong Kong firms have relocated manufacturing operations to mainland China in an attempt to remain competitive. Nonetheless, Hong Kong has maintained its role as a supplier of quality, branded fashion collections and as a regional sourcing hub, taking advantage of its international network and accumulated skills.

One remaining weakness, however, lies in its ability to generate original design. Such ability is important to Hong Kong?s development as a fashion hub?which, in turn, is seen as being vital to the territory?s ability to compete in 2005 and beyond when quotas on international trade are finally eliminated. But investment in product development is limited and recognition of local design talent is scant. Furthermore, an emphasis on cost reduction has hindered the cultivation of resources and an environment for creative work.

However, Hong Kong also has a number of strengths which would favour its development into a fashion hub. Many international companies have maintained a regional base in Hong Kong, taking advantage of the territory?s well-established business infrastructure and a proficiency in English, which facilitates corporate communications. Moreover, the industry itself has strong managerial skills, and is experienced in international trade and supply chain coordination. Increasingly, it is also adopting advanced manufacturing and information technology which is seen as essential to future competitiveness.

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