Vietnam
struggles to re-brand its furniture industry
Traditionally,
consumers around the globe made the decision to purchase furniture based on
the price, style and reputation of the retailer from whom the purchase was
made, said Nguyen Ton Quyen, chairman of Viforest.
This
resulted in poor brand awareness by consumers, said Mr Quyen, but even more
importantly it gave rise to a lackadaisical attitude among local
manufacturers for developing their brands.
Over the
past decade, manufacturers in markets such as the US, EU, China, Canada,
Taiwan, Mexico, and Italy have rapidly been establishing their own dedicated
retail outlets and showrooms worldwide.
In addition,
every major manufacturer in the aforementioned markets now has a web site
dedicated exclusively to marketing and brand building, said Mr Quyen, — and they
have proven quite effective.
Most of
these manufacturers have no intention of selling direct to consumers via the
Internet but have learned to use the Internet effectively to gain large-scale
visibility that is impossible to obtain in traditional brick and mortar
stores.
This lack of
brand development has severely handicapped local manufacturers when it comes
to competing with the foreign rivals in the industry who have established
household names the likes of UMA or IKEA.
Vo Van Quyen
from the Ministry of Industry and Trade agrees with Mr Quyen.
Local
manufacturers have also neglected the domestic market and wasted too much
time trying to make inroads into China and other foreign markets, said Mr
Quyen, adding that the outward approach has been unsuccessful for the most
part because of their low brand recognition.
“The failure
to develop strong brand name recognition in the domestic market has created a
huge opening for the foreign competition who are swarming onto the market as
a result of the ASEAN Economic Community (AEC) formation,” said Mr Quyen.
The AEC is
going to bring about an even greater influx of less expensive imports making
products such as those from Swedish home furnishing giant IKEA much more
competitive and most likely allow for them to corner the domestic market.
The
household furniture industry in Vietnam consists primarily of producing wood
and wood veneer sofas; dining tables; convertible beds; along with
television, radio, phonograph, and sewing machine cabinets.
Furniture
manufacturers from China, Canada, Taiwan, Mexico, and Italy have dominated
the global furniture market for the past several decades, accounting for in
upwards of 75% of the market.
VOV
|
Thứ Ba, 7 tháng 6, 2016
Đăng ký:
Đăng Nhận xét (Atom)
Không có nhận xét nào:
Đăng nhận xét