Destination Africa. Jason Kra. November 2018

Transcription

1 Destination Africa Jason Kra November 2018 Page 1

2 About Jason Kra 26 years owning / running FRC Owned, founded, multiple sourcing companies Sold FRC to Li & Fung in 2012 Hands on working with factories Owning the relationships with sourcing partners We believe in people and trust Africa production since 1997 Page 2

3 We are One Company Li & Fung is ready to enter the region in a big way Page 3

4 Fully Committed to Investing in Africa With Egypt as Hub Page 4

5 $16 billion annual sourcing volume Page 5

6 5 billion units Sourced annually = 14 units per person for whole USA population Page 6

7 Customers We Are Currently Producing + Developing in Africa Page 7

8 Who is FRC? Page 8

9 How FRC Works Design Sourcing Raw Material Sample Room Share Responsibility with Factory Partners Strategic Planning & Multi year commitment Problem Solving New York Based Design Team 3D Design & Fit Page 9

10 How FRC Works Design Sourcing Raw Material Sample Rooms Share Responsibility with Factory Partners Strategic Planning & Multi year commitment Problem Solving Shanghai Sourcing Hub that orchestrates info and material flow Page 10

11 How FRC Works Design Sourcing Raw Material Sample Rooms Share Responsibility with Factory Partners Strategic Planning & Multi year commitment Our team takes care of development, approvals, production and QA of raw materials Problem Solving Page 11

12 How FRC Works Design Sourcing Raw Material Sample Rooms Share Responsibility with Factory Partners Strategic Planning & Multi year commitment Problem Solving Sample Rooms based in China to handle precise and quick sampling needs Page 12

13 How FRC Works Design Sourcing Raw Material Sample Rooms Share Responsibility with Factory Partners Strategic Planning & Multi year commitment Problem Solving Our factories focus on pure execution and production, we shoulder responsibilities in the rest Page 13

14 How FRC Works Design Sourcing Raw Material Sample Rooms Share Responsibility with Factory Partners Strategic Planning & Multi year commitment Problem Solving Careful and strategic planning with customers Early planning, multi-year commitment on capacity & new factory investment Page 14

15 How FRC Works Design Sourcing Raw Material Sample Rooms Share Responsibility with Factory Partners Strategic Planning & Multi year commitment Production problem solving and partnership Problem Solving Page 15

16 What do Manufacturers Value & Appreciate The Most? Partner you can trust Page 16

17 What do Manufacturers Value & Appreciate The Most? Capacity Maximization Efficient Approval Process Predictable T&A Stable Customers Long Term Planning 24/7 Communication Integrity On Time / Flexible Payment Sharing of Sourcing Workload Page 17

18 We want our suppliers to focus on compliance and execution of quality production Let us handle the rest Page 18

19 Egypt Product Categories We Are Producing Denim Swim Cotton Shorts Jacquard Polyester Polo Rash Guard Fashion Tops Sweater Fleece Plush Active Shorts Active Shirts Active - Yoga Active Poly Fleece Top Page 19

20 Egypt Product Categories We Want to Expand Into Polyfill Outerwear Casual Outerwear Suit Dress Shirt Sweater Coldweather Accessories Page 20

21 FRC + Li & Fung Growth Curve in Africa US$ million $350M $250M $111M $100M FRC Li & Fung Page 21

22 Delegation from our Top Suppliers in China All with over 10 year relationships Page 22

23 Page 23

24 Thank You Page 24