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Join the seminar presented by Jamila Greene from exproTT Limited to gain a greater understanding and awareness of the market, gather strategies for entering the market, and establish networks and contacts.
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Market Scoping Mission Finding SeminarTrade in Services Presented by: Jamila Greene exporTT Limited Training Room151B Charlotte Street8.30AM – 12PM
Objectives for Services Component Generate a greater understanding and awareness of the market; Gather strategies for entering the market; and Establish networks and contacts.
France Population: 64.1 million (2014) GDP: €2.183 Trillion Household Expenditure : €1.1154 Trillion Household Disposable Income Growth Q3: 0.88% Projected Growth in Private Consumption 2017: 1.9% Source: OECD 2016
The Netherlands Population: 16.8 Million (2014) GDP: 678.572 billion Household Expenditure: € 295.837 Billion Household Disposable Income Growth Q3 2015: 0.39% Projected Growth in Private Consumption 2017: 1.7% Source: OECD 2016
The United Kingdom Population: 63.7 million GDP: £1.864 Trillion Household Expenditure: £1.152 Household Disposable Income Growth Q3 2015: 0.27% Projected Growth in Private Consumption 2017: 2.0% Source: OECD 2016
European UnionFashion (Garment) • Most fashion companies are SMEs who employ 90% of industry’s workforce and 60% of value added • Approx. 185,000 companies, 1.7 million employed and €6 billion turn over • Fashion clusters, at national level being used to achieve economic development by connecting, training, supporting and developing those in the fashion industry • Data presents mixed trends by product, but intra-EU trade, China, Turkey, India and Pakistan, USA, Tunisia and Bangladesh amongst largest import players (Source: European Commission, Communication and Information Resource Centre for Administrations, Businesses and Citizens (CIRCABC)
Fashion (Garment) France Findings • Met with a number of players in the value chain of industry in France • 41% of French Textile Firms located in Rhone Alps and account for 50% of national turnover • Fashion industry being used to stimulate Economic Development of cities and communities • City of St. Etienne known as the “City of Design” • Non Traditional Retailers like Fair Trade etc.
Fashion (Jewelry) In 2013, jewelry industry provided €41,612 Million in value added to the European economy.
Case StudyVillage des Createurs, Rhone Alps • Non-Profit with many major industry players on their Board of Directors • Platform the development and commercialization of designer – idea to business conversion rate above national average 65% (national average 50%) • Provides work and retail space for three (3) years and vigorously monitors their production
Case Study - AccessoriesLe Colonel Moutarde • Passed through Maison des Mode Program • Program is an incubation program that trains companies then, provides production space then retail and living space in city outside of Lille • Le Colonel Moutarde has now opened a store in Paris and in Shoreditch, London
Fashion (Garment) Netherlands Findings • Cities of Amsterdam and Rotterdam branding itself as young, vibrant and design-oriented cities; • Designs in Netherlands more conceptual and open-minded, not necessarily pret-a-porter • Established a foundation network with the intention to expand it further to the Netherlands Fashion Week and the Fashion Association - MODINT
Case StudyWorld Fashion Centre – Amsterdam • Wholesale Mall with hundreds of vendors • Began by collaboration between designers for shared space • It has retail space for established designers. Retail and work space for small or up-and-coming designers • Only wholesale sales allowed – must apply for pass
Fashion (Garment) UK Findings • UK Fashion Industry contributed £26 billion to economy and employs 797,000 persons • Hub for luxury and fast fashion • Upcoming communities like Camden and Shoreditch that are redeveloping communities through fashion • Met with London College of Fashion that has Centre for Fashion Enterprise to improve the skill set of the fashion and related industries • Mr. Andrew Ramroop spoke to continued training and commitment to quality for success in UK market
eCommerce & Fashion • 247 billion consumers shop online, with an additional 159 billion overseas shoppers – spending 180 billion in 2014. • Apparel and Footwear consistently one of the most purchased products online
Digital Industries • Digital Industries Single market targeted for completed by end of 2016 • Better access for digital goods and services across Europe • Create condition for digital networks and innovative services to flourish • Maximize growth potential for digital economy • Pushing Digital Entrepreneurship for job creation
Digital Music New structure of the industry because of new technology and increase use of internet in industry Findings limited to entry strategies
Animation • Industry more active in some EU countries than others • Seen by some country of a industry that can contribute to economic development
AnimationFrance • Amination identified by government as a industry to lead French economic growth • Rhone Alps has the Pole Pixel cluster, which is also a geographic space • Industry in Lille connected a technology sector
Case StudyPole Pixel - France • Pole Pixel established in 2009 • Home to 110 companies and 660 employees in the Amination value chain with a physical office and production space • Home to Imaginove, a Animation cluster that connected all players win the value chain to one another for training, development and project execution
AnimationNetherlands • Industry identified as small • Requires the right contacts in the market, we met Mr. Robert Ladan, a connector in the Animation industry to assist with a network in the market • Recommended companies prefect the follow to pitch: • Portfolio demonstrated through their Showreel • Other material pitch-perfect • Exemplary quality in work • Ability to localize while maintaining originality and creativity
Fashion (Jewelry)Entry Strategies • Networks • Step 1: Preliminary Research • Step 2: Identify Network and Establish Contact • Step 3: Process of Localizing, Branding and Marketing • Step 4: Market Entry • Special Purpose Groups (Fair Trade, Health Awareness, Aid Benefits) • Step 1: Preliminary Research • Step 2: Registration • Step 4: Market Entry
Fashion (Garment)Entry Strategies • Networks (Discussed prior) • Incubation/Acceleration Program • Step 1: Program Identification • Step 2: Registration • Step 3: Program Life • Step 4: Market Entry • Direct Distribution • Step 1: Preliminary Research • Step 2: Product/Company Registration • Step 3: Localizing, Marketing and Branding • Step 4: Market Entry
AnimationEntry Strategies • Networks (Discussed prior) • Incubation/Acceleration Program • Step 1: Program Identification • Step 2: Registration • Step 3: Program Life • Step 4: Market Entry
Digital MusicEntry Strategies • Innovative Promotions • Step 1: Identify personnel and generate strategy • Step 2: Identify persons with platforms needed and a willingness to cooperate • Step 3: Foster collaboration • Step 4: Market Entry • Interactive Promotions • Step 1: Identify personnel and generate strategy • Step 2: Identify persons with platforms needed and a willingness to cooperate • Step 3: Engage End use • Step 4: Progressive market entry
Conclusion • Approach market entry to the EU bearing in mind: • The spirit of cooperation and collaboration • The right connections • Branding (Localizing if necessary) • eCommerce Platform a MUST