Manage episode 286242638 series 2886189
By China Paradigm - China Business Podcast and Daxue Consulting. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Matthieu David interviews Vincent Djen, Director of Cheng Kung Garments and CEO of REMAKEHUB. The textile industry has consistently been a labor-intensive industry. In this episode, we explore what the future hold for the garment industry and how a circular economy fits into that. Are Chinese consumers already requesting fashion products made from recycled materials? Can textile factories be digitalized yet or is there still a long way to go before that happens? Find out the answers to these questions and more in this new China Paradigm interview. 0:00 Guest introduction 5:59 How did the current outbreak affect the garment industry? 7:51 Is the winter collection delayed as a result of the coronavirus outbreak? 8:17 The story behind Cheng Kung Garments 10:31 How and why did Vincent Djen decide to take over the family business? 13:28 Cheng Kung Garments - the current size of business 14:27 What are the highs and lows of a season in the garment industry? 17:05 How much of Cheng Kung Garments' production is in-house and how much is outsourced? 20:53 Is China still the best place for the textile industry? 24:31 Why is the textile industry still so labor intensive? 26:39 What are the costs of using robotics for manufacturing instead of people? 28:56 What are the initial costs for entrepreneurs who would want to get into the textile industry? 33:01 Is there support from the Chinese government to make factories more innovative? 37:03 How is 3D printing helping the textile industry? 41:09 How does Recycling fit into the day to day activities of the Cheng Kung Garments factory? 44:06 Mechanical vs Chemical Recycling - how many times can a product be recycled? 46:42 REMAKEHUB - what and why have specific products been picked for recycling? 48:12 Why was adding traceability for waste products recycled by REMAKEHUB important? 49:42 REMAKEHUB - following the "Cradle to cradle" design concept 50:50 Do big fashion companies already use recycled products? 52:50 Is it easy to tell if a finished product is made from recycled materials or not? 54:03 Is recycling mandatory for companies or is it still an optional feature? 56:18 Are consumers already buying products because they come from recycled materials? 57:51 What are the challenges of creating a brand in the fashion industry? 1:00:26 What is Vincent Djen's greatest business goal? 1:01:28 What books have inspired Vincent Djen in his entrepreneurial journey? 1:02:43 What does Vincent Djen read to stay up to date with China? 1:05:24 What productivity tool does Vincent Djen use to run his business? 1:08:25 What unexpected business success or failure has Vincent Djen witnessed in China? Learn more about Cheng Kung Garments and REMAKEHUB: https://www.linkedin.com/company/cheng-kung-garments/about/ and http://www.remakehub.co/ Bridging Chinese suppliers, brands and consumers to make sustainability core product feature: https://www.youtube.com/watch?v=FF7Q8pu7eno Listen & Subscribe: Soundcloud: https://soundcloud.com/china-paradigms-daxue Apple Podcasts: https://podcasts.apple.com/us/podcast/china-paradigms/id1450916630 Spotify: https://open.spotify.com/show/78qDpsYgQXWrkPpJyZJLtx YouTube: https://www.youtube.com/channel/UC2y6ixpQB1WIs6GMdUeoq4g?view_as=subscriber Website: https://chinaparadigm.com/ Thanks for listening! If you like what you hear, do us a favor and write a review on iTunes. What is China Paradigms Podcast? China Paradigms is the China Business Podcast for entrepreneurs and China watchers. Learn from business professionals in China on our China Paradigms.