Reported 8 months ago
Taipei, June 16, 2024 - Ruifeng's 6 'small giants' new clients will contribute to 15% of its revenue; Juyang is expected to have at least 3 high-end brand new clients this year. Although global brand apparel factories like Nike and Adidas have stabilized their inventory, facing inflation pressure, orders remain conservative. This year, small and medium-sized new clients become the driving force for clothing factories' business growth. Ruifeng's 6 'small giants' new clients will contribute to 15% of its revenue, while Juyang is expected to have at least 3 high-end brand new clients, adding momentum to revenue and profit growth. Guangyue last year secured Lululemon as a brand client, expected to be the fastest-growing new client this year. Outdoor functional apparel factory Guanglong has secured 6 new brand clients, expected to boost business growth in the second half of the year. Ruifeng has been cultivating 6 potential new clients, referred to as the 'Six Small Giants.' Ruifeng expects these clients to contribute around 10-12% of revenue in the first half of the year, likely increasing to 15% in the second half and possibly doubling to 30% next year, providing strong momentum for the company’s operations. Juyang believes that the trend of the strong getting stronger is essential for customers choosing suppliers in the post-pandemic, high inflation period. The demand for diversified production and local supply is more urgent, and customers trust large suppliers for their stable financial capabilities and diversified production areas, favoring Juyang's order acquisition. Juyang's revenue scale expanded last year, mainly due to its advantages in digitization, AI, 3D, and sales data analysis, which help customers buy the right products to reduce inventory issues and secure orders.
Source: YAHOO