The ODM Group Eyeing Business Expansion, Visits Vietnam Factories
January 09, 2018 Business News(PRLEAP.COM) January 9, 2018 - As part of their business expansion, the ODM group is tapping into the Vietnamese supply chain and a delegation visited last week with European clients. Yana Maximova led the group with visits to 8 different factories around the city of Hanoi, Vietnam.
Vietnam is one of the fast-growing economies in Southeast Asia and ODM is expanding their business, investing on growing new suppliers & expanding their product range from this region.
More companies are setting up production in Vietnam for practical reasons. Labor costs are lower and raw materials are cheaper compared to China, which is considered a manufacturing hub in Asia. This means cheaper production cost for manufacturers and business owners. During the 5 day trip, ODM found high quality materials for sports apparel and balls.
As of now, the factory for sporting goods is busy manufacturing orders for the upcoming FIFA World Cup 2018. The prestigious sporting event will be held in Russia, and this is a great time for brands to gain tremendous brand exposure.
The ODM Group also found various materials for apparel products that are at par with Chinese quality. As for the shopping bag, manufacturers used PP woven materials, which Vietnamese suppliers make themselves. Polypropelene is a sturdy material used for many types of products. It has a smooth surface that allows for better printing quality which lends a classy polished look.
The ODM Group is always in the lookout for quality products and better manufacturing methods. After the factory visit, The ODM group is confident that the Vietnamese suppliers and factories will be able to meet the demands of clients.
As a key player in the promotional product industry, ODM understands the importance of inspecting factories to ensure that products are made to the highest standard. Factory visits are a standard practice among companies to ensure that the working environment is safe and stimulates productivity.
If you are interested in sourcing and manufacturing in Vietnam or China, speak with ODM. Visit their website to know more about their services http://www.theodmgroup.com/