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As consumers in Europe and the US increasingly seek out the brand, the company's strength in developing value-added electronic learning products is being recognised by leading US toy retailers. Mattel has selected IDT as "licensee of the year" for its Barbie range, surpassing around 500 other licensees, while another coup was being named "vendor of the year" by Toys 'R Us. Investment in research
The company's track record as an innovator led to its initial association with the US-based Oregon Scientific in 1991, when the latter was "looking for a company to help them manufacture a product they had come up with," Mr Li recalls. The association turned into a joint venture. IDT saw it as an opportunity to build a network in the US, eventually acquiring 100 per cent of Oregon Scientific and developing it as an in-house brand. Oregon Scientific has been positioned as a lifestyle brand, associated with "very innovative, high-end products distinguished not only by their features and functions, but also by the design and quality of its products," Mr Li notes. Strong overseas network This decision by IDT's founder, Raymond Chan, was an unusual step for a Hong Kong manufacturer in the early 80s. It led to the establishment of a strong network of overseas sales subsidiaries. "We now have 14 sales offices which cover all the major continents," Mr Li said. It strengthened its China operations last year, and opened a representative office in Singapore. "We are close to agreement with local distributors in key markets like Thailand, Singapore and Malaysia. Elsewhere, we are expanding our presence in Latin America, where we established a Brazilian office last year," Mr Li said. "The pleasing thing is that we are now at a point where we have distributors who recognise the strength of our brand and product range and are asking for the right to distribute." Related link:
02/06/2003
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