Recently, local brands or Local Champions in the creative industry apparently have spirit and optimism in the grand event titled Cerita Nusantara. This is especially true in the fashion field. The goal is to target the international market (Global Market). One of the foundations is that there are already many facilities and platforms that support the existence of these local brands. Here is the complete review!
"We always look to South Korea, where whatever they create can enter the global market," said Founder of Brightspot Market Anton Wirjono, during a Talkshow in the midst of the Cerita Nusantara event at the Jakarta Convention Center (JCC), Tuesday (28/11)."
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Anton tells, he has been building a business ecosystem for the development of local brands for 14 years. "I started it from a music festival which was then combined with a fashion festival. It was inspired by traditional markets or surprise markets that are often held in the middle of Indonesian society," said Anton. In the beginning, only about 5,000 people attended the festival. However, this year, a similar event was able to attract 177 thousand spectators. "We have built an ecosystem for a thousand local brands," Anton said.
Added, Brightspot Market is the right stage to present real examples of people who have succeeded and dared to live according to their choices.
From his 14 years of experience, Anton mentioned that local brands that are able to penetrate the global market are products that have their own uniqueness (Indonesian culture), are unique, new, and different from similar products. "Of course, with high-quality products," said Anton. In Brightspot, Anton continued, besides strict product curation, they also build their business model, including access to financing. "Whether they should enter the global market depends on each brand and designer. They have their own strategies," said Anton.
According to Anton, many local brands are actually more confident in developing the potential of the local market, which is considered very large, namely the 270 million population of Indonesia. "But, indeed, there are several local t-shirt brands that have entered the local market. This is an extraordinary step," said Anton. Another speaker, Creative Director of Jakarta Fashion Week (JFW) Andandika Surasetja agrees that the quality of products from local brands is not inferior to those made abroad.
"In JFW, there is a curation level for local brand products before they are showcased. We assess how strong they have the potential for business and sustainable elements," said Andandika."
© Dream.co.id 2023
For Andandika, only locally developed brands that are conceptualized are usually driven to enter the global market. For others, they prefer to focus on cultivating the local market.
"For conceptual brands, they need an even wider market to penetrate the global market. Until now, the development of such brands only exists in big cities," said Anton. According to Andandika, in order to penetrate the global market, local brands must have a good business ecosystem and support each other's ecosystems. "In JFW, this has been well woven. However, efforts like this must continue to be sustained," said Andandika.
In addition, according to Andandika, brands must receive a lot of support from various parties, including the government, to penetrate the global market. "Because local brands are still hindered by issues, namely production capacity and financing," he concluded.
© Dream.co.id 2023
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