Hong Kong’s retail sector has been heavily impacted by the global economic downturn. Hiring activity remains subdued in the aftermath of store closures, shelved expansion plans and the weak trading results of major brands. The position is different in mainland China, where major retail brands continue their expansion. As a result, we have seen opportunities for Hong Kong candidates willing to commute or be based across the border.
The demand from global retail, manufacturing and trading companies for sourcing skills remains but have dropped when compared to 2007/8. ‘Direct buying’ offices have been reasonably consistent in their recruitment activity, and there has been increased pressure on many Asian based sourcing offices to increase volumes and drive down supply chain costs... download full report to read more
