Tips for working with distribution agents (4): Novelty, healthiness and freshness: ingredients of success for prepared food
Imported food becomes a lifestyle of mainland consumers keen on sampling delicacies from different parts of the world. Manager of Guangzhou-based Yin Tai Hang which specialises in imported condiments, wheat foods and drink mixes, shares his views on the market demand and changing trends for imported prepared food on the mainland.
Rising costs in the PRD have affected production and sourcing activities in the region. But many manufacturers there adopted different strategies years ago to cope with the changes. This explains why the PRD industry continues to grow with improved profitability, despite challenges like production relocation and enterprise closure. Apart from investing in R&D and developing high value-added business, enterprises also invest in automation and restructure supply chains to enhance efficiency.
Dubai comes close second to Hong Kong in annual survey of the fastest rising values in the world's real estate markets. Some analysts back the Middle Eastern city to take the number one slot in the 2013 survey, with major developments and international purchasers keen to invest in the Emirates' property.
The Office of the U.S. Trade Representative released its annual Special 301 report that identifies a range of concerns including the growing problem of misappropriation of trade secrets in mainland China and elsewhere.