TAIPEI (BLOOMBERG) - The new normal of global trade is that there are few safe harbours. That's the lesson Eclat Textile Co. is learning. The sportswear supplier to Nike Inc. and Lululemon Athletica Inc. exited China in 2016 as conditions weren't ideal for manufacturing, deciding instead to bulk up in Vietnam. Now, as the global trade war heats up, Eclat finds itself vulnerable again and needs to move beyond Vietnam. "Judging from the global situation, the most important thing now is diversification," Chairman Hung Cheng-hai said in an interview. "Clients also want us to diversify risks and don't want production bases to be in one country. Now 50 per cent of our garments are made in Vietnam, so we are not diversified enough." Heightened trade tensions between the US and China have disrupted global supply lines, forcing companies to pivot production out of the Asian nation and into other countries such as Taiwan, Vietnam and Bangladesh. But with US President Donald Trump hardening his … [Read more...] about Nike supplier pivots away from Vietnam after exiting China
Look pivot replacement brakes
I am a little excited. On July 11, I will be heading to the US for an up-close look at the Harley-Davidson 2020 LiveWire and ride it. I am feeling the buzz for this new sporty ride as it is the brand's first production electric motorcycle. Who would have thought that Harley, synonymous with large-capacity motorbikes often seen in Hollywood movies, would be taking the electric route? Despite the early manifestation of the LiveWire, called Project LiveWire and shown to regional journalists lucky enough to ride it briefly in Sepang, Malaysia, in 2014, I was still not sold on the idea. I figured it was a marketing exercise. I imagined Harley did not want to break rank with the rest of the industry, so it had to show it was considering making environmentally friendly motorcycles of the future. Like many enthusiasts who love the masculine Harley motorcycles for their torque-ready engines, as well as the vibration and heat they produce between your legs, I believed Harley's plan to go … [Read more...] about Harley-Davidson’s 2020 LiveWire: Sound and look of the future
HONG KONG • Finding a boss to run a company, especially a troubled one, is no easy task. Hong Kong's Chief Executive Carrie Lam still has three years until the end of her term, but with many people calling for her to step down, the difficulty that would arise in choosing a replacement would be finding someone who is competent and willing to fight for his or her citizens. Protesters and pro-democracy lawmakers - who have set aside their differences and banded together in recent weeks - have scented blood and want to force Mrs Lam's exit over her backing of the controversial extradition Bill. But they seem to have missed the fact that this could lead to them ending up with someone who is less competent and more pro-Beijing. The unfortunate thing for Mrs Lam is that in her haste to roll out the now-suspended Bill, she gave people a reason to launch a series of protests, some of which ended in violence. Locals believe that, if passed, the Bill would allow Hong Kong to send people to … [Read more...] about Will a replacement for Carrie Lam be better?
Sport Petra Kvitova heads into the French Open with two titles under her belt since the beginning of 2019, but a calf injury in a tournament tune-up match this week may derail the two-time Wimbledon champion's momentum. 18 May 2019 12:16AM Bookmark PRAGUE: Petra Kvitova heads into the French Open with two titles under her belt since the beginning of 2019, but a calf injury in a tournament tune-up match this week may derail the two-time Wimbledon champion's momentum.The 29-year-old Kvitova was forced to retire from the last major warm-up before Roland Garros with a left calf injury after trailing Greece's Maria Sakkari on Thursday in the third round of a WTA event in Rome 7-5, 5-7, 4-0.Kvitova has not commented on her social media networks, and a spokeswoman was not immediately available to discuss her preparations for the French Open or the severity of the injury.Before Rome, Kvitova appeared well positioned for a run at a first title at the clay court tournament at Roland … [Read more...] about Calf injury brakes Kvitova’s French Open momentum
Australia will see a "step change" in engagement with Asia and a more "considered" policy toward China if Labor wins the next election, the party's would-be foreign minister vowed Wednesday. Penny Wong, who would become the country's first Asian-Australian top diplomat if her party continues to lead the conservative government into the May 18 vote, signaled the election would bring a foreign policy pivot to Asia. Promising policies that would see more Asian languages taught in Australian schools and an increase in Aussie diplomats abroad, Malaysian-born Wong also signaled her wish to have a more constructive relationship with Beijing. "We don't preemptively frame China only as a threat," she said, drawing contrast with Prime Minister Scott Morrison's administration. Like Labor governments before, she promised a "more considered, disciplined and consistent approach to the management of Australia's relationship with China." Successive Australian administrations have struggled to balance … [Read more...] about News Australia election favorites vow pivot to Asia